Belararox Ltd (ASX:BRX) acquires 100% of KCB Resources Pty Ltd

Belararox Ltd (ASX:BRX) has executed a binding agreement to acquire 100% of KCB Resources Pty Ltd, the owner of a large and highly prospective exploration package on the Kalahari Copper Belt (KCB) in Botswana. The project encompasses a substantial tenement package covering favorable stratigraphy and structural settings within a sediment-hosted copper mineral system, offering significant potential for large-scale copper discoveries. Belararox's objectives align with exploring, discovering, and developing large deposits in the most prospective geological settings.

Executive Commentary on Kalahari Copper Belt Project

With this acquisition, Belararox now has another copper project in another world-class metallogenic province. The Kalahari Copper Belt hosts several significant deposits, and we believe there are more to discover. Botswana is a desirable jurisdiction with great prospectivity, and the projects we have acquired are in the right geological setting to host copper and silver mineralization. I am pleased to announce the execution of an agreement to acquire rights to 4,286 km2 of highly prospective tenure across 14 prospecting licenses in the Kalahari Copper Belt, Botswana. This region, home to several world-class Cu-Ag orebodies in close proximity and along strike of our licenses, represents a significant opportunity for BRX. The acquisition secures our second exciting copper project in a highly favorable exploration and business environment. We expect to commence our exploration program immediately following. The TMT Project in Argentina remains our immediate exploration priority, with drilling expected to commence in early November.

Summary of Kalahari Copper Belt Project

Belararox Ltd (ASX:BRX) has executed a binding agreement to acquire 100% of KCB Resources Pty Ltd, securing a significant exploration package on the Kalahari Copper Belt (KCB) in Botswana. The project offers substantial potential for large-scale copper discoveries and aligns with the company's objectives to explore, discover, and develop large deposits in highly prospective geological settings. The Kalahari Copper Belt hosts several significant deposits, and the acquisition secures Belararox's second exciting copper project in a highly favorable exploration and business environment. The company remains on track to commence maiden drilling at its 100% owned TMT Project in Argentina in October 2024, demonstrating its commitment to exploring and developing resources to meet the surge in demand from the technology, battery, and renewable energy markets.