Board Change • Jul 15
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director James Pearse was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 29
Third quarter 2026 earnings released: EPS: AU$0 (vs AU$0 in 3Q 2025) Third quarter 2026 results: EPS: AU$0 (in line with 3Q 2025). Net loss: AU$471.7k (loss narrowed 11% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Mar 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 66% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 5.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Revenue is less than US$1m (AU$18k revenue, or US$13k). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (AU$36.1m market cap, or US$25.9m). Reported Earnings • Feb 18
First half 2026 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2025) First half 2026 results: AU$0.001 loss per share (in line with 1H 2025). Net loss: AU$736.2k (loss narrowed 44% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jan 10
Independent Non-Executive Director recently bought AU$211k worth of stock On the 9th of January, Glenn Whiddon bought around 13m shares on-market at roughly AU$0.017 per share. This transaction amounted to 51% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$225k more in shares than they have sold in the last 12 months. New Risk • Jan 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 16% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.2m free cash flow). Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m (AU$32k revenue, or US$22k). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (AU$18.4m market cap, or US$12.4m). Tillkännagivande • Jan 06
MinRex Resources Limited (ASX:MRR) agreed to acquire Electrum Discovery Corp. (TSXV:ELY) for CAD 11.6 million. MinRex Resources Limited (ASX:MRR) agreed to acquire Electrum Discovery Corp. (TSXV:ELY) for CAD 11.6 million on January 5, 2026. The consideration consists of 966.67 million common equity of MinRex Resources Limited at a ratio of 7.900364 per common equity of Electrum Discovery Corp. As part of consideration, an undisclosed value is paid towards common equity of Electrum Discovery Corp. In case of termination of transaction, MinRex Resources Limited will pay a termination fee of CAD 0.25 million and seller will pay a termination fee of CAD 0.25 million. All Electrum Convertible Securities will be cancelled, and holders will receive MinRex Shares equal to the fair value of their securities, calculated using a Black & Scholes valuation. A total of 87,009,759 MinRex Shares will be distributed to holders on a pro rata basis after cancellation. A total of CAD 0.1713 million of finders’ fees are payable by Electrum in relation to the Transaction. As part of this integration, Elena Clarici, President and CEO of Electrum, will join the MinRex board as an executive director, while Michael Thomsen, currently a non-executive director of Electrum, will be appointed as a non-executive director on the MinRex board. Under the terms of the Transaction, Electrum Securityholders will collectively own approximately 49.3% of the ordinary shares of the Resulting Issuer, while holders of MinRex Shares will own approximately 50.7% of the Resulting Issuer Shares. Upon completion of the Arrangement, Electrum Shares are expected to be delisted from the TSX-V, Frankfurt Stock Exchange and the OTCQB Venture Market.
The transaction is subject to approval by regulatory board, approval of offer by target shareholders and subject to court approval. Electrum's board of directors, in consultation with Electrum's financial and legal advisors, unanimously recommends that Electrum’s Securityholders vote in favour of the Transaction. The expected completion of the transaction is in March, 2026
RwE Growth Partners, Inc. acted as fairness opinion provider for Electrum Discovery Corp. Gowling WLG LLP acted as legal advisor for Electrum Discovery Corp. Thomson Geer acted as legal advisor for Electrum Discovery Corp. Steinepreis Paganin acted as legal advisor for MinRex Resources Limited. Farris LLP acted as legal advisor for MinRex Resources Limited. Tillkännagivande • Oct 08
MinRex Resources Limited, Annual General Meeting, Nov 28, 2025 MinRex Resources Limited, Annual General Meeting, Nov 28, 2025. New Risk • Sep 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.2m free cash flow). Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m (AU$532k revenue, or US$349k). Market cap is less than US$10m (AU$9.76m market cap, or US$6.40m). Tillkännagivande • Apr 30
MinRex Resources Limited has completed a Derivatives Offering in the amount of AUD 0.227082 million. MinRex Resources Limited has completed a Derivatives Offering in the amount of AUD 0.227082 million.
Security Name: Loyalty Options
Security Type: Equity Option
Securities Offered: 97,581,533
Price\Range: AUD 0.001
Security Name: Loyalty Options
Security Type: Equity Option
Securities Offered: 129,500,000
Price\Range: AUD 0.001
Transaction Features: Rights Offering New Risk • Jan 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.1m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 53% per year over the past 5 years. Revenue is less than US$1m (AU$6.0k revenue, or US$3.8k). Market cap is less than US$10m (AU$8.67m market cap, or US$5.43m). Tillkännagivande • Jan 20
MinRex Resources Limited has announced a Derivatives Offering in the amount of AUD 0.271217 million. MinRex Resources Limited has announced a Derivatives Offering in the amount of AUD 0.271217 million.
