Belararox Mobilizes Second Drill Rig to Accelerate TMT Project Exploration in Argentina
Belararox Limited (ASX: BRX) is expanding its drilling program at the TMT Project in Argentina with a second diamond rig. This rig will expedite drilling at Toro Central and target both shallow epithermal and deeper porphyry systems. Three drill holes at Toro Central have been completed, with first assay results expected in early March 2026. Additional geophysical surveys at Tambo South are underway to refine future drilling targets. The company reported A$7.10 million in cash reserves as of December 2025.
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Belararox Limited is accelerating its drilling program at the TMT Project in Argentina by mobilizing a second diamond rig. This rig is set to begin operations in early March 2026 and will focus on follow-up drilling at Toro Central, where three drill holes have been completed, with first assay results anticipated soon.
The existing rig is drilling at Toro South, targeting a shallow epithermal system over a larger copper porphyry target. Completed magnetotelluric and induced polarization surveys at Tambo South will inform future drilling strategies. Belararox reported cash reserves of A$7.10 million and zero debt at the end of December 2025.
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