Belararox Limited announced the initial metallurgical testwork results from the Phase 1 resource drilling at the Belara Project. The testwork aims to build upon drilling results to determine the potential of the Belara Project to host significant zinc and copper mineralisation. Summary of Metallurgical Test Work Diamond drill core intervals representative of a lower grade mill feed, from early drill testing on the Belara project, were composited to form a single 23kg Master Composite, then were subjected to metallurgical characterisation and flotation testwork1.

This composite was obtained from early drill holes BLDD001 and BLDD002a drilled as part of the Phase 1 drilling program for Belara. These drill holes are considered to represent typical polymetallic stratiform sulphide mineralisation for Belara, albeit at lower grades compared to later drilling on the project. Subsequent drilling has identified higher grades e.g. BLDD028 - 3.0m at 11.17% Zn, 1.69% Cu, 2.25% Pb, 88.13g/t Ag, and 1.68 g/t Au.

Testwork was conducted at Auralia Metallurgical Laboratories under the management of JT Metallurgical Services with the key outcomes being the derivation of a flowsheet and reagent conditions capable of producing saleable copper (>20%), lead (>30%), and zinc (>50%) concentrates. A total of eight Cu-Pb-Zn sequential flotation tests have been conducted to date with the flowsheet reflecting the historic Woodlawn polymetallic operation, noting geological and mineralogical similarities of the two projects. Flotation feed grind size and reagent regimes were assessed in open circuit tests in lieu of future locked cycle testwork.

A flotation feed size of P80 53 micron was required followed by regrinding each of the rougher concentrates to sub P80 20 micron to achieve sufficient mineral liberation prior to two stage cleaning. Test 8 results are still outstanding. Saleable concentrate grades were achieved on this low-grade composite at comparable recoveries to Woodlawn.

and 5. Quantitative mineralogical studies are currently underway to define the deportment of target minerals in tailings streams to improve recovery and non-target minerals in concentrate streams to improve concentrate grade. Pyrrhotite was identified in AXT Mineralogical studies on pieces of core, with magnetic separation tests determining that the pyrrhotite was magnetic. A 20% by mass pyrrhotite rich magnetic concentrate was generated via a single stage magnetic separation test at minimal lead losses (3.8%).

Cleaning stages are expected to reduce these losses. The successful flowsheet and reagent regime can now be applied to variability samples generated from the current diamond drill program.