Security Name: Loyalty Option
Security Type: Equity Option
Securities Offered: 271,216,875
Price\Range: AUD 0.001
Transaction Features: Rights Offering New Risk • Sep 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.0m free cash flow). Earnings have declined by 63% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$9.76m market cap, or US$6.70m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Tillkännagivande • Sep 20
MinRex Resources Limited, Annual General Meeting, Nov 08, 2024 MinRex Resources Limited, Annual General Meeting, Nov 08, 2024. New Risk • Mar 09
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.0m free cash flow). Earnings have declined by 63% per year over the past 5 years. Revenue is less than US$1m (AU$284k revenue, or US$188k). Market cap is less than US$10m (AU$14.1m market cap, or US$9.34m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). New Risk • Jan 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.2m (US$10.00m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 61% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$15.2m market cap, or US$10.00m). New Risk • Nov 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 61% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$27.1m market cap, or US$17.6m). Tillkännagivande • Oct 30
MinRex Resources Limited, Annual General Meeting, Nov 30, 2023 MinRex Resources Limited, Annual General Meeting, Nov 30, 2023, at 11:00 W. Australia Standard Time. Location: Level 2, 7 Havelock Street West Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2023 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to adopt the Remuneration Report; to consider election of Directors; to consider and approval of 7.1a mandate; to consider issue of incentive performance rights to director - glenn whiddon; to adopt the employee securities incentive plan; and to consider other matters. Recent Insider Transactions • Oct 07
Exploration Manager recently bought AU$58k worth of stock On the 5th of October, Ian Shackleton bought around 4m shares on-market at roughly AU$0.016 per share. This transaction increased Ian's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$137k more in shares than they have sold in the last 12 months. Tillkännagivande • Aug 24
MinRex Resources Limited Appoints James Pearse as Non-Executive Director MinRex Resources Limited announced its board has appointed James Pearse as Non-Executive Director of the Company with immediate effect. Mr. Pearse is an experienced corporate lawyer with over 10 years' experience working for national, international and boutique law firms advising Australian businesses mainly in the mining, oil & gas and technology sectors. He holds Bachelor degrees in both Law and Commerce, majoring in finance. New Risk • Aug 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.2m (US$9.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 41% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$15.2m market cap, or US$9.93m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Tillkännagivande • Jul 04
Tambourah Metals Limited (ASX:TMB) agreed to acquire 6 Eastern Pilbara tenements from MinRex Resources Limited (ASX:MRR) for approximately AUD 0.15 million. Tambourah Metals Limited (ASX:TMB) agreed to acquire 6 Eastern Pilbara tenements from MinRex Resources Limited (ASX:MRR) for approximately AUD 0.15 million on July 3, 2023. Tillkännagivande • May 24
MinRex Resources Limited Announces Board Changes MinRex Resources Limited announced that the Company has received resignations from Directors Alex Krstic (effective immediately) and George Karageorge (with effect from 15 August 2023). As previously announced, upon the commencement of Robert Boston as Managing Director, George Karageorge will step down as Managing Director and CEO and become Non-Executive Chairman until his resignation becomes effective on 15th August 2023. The Company has resolved to accept the appointment of Glenn Whiddon as a Non-Executive Director effective immediately. Recent Insider Transactions • Apr 06
Insider recently bought AU$94k worth of stock On the 30th of March, Conrad Karageorge bought around 6m shares on-market at roughly AU$0.016 per share. This transaction amounted to 49% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$80k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 21
Non-Executive Director recently sold AU$64k worth of stock On the 16th of February, Alex Krstic sold around 2m shares on-market at roughly AU$0.032 per share. This transaction amounted to 57% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Tillkännagivande • Feb 15
