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Belararox Ltd (BRX) has two Projects, being the Belara metals project and the Bullabulling gold and nickel project which are located 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.

Listing date 21 January 2022 ; 1:00PM AEDT ##
Contact details


Principal Activities Belararox Limited is a resource exploration company with a focus on developing the Belara Project in NSW and the secondary Bullabulling Project tenements located in WA.
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).
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