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An update from Belararox Ltd. ( (AU:BRX) ) is now available.
Belararox reported strong operational progress for the quarter to 31 December 2025, highlighted by the start of diamond drilling at the Toro Central prospect within its TMT Project in Argentina, where work is targeting a broad near-surface epithermal system defined by a 1.4 km IP chargeability anomaly. The company also completed MT/IP geophysical surveys over Toro Central and Toro South to sharpen the definition of the epithermal system and continued surveys at Tambo South to refine deeper porphyry targets, supported by zircon age-dating that aligns the project’s intrusions with the highly prospective Vicuña Belt. In Botswana, Belararox completed its maiden drilling campaign at Kareng West in the Kalahari Copper Belt, which improved geological understanding but delivered limited success in intersecting the key copper-hosting contact, prompting a review and re-planning of the next drilling phase. Financially, the company ended the quarter with A$7.1 million in cash, no debt and proceeds from a recent A$8.5 million placement, leaving it well funded for current field programmes, while board changes saw the departure of the managing director and the appointment of Chris Gale as executive director to drive its international copper exploration strategy.
The most recent analyst rating on (AU:BRX) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Belararox Ltd. stock, see the AU:BRX Stock Forecast page.
More about Belararox Ltd.
Belararox Ltd is an ASX-listed mineral exploration company focused on copper and related base metals, with key projects in the TMT project in San Juan, Argentina, and the Kalahari Copper Belt (KCB) in Botswana. The company is advancing early-stage exploration through diamond and RC drilling, geophysical surveys and geological studies aimed at defining large-scale epithermal and porphyry copper targets, positioning itself within highly prospective South American and African copper belts.
Average Trading Volume: 651,014
Technical Sentiment Signal: Sell
Current Market Cap: A$22.33M
For a thorough assessment of BRX stock, go to TipRanks’ Stock Analysis page.