MinRex Resources Limited Announces Maiden RC Drilling Results from Coondina Rare Earth Project MinRex Resources Limited announced the first RC drilling results targeting the rare earth elements over the Coondina Li-Sn-Ta-REE Project (E45/4266). The first-pass drilling was designed to target the historic tin-tantalum workings operated by Greenbushes Limited until 1987. Highlights: The company has completed the maiden drilling program over the historic tin workings at the Coondina Project in the East Pilbara; The program comprised drilling 80 shallow vertical RC holes for 1,760m to test for rare earth element (REE) mineralisation, which represent a minor portion of the prospective area of the tenement E45/4266; Drilling was undertaken on 7 lines across and limited to the disturbed historic tin-tantalum mining area; Assays have been received for a suite of elements including Total Rare Earth Elements (TREE). Notable intercepts include: 12m at 730ppm TREE from 3m (CNRC052); 9m at 564ppm TREE from 3m (CNRC054); 6m at 567ppm TREE from 6m (CNRC056); 6m at 640ppm TREE from 6m (CNRC060); The drilling results confirm the company's view that the potential of the remainder of the Coondina Project to host REE. Tillkännagivande • Feb 08
Minrex Resources Limited Announces Board Changes MinRex Resources Limited announce its board has appointed Alex Krstic as Non-Executive Director, commencing in the role immediately. His appointment rounds out a two-month recruitment program undertaken by the Company. Mr. Krstic brings vast commercial and operational experience to the MinRex team, having worked in senior roles across the critical minerals, energy and iron ore sectors in Australia and abroad. An engineering professional with strong business and commerce credentials, companies he has worked with include lithium player Pilbara Minerals, Iron Ore giant Fortescue Metals Group, and Chevron - KJVG Gorgon joint venture. He also spent a decade working with ENC Consulting Group, a professional and technical advisory firm providing expert independent advice and support services to the resources sector in Australia and Asia, most recently as Executive Director of Operations. Mr. Pedro Kastellorizos has also resigned from his position as Non-Executive Director. Tillkännagivande • Dec 13
MinRex Resources Limited Announces Exploration Update Tambourah & Talga Lithium Projects MinRex Resources Limited announced the commencement of RC drilling at the Tambourah North Project along with the completion of drilling over the Talga- Moolyella North Lithium-Tin-Tantalum Project near Marble Bar. Drilling over the Tambourah North Project has now commenced, with a total of 10-12 RC proposed drillholes totaling approximately 1,540m. MinRex will target Zone 1 which mainly consist of spodumene rich pegmatites hosted within the Apex Basalt located in the northern portion of the tenement which yielded rock chip samples consisting of MRR028: 2.56% Li2O, 1.59% Li, 1,293 ppm Rb, 115 ppm Cs, 40 ppm Ta. The company has also completed the first pass RC drill program over the Talga- North Moolyella Project. The total program consisted of 39 RC holes, totaling 2,825m. The drilling targeted the following: Western, Northern and Eastern Pegmatite Zones tested the stacked Pegmatites outcropping over highly elevated Li soil anomalies that have never been drill tested; intersection is extensive surface area comprising outcropping stacked pegmatites over the 3 zones with the series of stacked pegmatites over an area of up to 1.3km in length by 390m in width; Eastern Zone Pegmatite on drill hole MBRC047 intersected three Pegmatites at 0-14m, 20m-25m, 42m-46m in muscovite-albite-garnet-blue quartz pegmatite. Tambourah North Lithium Project: Tambourah is located approximately 200 km south southeast of Port Hedland and 80km southwest of Marble Bar within the Pilbara Mineral Field. The Tambourah project area has become a lithium exploration hub with recent maiden RC drilling programs launched by Infinity Mining Limited, Rivers Gold Limited and Trek Metals Limited all confirming spodumene rock chip and RAMON tested high grade lithium assay results and petrophysical identification. The company will drill untested Zone 1, a series of stacked sheeted pegmatites hosting spodumene striking 450 over 300 metres with approximately 50m in width were located within the Apex Basalt Greenstone Belt. The proposed drill program will comprise 10 RC drill holes, totaling 1,540m to test the outcropping high-grade lithium bearing pegmatites identified from the initial rock chip sampling program reported in April 2022. Talga - North Moolyella Lithium-Tin-Tantalum Project: The North Moolyella Project is situated 5km west of Global Lithium Ltd. Archer Lithium Deposit, which hosts 10.5Mt at 1.0% Li2O and 4km SSW of the historical Moolyella Tin Fields. The Talga-North Moolyella RC 39 drill hole pilot program was completed in early December 2022 with targeted drilling over highly elevated lithium soil anomalies extended east from the Global Lithium Limited Archer lithium deposit. Drilling intersected coarse-grained individual pegmatites ranging from 2m to 24m width yielding multiple intersections of Pegmatite in drill holes with differing composition in muscovite, feldspars and garnet rich mineralogy. Tillkännagivande • Dec 11
