Drilling At Toro Central Has Commenced

• Diamond drilling has commenced at Toro Central, targeting a broad, near-surface epithermal system
• The chargeability anomaly strengthens toward Toro South, aligning with historical mineralised intersections
• The MT/IP survey at Toro South is now complete, with interpretation underway to advance targeting of deeper copper-porphyry potential

Belararox Limited (ASX: BRX) has commenced diamond drilling at the Toro Central target within its TMT Project in Argentina. The drilling is targeting a broad, near-surface epithermal system defined by a strong, continuous IP chargeability anomaly extending over approximately 1.4 km. The chargeability anomaly strengthens toward Toro South, aligning with historical mineralised intersections and defining a largely untested, highly prospective shallow epithermal target from Toro Central into Toro South. The MT/IP survey at Toro South is now complete, with interpretation underway to advance targeting of deeper copper-porphyry potential. Exploration Manager Chris Blaser commented that the drill bit is now turning at the Toro prospect, targeting the most compelling zone within the newly defined ~1.4 km-long target footprint extending from Toro Central through to Toro South. Drilling will continue through the festive period, and first assay results are expected in early February 2026.

The drilling over the coming months could position TMT as a highly compelling copper opportunity for the Company.