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Belararox Ltd. ( (AU:BRX) ) has provided an update.
Belararox Ltd. is sharpening its focus on large-scale exploration opportunities in Argentina and Botswana, while considering a potential divestment of its Belara project in New South Wales. The company closed the March quarter with A$1.831 million in cash, no debt, and a refreshed leadership team, including the appointment of Will Dix as chief executive and the promotion of Chris Blaser to general manager exploration.
Drilling at the Toro-Malambo-Tambo project in Argentina accelerated with the addition of a second diamond rig and delivered a significant silver-rich, near-surface base-metal discovery at Toro Central, supported by deeper mineralised zones. Belararox also expanded its footprint through the acquisition of the El Faro tenement near Toro South and advanced target-generation work in Botswana’s Kalahari Copper Belt, as it positions its portfolio more firmly around its two Tier One exploration projects.
More about Belararox Ltd.
Belararox Ltd., listed on the ASX, is a mineral exploration company focused on Tier One-scale base and precious metal projects. Its key assets include the Toro-Malambo-Tambo (TMT) epithermal project in Argentina, copper-focused licences in Botswana’s Kalahari Copper Belt, and the Belara base metals project in New South Wales, Australia.
Average Trading Volume: 903,395
Technical Sentiment Signal: Sell
Current Market Cap: A$18.03M
See more data about BRX stock on TipRanks’ Stock Analysis page.