MinRex Resources Limited Announces Executive Changes MinRex Resources Limited announced that Mr. Johnathon Busing has been appointed as company secretary, replacing Mr. Kavi Bekarma. Mr. Busing specialises in advising ASX listed companies on compliance, mergers and acquisitions, consulting and statutory accounting requirements. Mr. Busing is currently company secretary for several ASX listed entities. He is a member of Chartered Accountants Australia and New Zealand and holds a public practice certificate. Board Change • Nov 16
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). MD, CEO & Director Conrad Karageorge is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Tillkännagivande • Nov 10
Minrex Resources Limited Commences RC Drilling At the North Moolyella Lithium-Tin-Tantalum Project MinRex Resources Limited announced the commencement of RC drilling at the North Moolyella Lithium-Tin-Tantalum Project near Marble Bar. The first phase of drilling will incorporate 40 RC drillholes totalling approximately 2,700m. In conjunction with commencement of drilling, MinRex has delineated extensive stacked sheeted pegmatites on the western and eastern zones of the southern portion of E45/5873 hosted within extensive lithium geochemical zones these areas will be the first to be tested by drilling. North Moolyella Lithium-Tin-Tantalum Project: The North Moolyella Project is situated 5km west of Global Lithium Ltd. Archer Lithium Deposit, which hosts 10.5Mt @ 1.0% Li2O and 4km SSW of the historical Moolyella Tin Field. The Marble Bar Township is only 20 road kilometres from the Project area which forms a strong base for all exploration conducted over the tenement. Alluvial cassiterite (SnO2) was first identified in the Moolyella area in 1898 during exploration for alluvial and bedrock gold. Mining took place from 1898 until 1986, with a few brief hiatuses, and it is estimated that nearly 8,000 tonnes of tin concentrate was recovered. The tin grades at Moolyella, 2.40kg/m3, represent some of the highest alluvial tin grades in the World. The Company is using modern exploration techniques and drill testing defining lithium and battery metals potential as the Eastern Pilbara develops into a strategic lithium endowment in a world class province. The source of the lithium mineralization is the Moolyella Monzogranite (2830 Ma), which has intruded older Archean orthogneisses of the Fig Tree Gneiss Group (3490-3460 Ma) and the Johansen Monzogranite (3131-3307 Ma). The Fig Tree Gneiss and the Johansen Monzogranite comprise the Mount Edgar Batholith, which is a gneiss- granitoid complex surrounded by contemporaneous greenstone belts. The highly evolved (fractionated) Moolyella Monzogranite has produced aplite dykes, greisen, and pegmatite sheets, all of which contain elevated concentrations of incompatible elements such as tin (Sn), tantalum (Ta), niobium (Nb), tungsten (W), and lithium (Li). A total of 3 main target out of 12 areas have been selected to be drilled tested within the project based on the combination of soil geochemistry and mapped pegmatite dyke zones. These have been preferentially selected over known pegmatite dykes within elevated lithium assays from soil sampling (greater than 70 ppm Li). Some spot highs include 410 ppm tin and 95 ppm Ta. The coarse-grained pegmatites are striking between 2800 and 3400 with individual pegmatites ranging from 40m to 440m in length and vary from 0.5m to 4m in width. The Company has designed its maiden RC drill programme over Project to test the potential lithium bearing pegmatites along strike and at depth. In conjunction, shallow reconnaissance drilling over the newly identified soil geochemical target areas will be systematically tested. Approximately 30% of the northern portion of the tenement remains completely untested by surface geochemistry or mapping. Ground exploration activities will concentrate in the north portion of E45/5873 with Heritage Surveys completed for the calendar year. Tillkännagivande • Oct 19
