Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Belararox Limited (ASX: BRX) has announced geophysics results confirming a copper porphyry system at the Malambo Prospect within its Toro-Malambo-Tambo Project in San Juan Province, Argentina. A drone-flown magnetics survey conducted by DAMS Geophysics in December 2024 identified two high-magnetic zones consistent with porphyry systems.
Drilling will commence soon, with Hole 1 targeting a deep anomaly and structural intersections, while Hole 2 will focus on a shallow geophysical anomaly aligning with porphyry system models. Managing Director Arvind Misra emphasized that the results strongly support the selected drill sites. With upgraded access roads meeting safety standards, Belararox is set to advance its exploration efforts to uncover the source of these promising anomalies.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.