Belararox - BRX (ASX) News & Expert Insights from Stockhead

Belararox Limited (ASX: BRX) is a mineral explorer focused on securing and developing resources to meet the surge in demand for critical metals from the technology, battery and renewable energy markets. The company’s projects, located in Australia and Argentina, currently include the potential for zinc, copper, lithium, gold, silver, nickel and lead resources.

In Australia, Belararox’s current primary focus is the development of its flagship Belara/Native Bee project, which is located near Dubbo, New South Wales, in the East Lachlan Orogen. Belararox has already reported a Maiden Combined Inferred Mineral Resource estimate of 5.0Mt at 3.41% ZnEq from two deposits within this project that are each associated with a historical mine. Exploration activities at the Belara/Native Bee project are ongoing, with its mineralisation yet to be constrained along strike and at depth.

Belararox’s other Australian-based asset is the highly prospective Bullabulling gold and lithium project, located in Western Australia’s Eastern Goldfields. An exploration campaign has commenced at Bullabulling, which is surrounded by a number of notable lithium projects and prospects, including Future Battery Minerals’ (ASX:FBM) Kangaroo Lithium Project, the historical Ubini Mine and the Red Panda Prospect.

In Argentina, Belararox more recently acquired the highly prospective Toro, Malambo and Tambo (TMT) project. This asset is in a region of the country’s San Juan Province, where exploration activities have focussed on the underexplored gap between proven deposits in the El Indo Metallogenic Belt and the Maricunga Metallogenic Belt. Belararox has already identified multiple prospective targets within its TMT project. These will be explored in an expansive exploration programme run by an experienced Belararox team already on the ground in Argentina.

KEY PEOPLE

Mr Warburton is a graduate of the Western Australia School of Mines with an Associate Degree in Mining Engineering. He is a Fellow of the Australian Institute of Company Directors, Member of the Australian Institute of Mining and Metallurgy, Chairman of the Australian Mining and Prospectors Hall of Fame Foundation, Councillor of the Western Australian School of Mines Alumni association and serves as a director on several smaller private companies.

Mr Warburton has worked within the mining industry his entire career in roles ranging from underground miner through to senior mining engineer to executive and non-executive directorships managing large mining and contracting companies. He has over 40 years of experience in all areas of mining operations.

Over the period 2000-2012, Mr Warburton held senior positions with Barminco Limited culminating in his appointment as Chief Executive Officer from August 2007 to March 2012. During his time at Barminco, he managed the day-to-day Australian operations and coordinated the international expansion into West Africa and Egypt, establishing the company as the largest underground hard rock contractor in Australia and West Africa and more than doubling Barminco’s revenue.

Prior to joining Barminco, Mr Warburton held several senior corporate positions included serving as Managing Director of Coolgardie Gold NL from 1990 to 1995.

The Board considers that Mr Warburton is an independent Director.

An experienced mining engineer with over 30 years’ industry experience. He has gained his experience working through numerous high-profile projects for RIO Tinto, BHP Mitsubishi Alliance, Mount Isa Mines (Glencore), Anglo American (Zambia), Griffin Coal, Norseman Gold, Brandrill Limited and India Resources Limited.

Exploration geologist with 25 years’ experience and an extensive track record of successfully managing exploration teams.

A geologist with over 20 years’ experience, largely in the NSW coal and minerals sectors. He has developed a broad technical background across exploration management; resource modelling and reporting; groundwater; and structural geology.