• Diamond drilling continuing at Toro Central to target additional high-grade silver-zinc-copper-gold mineralisation
• Drilling focused on northern part of dacite intrusion where highest-grade silver values identified
• Further work underway to determine link between high-grade polymetallic intersections and potential deeper copper porphyry target

Belararox Limited (ASX: BRX) is pleased to provide an update on exploration activities at the company's TMT Project in Argentina. Diamond drilling is continuing at the Toro Central Prospect, targeting additional high-grade silver-zinc-copper-gold (Ag-Zn-Cu-Au) mineralisation such as that previously reported from drillhole TMT-TC-DDH-002. The current drilling is focused on the northern part of the dacite intrusion where surface geochemistry shows the highest-grade silver values, and historic drilling intersected broad zones of mineralisation. Further work is being undertaken to determine the link between the high-grade polymetallic drill intersections and a potential deeper copper porphyry target. At Tambo South, recent MT/IP survey results highlight further copper porphyry potential, and field mapping is planned to refine drill targets for the 2026/2027 season. Initial interpretation and assessment of the recently acquired El Faro tenement is ongoing, with targets expected to be generated for the 2026/2027 field season.

The company remains focused on evaluating the broader copper porphyry potential and the significant upside across the wider TMT Project. Further updates will be provided as material results become available.