Belararox Ltd. (AU:BRX) has released an update.
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Belararox Ltd. has announced a significant investment by major shareholder Denala Limited, with an agreement to purchase an additional 7.5 million shares, boosting confidence in Belararox’s TMT project in Argentina. The proceeds will foster continuing exploration and maiden drilling activities slated for November 2024 at the site, which lies between two key metallogenic belts. This move underscores Denala’s strong belief in the company’s growth and the potential of its copper porphyry targets.
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