TMT Project Site Visit, Earthworks, and EIA Update

Belararox Limited (ASX:BRX) (“Belararox” or “the Company”), an advanced mineral explorer focused on high- value clean energy metals, is pleased to provide updates regarding the Company’s TMT Project in Argentina.

Key Highlights

• Belararox’s Exploration Director, Jason Ward and Exploration Manager Arturo Guardiola recently visited the TMT Project and commenced early exploration activities.
• The earthworks to facilitate access track repair at the Toro-Malambo-Tambo (“TMT”) Project in Argentina has progressed in line with the Company’s plans.
• The main access track to the Project's campsite has been successfully repaired to accommodate light vehicles, allowing access from the south into the Toro tenement.
• Three (3) additional EIAs have recently been approved. Six (6) EIAs have been approved to date with another three (3) remaining in evaluation.

The Company’s Exploration Director and Manager, Jason Ward, and Exploration Manager Arturo Guardiola, recently visited the TMT Project to assess and facilitate the establishment of the Argentine Exploration Operations.

The principal access track has been repaired, enabling light vehicle to transit up to the campsite located in the Toro tenement. The track is now being upgraded to accommodate heavy vehicles. Upon completion, it will allow the arrival of larger vehicles carrying equipment and supplies, paving the way for the Toro campsite's refurbishment.

Once the Toro campsite is refurbished, it will act as the principal campsite for the TMT project and will facilitate exploration activities reaching full scale.

A further three (3) of the nine (9) recently submitted Environmental Impact Assessments (EIAs) have been approved this month. A total of six (6) EIAs have now been approved to date with the final three (3) currently under evaluation.

Exploration Director, Jason Ward, commented:

"The groundwork and other recent developments represent careful planning and execution for the TMT Project. The Toro Campsite refurbishment will allow multiple field teams to deploy at the TMT Project. The deployed field teams will be overseen by experienced Geologists who have contributed to a number of copper/gold porphyry discoveries and Mineral Resource Estimates in South America."

Managing Director, Arvind Misra, commented:

“The improvements at the TMT Project in Argentina align with our schedule and key objectives. Our recent progress at the TMT Project underscores our firm commitment to improving infrastructure and driving forward the environmental assessment process both of which are crucial milestones in our path towards successful exploration and expansion.”

Exploration Manager Site Visit

The Company’s Exploration Director, Jason Ward, and Exploration Manager, Arturo Guardiola, recently visited the TMT Project to assess and facilitate the establishment of the Argentine Operations. Both were satisfied with their visit to the TMT site, confirming its favourable geological features, assessing the state of the infrastructure, and noting the swift progress in restoring the campsite and access tracks.

Figure 1: Jason Ward and Arturo Guardiola visiting TMT project.

Figure 2: Assessing the conditions of the existing infrastructure, which is ready to be rapidly refurbished.

Figure 3: Jason Ward inspecting surface rock units at the TMT Project.

Earthworks

Approximately 50 km of access track has been repaired leading to the TMT Project’s historical campsite located within the Toro Tenement (Figure 4). The access track has been sufficiently repaired to allow site access for light vehicles, however, certain sections of the track are currently undergoing additional remediation to permit access to trucks with heavy loads (Figure 5, and Figure 6).

The repair of the access track to the TMT project now allows access to the campsite for the refurbishment to progress. Once the campsite is reinstated the environmental baseline can be completed and various exploration activities can progress in a planned fashion across the eleven (11) targets at the TMT Project.

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