MinRex Wraps Up Maiden RC Campaign at Fraser Range Ahead of Crucial Assays


 

MinRex Resources Limited (ASX: MRR) has concluded its inaugural reverse circulation (RC) drilling program targeting copper-gold and base-metal prospects at its Fraser Range Project, located approximately 120 km northeast of Esperance, WA. The campaign comprised nine holes totaling 1,958 m, drilled across five high-priority targets within the geologically favorable Albany‑Fraser belt.

Supported under a farm-in agreement with West Cobar Metals (ASX: WC1), the program aimed to test both Iron Oxide Copper Gold (IOCG) and Broken Hill Type (BHT) targets. These deposit styles underpin major global producers and exhibit strong potential in this region.

Technical Director Ian Shackleton confirmed that drilling was completed safely and efficiently, with samples now dispatched to laboratories. Assays are anticipated in early August 2025, providing critical data on mineral grades and distribution, which will inform MinRex’s decision to exercise its farm-in and potentially acquire a 50% interest.

Target selection leveraged reinterpreted magnetic, gravity, and electromagnetic survey data, enabling accurate placement of drills on structurally rich zones analogous to Tier-1 ore systems.

Pending results will determine MinRex’s next strategic steps, including deeper RC or diamond drilling at promising targets. The farm-in agreement grants a three-month decision window post-assay to advance a future stake acquisition.

This campaign signals MinRex’s commitment to systematic exploration of high-potential ground, and securing positive results could materially enhance shareholder value in a region gaining renewed attention for critical-endowed material systems.

 

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