MinRex Resources Limited Announces Drilling Intersects Thick Pegmatites at Sisters Lithium Project MinRex Resources Limited announced the preliminary geological data from the completed RC drill program over the Sisters Lithium Project in the East Pilbara of WA. In conjunction, 3 rock chip samples were taken over newly identified pegmatites away from the firstly discovered spodumene rich pegmatites in the south-eastern portion of the E45/5871. These new identified highly anomalous lithium pegmatites have demonstrated more potential for pegmatites discoveries on the ground. The extensive floodplain covering the area has the potential to yield further untested pegmatites. The Sisters Project is situated 1.75km east of Global Lithium Ltd. (GL1; ASX) Archer Lithium Deposit, which hosts 10.5Mt at 1.0% Li2O. The project hosts the same greenstone belt as the Archer Deposit. Extensive pegmatites were delineated within granite-greenstone "goldilocks zone ". These zones are typical of all major lithium deposits in the Pilbara region of Western Australia. Two zones of spodumene rich pegmatites were located in the southern zone of E45/5871 striking in a north-south direction with the greenstone lithology. This lithium rich zone is approximately 500m in length by 250m in width. On the 2 August 2022, the Company announced the high-grade rock chip sample results, which yielded 3.42% Li2O, 1.59% Li, 105 ppm Cs, 80 ppm Ta, 120 ppm Nb, 130 ppm Sn, 1,980 ppm Rb from the stacked pegmatites. Drilling has concentrated around the newly identified lithium-rich pegmatites. The drill program comprised 15 RC drill holes, totalling 2,355m to test the outcropping pegmatites identified from the initial rock chip sampling program reported in August and September 2022. All samples have been dispatched to Nagrom Laboratories in Perth in early October and will be assayed for all the battery elements. All drill holes were collared within the Homeward Bound Granite with pegmatites intersected consisting of feldspar-minor mica-weakly altered epidote with traces of garnet in part. The drill assays will be announced to the market once received from Nagrom Laboratories. Also, during the month of September 2022, the Company's geologist conducted a 3-day ground mapping and rock chip sampling program over the southern portion of the Sister's Project. The aim of the reconnaissance survey was to follow-up on the historic elevated lithium soil anomalies areas. Based on the geological reconnaissance, it was concluded the anomalous lithium bearing soils were derived from lithium leaching out from the proximal outcropping pegmatites. Limited samples were collected as the pegmatites are located within an extensive floodplain area with most of the pegmatite's outcrops are concealed by alluvial sediments. Tillkännagivande • Oct 04
MinRex Resources Limited, Annual General Meeting, Nov 30, 2022 MinRex Resources Limited, Annual General Meeting, Nov 30, 2022. Tillkännagivande • Sep 07
Minrex Resources Limited Announces the Detail Field Reconnaissance Program over the Tambourah North Lithium Project MinRex Resources Limited announced the detail field reconnaissance program over the Tambourah North Lithium Project in the East Pilbara of WA. In August 2022, MinRex conducted the second pass ground geological mapping program over the Tambourah North Lithium Project, which highlighted the identification of more extensive pegmatites on the ground which were previously unknown. The assay results have further validated the previously reported lithium mineralisation from MinRexís initial rock chip program which yielded high grade lithium-tantalum-rubidium mineralization. extensive stacked pegmatites over its 100% owned Project. Tambourah North Lithium Project Tambourah is located approximately 200 km south southeast of Port Hedland and 80km southwest of Marble Bar within the Pilbara Mineral Field. Access is via the Great Northern Highway or the Marble Bar - Port Hedland Road and the connecting Hillside Woodstock Road. Within untested zone 1, a series of stacked pegmatites hosting spodumene striking 330° over 1 km with approximately 50m in width were located within the greenstone belt. Spodumene rich pegmatites were identified in the northern portion of the tenement within the Apex Basalt greenstone belt. During the geological mapping and rock chip sampling programme, a series of stacked pegmatites were identified in the central-southern area of E45/4953. The central-southern zone identified and mapped a stacked series of lepidolite-albite-muscovite rich pegmatites on the contact zone between the Petroglyph Gneiss (granite lithology) and Apex Basalt greenstone belt. These pegmatites follow the same orientation of the granite-greenstone for approximately 830m in length with individual pegmatites ranging from 40m to 250m in length. Extensive lithium mineralisation was also delineated 500m from MRR040 (1.91% Li20), with the pegmatites ranging from0.5m to 15m in width with lepidolite pegmatite veins cross cutting the main pegmatites. This new target area has been classified as Zone 3 with the upcoming drilling programme concentrating over an area of 450m in strike length by 200m in width to test the newly identified lepidolite rich stacked pegmatites along strike and depth. Tillkännagivande • Sep 02
