MinRex Completes RC Drilling at Fraser Range Copper Gold Project, Assays Due in August


 

MinRex Resources Limited (ASX: MRR) has successfully wrapped up its maiden reverse circulation (RC) drilling program targeting copper-gold and base metal prospects at the Fraser Range Project in Western Australia. Located about 120 km north-east of Esperance, the campaign drilled nine holes totaling 1,958 m to test five high-priority geophysical targets—including Iron Oxide Copper Gold (IOCG) and Broken Hill Type (BHT) systems—within the Albany-Fraser mobile belt

The drilling campaign, fully funded through MinRex’s farm-in option agreement with West Cobar Metals (ASX: WC1), marks a significant step in MinRex’s strategy to secure a 50% stake in the project. According to Technical Director Ian Shackleton, the program was executed safely and successfully, with samples now heading to the lab for assays, which are expected in early August 2025 The selection of drilling sites was based on reinterpretation of magnetic, gravity, and electromagnetic data, which helped pinpoint five anomalies for testing. These anomalies are geologically significant as they mirror the structural and lithological settings of major ore systems like Nova-Bollinger, Mt Isa, and Broken Hill

. The area's prospective geology and structural architecture support the potential for large-scale IOCG and BHT mineralization.

Moving forward, MinRex has three months from the date of assay receipt to decide whether to exercise its option to acquire a 50% interest in the project. The expected assay results will be critical in evaluating economic potential and guiding future exploration phases.

Next Steps & Investor Outlook:

  • Assay results due in early August: These will determine the copper-gold tenor and continuity of mineralisation.
  • Farm-in decision looms: Based on assay outcomes, MinRex may choose to earn a 50% stake in the project.
  • Strategic positioning: The Fraser Range program reinforces MinRex’s commitment to exploring Tier-1 mineral systems with greenfields potential in Australia.

This milestone highlights MinRex's systematic approach and value-driven strategy in mineral exploration. with assay outcomes expected soon.

 

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