BRX - Belararox Limited

[System]

The Belararox Projects, being the Belara metals project (Belara Project) and the Bullabulling gold and nickel project (Bullabulling Project) are located in Australia, in New South Wales and Western Australia, respectively. The Belara Project is located in Central NSW, approximately 50km east of Dubbo and the Bullabulling Project, which has early-stage gold and nickel exploration potential and surrounds the 3Moz Bullabulling Gold Mine, is located 26km west of Coolgardie.

Belararox directly owns 100% of both projects and there are no subsidiary entities or associated external royalties. The Belara Project covers an area of approximately 643km2 comprising a granted exploration licence and two exploration licence applications. The Bullabulling Project comprises a package of 26 granted prospecting licences located close to the Bullabulling Gold Mine.

Both Project areas have been targeted using spatial data modelling machine learning techniques, which means they have similar geological features to operating mines in their regions. This means that exploration of the projects can be accelerated, with targets identified for immediate drill testing. Land access has been approved and the Company's aim is to identify a 2012 JORC compliant resource for the Belara project as soon as possible after listing on the ASX.

The Belara Project is a highly prospective near-term base metal opportunity. Mineralisation has previously been intersected near-surface and at depth, indicating good grade continuity within the ore body. The Bullabulling Project is early stage, with limited previous exploration work. The tenements sit on similar lithological and structural markers as the nearby Bullabulling gold deposits.

It is anticipated that BRX will list on the ASX during January 2022.

Belararox Limited

Belararox (BRX) is a mineral explorer focused on securing and developing resources to meet the surge in demand from the technology, battery and renewable energy markets. Our projects currently include the potential for zinc, copper, gold, silver, nickel and lead resources.

www.belararox.com.au

 

[Dona Ferentes]

Listing date	21 January 2022 ; 1:00PM AEDT ##
Contact details	https://www.belararox.com.au/site/content/ Ph: +61 417 934 998
Principal Activities	Belararox Limited is a resource exploration company with a focus on developing the Belara Project and the secondary Bullabulling Project tenements located in New South Wales and Western Australia respectively.
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	BRX
Capital to be Raised	$6,000,000
Expected offer close date	06 December 2021
Underwriter	Not underwritten. Novus Capital Limited (Lead Manager).

 

[Miner]

BRX listed today. Price is level
Noticed the directors have put their skin on the game.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02479945-6A1074242?access_token=83ff96335c2d45a094df02a206a39ff4

https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02478975-051Q8G9KL6B82IC9RQ15NG4F0Q/pdf?access_token=0007os0B6PQpVrfBKZzhwMCfQOBh

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02480117-6A1074312?access_token=83ff96335c2d45a094df02a206a39ff4

 

[Miner]

VMS veteran and freshly listed Belararox chairman Neil Warburton has high hopes for the Belara zinc-copper project - Stockhead

The company plans to report the upgraded resource mid-year, with the IPO funding around 5,600m of drilling to kick off late February.

stockhead.com.au

 

[Country Lad]

The report today essentially says that they have some ground to explore, had a look at a few rocks and will do some drilling very soon.
The price has been steadily increasing, up 13% today and 450% since listing. @Miner, you are more intelligent about these things than I, what am I missing here - something must have happened since listing?

 

[Miner]

The report today essentially says that they have some ground to explore, had a look at a few rocks and will do some drilling very soon.
The price has been steadily increasing, up 13% today and 450% since listing. @Miner, you are more intelligent about these things than I, what am I missing here - something must have happened since listing?


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@Country Lad
I hope BRX will do as market expecting.
Personally, I am very nervous to put on the management of BRX having lost some $25K or so on IRL ( now delisted) in the past.
I hope lessons learnt, and BRX will get values. But not me due to past experience.
BTW, don't say me being intelligent as you can see my stupidity to trust on IRL management then. Also my wife will be offended to learn that you thought me being intelligent. Even after being married for 36 years she still to be convinced that I as an intelligent person (because I married her on first sight) 😀😃🙂🙃😊

 

[greggles]

The last three and a half months haven't been kind to BRX, but they look to be slowly turning the ship around. Recent RC drilling has returned high grade massive sulphide intersections at the Belara mine in the Lachlan Fold Belt, NSW.

The Phase One program is still underway and should be completed by the end of this month. Further assay results are on the way and are expected to be announced by the end of August.