MinRex Resources Limited Announces Management Changes MinRex Resources Limited advised that Mr. James Bahen has tendered hisresignation as Non-Executive Director of company. Mr. Bahen has been a valuable member of the Board since 8 April 2020 and has been key to recapitalising the Company and identifying assets to transition and grow the Company into an emerging battery metals explorer with high quality Lithium-Tin-Tantalum assets in the Pilbara, Western Australia.The Company advised that Mr. Kavi Bekarma has been appointed as Company Secretary, replacing Miss Aida Tabakovic. Mr. Bekarma is the Managing Director of TripleEight Corporate, a corporate accounting firm offering various services for listed and non-listed companies in the mining, technology, bio-technology and oil and gas sectors. Mr. Bekarma is a Chartered Accountant of Australia and New Zealand, holds a Masters of Professional Accounting and a Bachelor's Degree in Management with Information Systems. Tillkännagivande • Aug 22
Minrex Resources Limited Commences Drilling over Sister's Lithium Project MinRex Resources Limited announced the commencement of RC drilling at the Sisters Lithium-Tin-Tantalum Project near Marble Bar. The first phase of drilling will incorporate 18 RC drillholes totalling approximately 2,500m. The Sisters Project is situated 1.75km east of Global Lithium Ltd. Archer Lithium Deposit, which hosts 10.5Mt @ 1.0% Li2O. The project hosts the same greenstone belt as the Archer Deposit. Reconnaissance concentrated on the identification of outcropping lithium rich pegmatites in areas between the greenstone belt and the Homeward Granite contact. Extensive pegmatites were delineated within granite-greenstone "goldilocks zone ". These zones are typical of all major lithium deposits in the Pilbara region of Western Australia. Two zones of spodumene rich pegmatites were located in the southern zone of E45/5871 striking in a north-south direction with the greenstone lithology. This lithium rich zone is approximately 500m in length by 250m in width. These pegmatites are striking between 200 and 550 with individual pegmatites ranging from 50m to 300m in length. Some of the pegmatites range from 0.5m to 3.5m in width with some lepidolite pegmatite dykes trending the same orientation as the main pegmatites. On the 2 August 2022, the Company announced the high-grade rock chip sample results, which yielded 3.42% Li2O, 1.59% Li, 105 ppm Cs, 80 ppm Ta, 120 ppm Nb, 130 ppm Sn, 1,980 ppm Rb from the stacked pegmatites. Drilling has concentrated around the newly identified lithium-rich pegmatites. Tillkännagivande • Aug 09
MinRex Resources Limited Announces Exploration Update on Lithium Exploration in East Pilbara MinRex Resources Limited announced an exploration update on the status of the ground drill site clearing, Native Title Heritage Surveys and the RC drilling programme currently underway at the Shaw River Lithium-Tin-Tantalum Projects. Drill Pad clearing has commenced Sisters Lithium Project with the completion of 18 drill pads for the upcoming drilling program. The first stage drilling will target the spodumene rich lithium bearing pegmatites delineated at south-eastern portion of the tenement. Heritage Surveys commenced over the Tambourah North Lithium Project between the Palyku-Jartayi Traditional Landowners and MinRex Resources. Upon Heritage Survey final approvals MinRex will commence drill pad preparation for the RC drilling program to target the spodumene rich lithium bearing pegmatites located in the northern portion of the tenement area. RC Drilling and reconnaissance sampling progressing over the Coondina, Shaw River and Talga Lithium-Tin-Tantalum projects. To date, over 1,000m have been completed with assays pending to be dispatched to Perth Labs in Perth. The Sisters Project is situated 1.75km east of Global Lithium Ltd. Archer Lithium Deposit which hosts 10.5Mt @ 1.0% Li2O. The project hosts the same greenstone belt as the Archer Deposit. Reconnaissance concentrated on the identification of outcropping lithium rich pegmatites between the greenstone belt and the Homeward Granite contact areas. Extensive pegmatites were delineated within granite-greenstone "goldilocks zone ". These zones are typical of all major lithium deposits in the Pilbara region of Western Australia. Two zones of spodumene rich pegmatites were located in the southern zone of E45/5871 striking in a north-south direction with the greenstone lithology. On the 2 August, the Company announced the high-grade rock chip sample results which yielded 3.42% Li2O, 1.59% Li, 105 ppm Cs, 80 ppm Ta, 120 ppm Nb, 130 ppm Sn, 1,980 ppm Rb from the stacked pegmatites. Drilling will initially concentrate around the newly identified lithium-rich pegmatites with a view of completing approximately 4,000m of drilling in late August. Tillkännagivande • Aug 05
