Belararox Ltd. announced the identification of potential LCT mineralisation in its Bullabulling tenements, which were already considered highly prospective for gold. Belararox Limited's 100%-owned Bullabulling Project comprises 26 tenements over 50km2 to the west of Coolgardie in Eastern Goldfield of Western Australia, was initially considered prospective for gold deposits. The recent identification of pegmatites in the Bullabulling Project has underpinned a decision by Belararox to broaden its exploration activities at this prospect.

The Company is now also assessing the potential of Lithium- Caesium-Tantalum (LCT) pegmatites across these tenements. The regional location of the Project in relation to peer Lithium Mineral Resources. The current global focus on battery metals, has targeted attention on the greenstone belts of the Yilgarn Craton as fertile corridors for LCT pegmatites.

Several pegmatites have been mapped by the GSWA within, and in proximity, to the Bullabulling Project. The Bullabulling Project area comprises a sequence of ultramafics and mafic rock, which have been folded and thrust repeatedly. The mafics are the main host for gold mineralisation, including at the nearby Bullabulling and Gecko gold mines.

Both 3D and 2D mineral potential modelling has identified several high priority targets related to west dipping contact between ultramafic and mafic units. These targets are still a priority for the Company. The Bali Monzogranite, in the east of the tenements, is a highly fractionated granite body associated with pervasive post-gold pegmatites and quartz veining.

Both Ubini and Red Panda are located some 2km north of the main grouping of Bullabulling's eastern tenements in a similar geological setting with quartz and pegmatite veins in mafic rocks and both are considered an analogue for potential LCT mineralisation within the Bullabulling Project. Initial reconnaissance mapping on the Bullabulling Project has confirmed extensive quartz and pegmatite veins/sheets in the amphibolite units adjacent to the Bali Monzogranite in similar settings to the Red Panda and Ubini LCT pegmatites. Field mapping and Portable X-Ray Fluorescence ("XRF") surveying was conducted over the contact with Bali Monzogranite targeting both mafic rocks, fractionated granite, and quartz/pegmatite veins/float with rock chip samples collected at selected sites.

Assay results from samples of quartz and pegmatite will be assessed in conjunction with XRF data collected during the reconnaissance work. Given the significant amount of vein material identified in both outcrop and as float, the Company considers that further appraisal of the potential for LCT pegmatites is warranted. Figure 5 highlights some of the higher priority target quartz veins and pegmatites identified during reconnaissance mapping.

The main target area for pegmatite material comprises a corridor at the contact between the Bali Monzogranite in the east and the amphibolite rocks to the west, within the main eastern package of tenements of the Bullabulling Project. The western tenements will also be assessed for potential pegmatite occurrences.