Belararox (ASX:BRX) Refines Toro Drilling Strategy as Expanded Epithermal Target Emerges at TMT Project in Argentina

Jane Morgan Management

10 December 2025 – Perth, Australia | Belararox Limited (ASX:BRX) has today announced a refined exploration strategy at its Toro-Malambo-Tambo (TMT) Project in Argentina, with drilling at the Toro Prospect now imminent following an ongoing combined magnetotellurics (MT) and induced polarisation (IP) geophysical survey, which have expanded and strengthened the Company’s shallow epithermal target footprint. 

Belararox’s Directors, along with the Argentinian exploration team, have now reviewed the MT/IP data that has been received to date and have elected to prioritise drilling the shallow epithermal targets at Toro Central, rather than initially drilling a deeper copper porphyry target at Toro South. 

The decision follows identification of a broad near-surface chargeability anomaly that is increasing in both size and intensity southward from mineralisation intersected in historical drilling, which is now interpreted as a coherent shallow epithermal target extending from Toro Central into Toro South. The Company’s ASX announcement stated that confirmation of a continuous system could represent material upside for the TMT Project. 

Executive Director Chris Gale commented: “I am very excited by the prospects of the TMT project in Argentina. The main reason for joining the BRX team was the strong potential for discovery in one of the world’s best-known copper/gold jurisdictions. The exploration team has carried out some high-quality work to identify some excellent drill targets. Drilling will commence in the coming week, and we expect to receive assay results by early February. This is an incredibly exciting time for Belararox and its shareholders. 

Exploration Manager Chris Blaser commented: “The ongoing combined magnetotellurics (MT) and induced polarisation (IP) geophysical survey at Toro is rapidly expanding our understanding of the mineralised epithermal system, revealing a continuous and strengthening >1,200 m anomaly extending from Toro Central through to Toro South. With the LF230 diamond drilling rig now mobilising to site, we are excited to commence drilling imminently and look forward to delivering first assay results in early February 2026. An initial program of at least four ~700m diamond drill holes is planned, designed to test the most intense portion of the new, larger ~1.2km-long mapped target footprint. Drilling activities will continue through the Christmas and New Year period.”

Drilling of the shallow epithermal targets at Toro Central will commence immediately, with a diamond drill rig now mobilised tos ite. First assay results are expected in early February 2026, and drilling is planned to continue through the Christmas and New Year period. Belararox advised an initial program of at least four ~700 metre diamond drill holes is planned, designed to test the most intense portion of the new, larger ~1.2 kilometre-long mapped target footprint. 

The epithermal target is interpreted from historical drilling and recent surface sampling and is characterised by Au-Ag-Pb-Zn-bearing (intermediate-sulfidation) mineralisation, potentially linked to a porphyry centre. The Company’s ASX announcement noted that preliminary IP results indicate the chargeability anomaly aligns with higher-grade Ag, Cu and Au mineralisation zones intersected in a historical diamond drill hole completed in 2013 by Votorantim (ARRSLD0001). The anomaly appears continuous over at least 1,200 metres of strike, connecting Toro Central to Toro South. 

The announcement also outlined the broader project setting, noting the TMT Project is in Argentina’s San Juan Province in an unexplored area between the El Indio and Maricunga metallogenic belts. Toro Central and Toro South sit at the junction of two major regional faults and are located approximately 20 kilometres southeast of ATEX Resources’ Valeriano Project. 

ABOUT BELARAROX LIMITED (ASX:BRX) 

Belararox is a mineral explorer focused on securing and developing resources to meet the surge in demand from the technology, battery, and renewable energy markets. Our projects currently include the potential for copper, gold, silver and zinc resources. 

The Company's portfolio includes the TMT Project in Argentina, targeting copper, gold and other metals, a recent acquisition in Botswana's Kalahari Copper Belt, the Belara project in New South Wales, focused on zinc and copper, and the Bullabulling project (under Option to Minerals 260) in Western Australia, targeting gold.

Jane Morgan
Jane Morgan Management
Investor & Media Relations
[email protected]