BRX.ASX: Completes $8.5m placement to accelerate copper exploration

Completes $8.5m placement to accelerate copper exploration

Stock	Belararox Ltd (BRX.ASX)
Release Time	2 Jan 2026, 2:14 p.m.
Price Sensitive	Yes

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Belararox completes $8.5m placement to accelerate copper exploration

Key Points

Completed 2-tranche $8.5m placement to fund accelerated exploration at TMT Project in Argentina
Drilling activities commenced at TMT Project in early December
Focused on securing and developing resources to meet surge in demand from technology, battery and renewable energy markets

Full Summary

Belararox Limited (ASX: BRX) has announced that it has completed the 2-tranche $8.5 million placement that was originally announced to the Australian Securities Exchange on 15 September 2025. The second tranche of the placement was approved by shareholders at the 2025 Annual General Meeting. The company confirms that drilling activities commenced at the TMT Project in Argentina's San Juan Province in early December. The TMT Project is located between the prolific El Indo and Maricunga Metallogenic Belts, and Belararox has already identified numerous promising targets within the project. The company is focused on securing and developing resources to meet the surge in demand from the technology, battery, and renewable energy markets. Belararox's portfolio includes the TMT Project in Argentina, a recent acquisition in Botswana's Kalahari Copper Belt, the Belara project in New South Wales, and the Bullabulling project (under Option to Minerals 260) in Western Australia.