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MinRex Resources Limited (ASX:MRR)

ALERT: Price-sensitive ASX Announcement for MRR
Current share price for MRR : $0.016 -0.008 (-33.33%)+
Announcement
Release
22 Jan 2026 8:21AM
Price at Release
$0.024
Full Release
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Summary
MinRex Resources Limited, through its wholly-owned subsidiary Electrum Discovery Corporation, has identified priority geophysical targets at the Timok East Copper-Gold Project in Serbia. Using Audio-Magnetotellurics (AMT) surveys, conducted by 3D Consulting-Geo GmbH, two high conductivity zones were located at depths of approximately 250 to 550 meters, suggesting potential concealed porphyry copper-gold systems. The survey results, which also align with age-dated andesite consistent with the Timok Magmatic Complex, increase the project’s exploration potential. This development follows MinRex’s agreement to acquire Electrum Discovery, which is expected to accelerate exploration efforts in the region【6:4†03048029.pdf】.
Key Points
  • MinRex Resources Limited plans to merge with Electrum Discovery.
  • AMT survey results identified two high conductivity zones at Timok East.
  • Potential for concealed porphyry copper-gold systems.
  • Survey conducted by 3D Consulting-Geo GmbH.
  • Age-dated andesite aligns with Timok Magmatic Complex.
  • Merger expected to accelerate exploration efforts.
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.