MinRex Resources Limited Announces Resignation of James Pearse, Non-Executive Director MinRex Resources Limited advised that Mr. James Pearse has tendered his resignation as Non-Executive Director of MinRex, effective 5 August 2022. Mr. Pearse has been a valuable member of the Board since 1 July 2020 and has overseen the Company's transition and growth into an emergent battery metals explorer with high quality Lithium-Tin-Tantalum assets in the Pilbara, Western Australia and a highly prospective portfolio of Gold-Silver-Copper assets and other metals in the Lachlan Fold Belt, New South Wales. Tillkännagivande • Aug 03
Minrex Resources Announced Granting of Exploration Licence E45/5871 by Wa Mines Department and First Pass Ground Geological Mapping and Rock Chip Sampling Program over the Sisters Lithium Project MinRex Resources announced the granting of the exploration licence E45/5871 by the WA Mines Department and the first pass ground geological mapping and rock chip sampling program over the Sisters Lithium Project. The exploration program identified of extensive lithium-tantalum-tin rich pegmatites on the ground. Sister Lithium Project; The Sisters Project is situated 1.75km east of Global Lithium Ltd. Archer Lithium Deposit which hosts 10.5Mt @ 1.0% Li2O. The project hosts the same greenstone belt as the Archer Deposit. Reconnaissance concentrated on the identification of outcropping lithium rich pegmatites between the greenstone belt and the Homeward Granite contactareas. Extensive pegmatites were delineated within the granitic intrusion and the contact zone between the greenstone and granite and within the greenstone outside of the granite areas. Two zones of spodumene rich pegmatites were located in the southern zone of E45/5871 striking in a north-south direction with the greenstone lithology. These pegmatites are striking between 200 and 550 with individual pegmatites ranging from 50m to 300m in length. Some of the pegmatites range from 0.5m to 3.5m in width with some lepidolite pegmatite dykes trending the same orientation as the main pegmatites. Historically, a total of 370 soil samples were taken during several sampling campaigns from 2008 and 2017 by Global Lithium Resources and Montezume Mining Company Ltd. The majority of the sampling mainly cover a large area in the central and south zones of E45/5871. Based on the soil geochemistry, there an extensive rubidium halo approximately 4.4km in length by 2.7km in width (>100 ppm Rb with peak values of 247 ppm Rb from sample MB0106) covering both the Greenstone and Homeward Bound Granite. MinRex rock chip samples have also confirmed LCT (Lithium-Caesium-Tantalum) pegmatites-based on the geochemistry from rock chip sample MRR024. This may form a large complex spodumene bearing pegmatite system with tin, tantalum mineralisation. This remains to be tested by the upcoming RC drill programme. A total of 8 target areas have been selected within the project based on the combination of soil geochemistry and mapped pegmatite zones. These have been preferentially selected over known pegmatite dykes within elevated lithium assays from soil sampling (greater than 70 ppm Li) . Approximately 50% of the current tenure remains completely untested by surface geochemistry or mapping and will be granted priority status in the upcoming months. Ground exploration activities will concentrate in the north-west portion of E45/5871. Tillkännagivande • Jul 28
MinRex Resources Limited Launches RC Drilling Program on Pilbara Lithium Projects MinRex Resources Limited announced the RC drilling has commenced over the Shaw River Lithium-Tin-Tantalum Project. The Shaw River Project is part of the Shaw River Tin Field. The tin field is located within the Shaw Batholith, a complex structural dome comprising multiple granitoid intrusions. Up until 1975, the Shaw River tin field produced 6,585t of tin and 548t of tantalite concentrates (containing 20.2t of Ta 2O5), with the greatest production from alluvial placer deposits. In May 2022, the first field mapping reconnaissance programme outlined extensive pegmatites dykes in the north-eastern portion of current tenure area proximal to the Old Shaw/Shaw River Tin and Crown Lands and Sundry Claims Tin mines. These pegmatites vary from 40m to 210m in length striking north-western direction. These stacked pegmatites are striking within a zone approximately of 1,000m in length. Most of the pegmatites in the field are concealed by alluvial material with numerous pegmatites identified in the drainage and creeks cuttings. No hard rock exploration has been conducted over these pegmatites which have the potential to host lithium mineralisation. No modern exploration for lithium was conducted over the historic tin - tantalum mine and only shallow auger drilling was used in the alluvial grade control drilling to only 7-meter maximum depths. During the year, MinRex Resource awarded the 25,000 drill metres to FORACO Drilling Australia based on the extensive experience drilling in Western Australia. Tillkännagivande • May 30
