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Belararox Limited (ASX:BRX)

ALERT: Price-sensitive ASX Announcement for BRX
Current share price for BRX : $0.035 -0.005 (-12.50%)+
Announcement
Release
23 Jun 2026 8:16AM
Price at Release
$0.040
Full Release
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Summary
Belararox Limited has conducted an airborne electromagnetic and magnetic survey using Spectrem Air's systems to identify exploration targets in the Kalahari Copper Belt. The survey was aimed at discovering conductive stratigraphic horizons and mineralised conductors. The company plans to validate these targets through drilling, expected to begin in July 2026. This initiative is part of Belararox's broader strategy to meet demand in technology and renewable energy sectors. The Kalahari Copper Project is a significant focus, with promising potential for resource development.
Key Points
  • Airborne electromagnetic (AEM) and magnetic data were acquired by Spectrem Air Proprietary Limited.
  • The survey aimed at identifying conductive stratigraphic horizons and potential mineralised conductors.
  • The data helped identify potential targets for exploration in the Kalahari Copper Belt.
  • Interpretation of the geophysical data is qualitative and requires geological validation.
  • Belararox plans to conduct drilling to validate targets identified from AEM data.
  • The company expects to have a preliminary 3D geological model soon.
  • Drilling is expected to commence in July 2026.
  • Belararox is focused on resource development for technology and renewable energy markets.
  • Kalahari Copper Project is a key focus, offering significant discovery potential.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.