Belararox (ASX:BRX) TMT Project Earthworks Commencement

Belararox Limited (ASX:BRX) has initiated earthworks at the Toro Malambo Tambo (TMT) project in Argentina. The company has executed an earthworks agreement with an established civil contractor to commence roadworks for drilling sites at the TMT project. Brig S.R.L. has been mobilised to the TMT site to commence road works prior to the commencement of drilling operations, with staff mobilisation and camp re-commissioning scheduled for early October 2024. Drilling contract negotiations with a local contractor are nearing completion, and drilling is scheduled to commence in late October or early November 2024.

Belararox Managing Director's Commentary on TMT Project Progress

11 / am delighted with the excellent work achieved by GWK and its management team in arranging the execution of the key contracts to enable the commencement of drilling operations at the TMT Project. In particular, / welcome the initiative and support of the management of Brig S.R.L. in agreeing to undertake the earthworks at Tambo South and Malambo to receive 50% of their fees in BRX shares, which reflects their belief in the project.

Belararox (ASX:BRX) TMT Project Earthworks Summary

Belararox Limited (ASX:BRX) has finalized an earthworks agreement to prepare the TMT project in Argentina for drilling at the Malambo and Tambo South targets. The company's wholly owned subsidiary, GWK Minerals SA(GWK), has entered into an agreement with Brig S.R.L., an Argentinian contractor, to carry out earthworks. The project aims to commence drilling at the Tambo South and Malambo Project sites, following recent assay results confirming the presence of copper/gold porphyry targets. The TMT project, located in an underexplored area, is set to undergo extensive exploration to meet the surge in demand from the technology, battery, and renewable energy markets. The company's Managing Director, Arvind Misra, expressed satisfaction with the progress and highlighted the support of Brig S.R.L. in undertaking the earthworks at Tambo South and Malambo. The TMT project's strategic location between two renowned metallogenic belts positions it for significant potential in mineral exploration and development.