Belararox (ASX: $BRX) Quarterly Activities Report highlights

Belararox Limited (ASX: $BRX) has released its Quarterly Activities Report for the period ended 31 March 2024, showcasing significant progress in its TMT Project in Argentina. The report highlights field work at Toro North, Toro Central, and Toro South targets, revealing significant assay results, environmental impact assessment approval, and the appointment of Dr. Steve Garwin as Chief Technical Advisor. The company also completed a A$4 million capital raise and reported cash at the bank of AUD $3.736m.

Executive Commentary on Quarterly Activities

The last quarter has seen a number of important milestones hit across our projects, and I want to congratulate our team on their hard work. Through their dedication, Belararox has been able to continue meeting and even beating the timeline we have set out to the market, especially with the initial exploration program at TMT. The recent $4m capital raise shows the support we have from the market, as it closed oversubscribed. With funding in place, we are moving rapidly ahead with exploration efforts at the TMT Project, and are on track to meet our stated goal of initiating drilling towards the end of the 2024 calendar year. We look forward to an exciting rest of CY2024 and keeping the market updated with our progress.

Summary of Quarterly Activities and Future Outlook

Belararox (ASX: $BRX) has made significant progress in its TMT Project in Argentina, with field work revealing substantial assay results and the approval of the Environmental Impact Assessment for the Malambo Target. The company also appointed Dr. Steve Garwin as Chief Technical Advisor and completed a A$4 million capital raise. Looking ahead, Belararox aims to continue the progression of soil and rock chip sampling across Tambo South's northern priority target area, interpret the outcrop and talus/colluvium sampling programs at Toro South, Toro Central, and Toro North targets, and investigate potential drill targets for future exploration drilling activities at the Bullabulling Project in Australia.