• Drill program accelerated and expanded with a second diamond rig
• Existing rig now drilling at Toro South, targeting epithermal and porphyry targets
• Second rig to commence in early March to fast-track drilling at Toro Central

Belararox Ltd is pleased to provide an update on exploration drilling and other work at its TMT Project in Argentina. Drilling of shallow epithermal targets is progressing well at Toro Central, with the first three holes now completed. The deep-capacity drill rig has now moved to Toro South to test a shallow epithermal target overlaying a potential deeper copper porphyry target. To accelerate the program, Belararox has decided to mobilise a second diamond drill rig to the project to continue testing the epithermal target at Toro Central and maximise the current field season. The Toro South target comprises a large 1.5 x 1km surface area with anomalous copper, gold and silver. Geophysical data from the recently completed MT/IP survey have been integrated into the updated exploration model and highlight a shallow epithermal target, overlying a deeper porphyry target. At Tambo South, the combined MT/IP survey has been completed, and advanced 3D interpretation is ongoing to refine drill targets for December 2026. First assays from the Toro Central drilling are expected in early March 2026, and further updates will be provided as material results become available.

Belararox is accelerating exploration at the TMT project, with a second drill rig being mobilised to fast-track follow-up drilling at Toro Central. The company is focused on testing both shallow epithermal and deeper porphyry targets across the project area.