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MinRex Resources Limited (ASX:MRR)

ALERT: Price-sensitive ASX Announcement for MRR
Current share price for MRR : $0.016 0.002 (14.29%)+
Announcement
Release
1 Jul 2026 9:35AM
Price at Release
$0.014
Full Release
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Summary
Minrex Resources Limited has provided an update on its Tlamino Gold Project in Serbia. The company has completed twelve diamond drill holes in its 2026 drilling program with high core recovery rates and has dispatched the first batch of samples for assay. Ausenco, a global engineering group, has been engaged to lead the metallurgical testwork, building on the project's previous economic assessments. This work is critical as global copper smelting shifts increase the demand and value of Tlamino's copper-free concentrate. The ongoing metallurgical program is expected to further de-risk the project and enhance its economic viability.
Key Points
  • Minrex Resources Limited is advancing its flagship Tlamino Gold Project in southern Serbia.
  • Twelve diamond drill holes have been completed, with core recoveries averaging approximately 88%.
  • First batch of assay samples dispatched to ALS laboratory in Bor, Serbia.
  • Ausenco appointed for metallurgical testwork, bringing Balkan expertise.
  • The metallurgical program aims to advance the 2021 Preliminary Economic Assessment.
  • Structural shift in global copper smelting impacting Tlamino's concentrate value.
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.