Minrex Resources Limited Provides Further Details of the Recent Geological Mapping Programme Completed on Its Tambourah North Lithium Project in the East Pilbara of Wa MinRex Resources Limited provided further details of the recent geological mapping programme completed on its Tambourah North Lithium Project in the East Pilbara of WA. Tambourah North Lithium Project; Tambourah is located approximately 200 km south southeast of Port Hedland and 80km southwest of Marble Bar within the Pilbara Mineral Field. Access is via the Great Northern Highway or the Marble Bar - Port Hedland Road and the connecting Hillside - Woodstock Road. Geological mapping has further identified a stacked series of lepidolite-albite-muscovite rich pegmatites southern zone area of E45/4953 on the contact zone between the Petroglyph Gneiss (granite lithology) and Apex Basalt, which is part of the greenstone belt. These pegmatites follow the same orientation of the granite-greenstone for approximately 830m in length with individual pegmatites ranging from 40m to 250m in length. Some of the pegmatites range from0.5m to 15m in width with some lepidolite pegmatite veins cross cutting the main pegmatites. Tillkännagivande • May 27
Minrex Resources Announces Approvals Received for Maiden Drilling over Lithium Projects MinRex Resources Limited announced significant progress at fast tracking approvals for its detailed field program and maiden drilling programs over Eastern Pilbara and Marble Bar Lithium-Tin-Tantalum Project areas. During the month of May 2022, the Department of Mines, Industry and Safety, Resource and Environmental Compliance Division has issued 5 PoW approvals over Coondina, Haystack Well, Tambourah North, Coondina South and Shaw River Lithium-Tin-Tantalum Projects. The approvals are restricted to the use of ground disturbing equipment to be undertaken across all drilling activities over each project area. The Company announced a long-term contract has been signed with highly experienced and accomplished drillers Foraco Australia Pty Ltd. Foraco will mobilize a KWL 700 Reverse Circulation drill rig in late June and a second KWL 700 in late July. Foraco will assist the Company with support vehicles and caravans' fast-tracking drilling over the Tambourah North and Shaw River Pegmatites commencing in late June. The second Foraco Rig and crew will mobilize in July preparing for drilling programs at the Marble Bar tenements on the grant of tenements. The 12-month initial term is expected to deliver 15,000 meters of drilling on first pass programs and a further 10,000 meters of drilling in the later part of 2022, with drilling recommencing in February 2023. The Company will contract a further KWL 700 in August if required adding valuable drill meters across a wider scope of discoverable project areas. Tambourah is located approximately 200 km south southeast of Port Hedland and 80km southwest of Marble Bar within the Pilbara Mineral Field. Access is via the Great Northern Highway or the Marble Bar Port Hedland Road and the connecting Hillside - Woodstock Road. During the geological mapping programme, a series of stacked pegmatites were identified in the central-northern area of E45/4953. Spodumene rich pegmatites are completely hosted with the Apex Basalt greenstone belt. These pegmatites identified vary from 50m to 280m in length with some pegmatites up to 30m in width. The first pass RC drill programme will target an area of 300m in strike by 310m in width - this will test the newly identified lithium rich stacked pegmatites along strike and at depth. Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director James Bahen is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Tillkännagivande • Apr 12
MinRex Resources Limited Announces Results from its Recent Field Program the Lithium Projects in the East Pilbara of WA MinRex Resources Limited announced the results from its recent field program the Company's Lithium Projects in the East Pilbara of WA. In February 2022, MinRex conducted a first pass helicopter reconnaissance program over the new acquired Lithium-Tin-Tantalum Projects, which involved rock chip sampling of the identified pegmatites on the ground. Assay results received have validated previously reported lithium mineralisation from the previous project owners through the observation of spodumene and lepidolite mineralisation. Tambourah is located approximately 200 km south southeast of Port Hedland and 80km southwest of Marble Bar within the Pilbara Mineral Field. Access is via the Great Northern Highway or the Marble Bar - Port Hedland Road and the connecting Hillside Woodstock Road. During the reconnaissance, a series of stacked pegmatites hosting spodumene striking 3300 over 1 km with approximately 50m in width were located within the greenstone belt. Spodumene rich pegmatites were identified in the northern portion of the tenement within the Apex Basalt greenstone belt. In conjunction, acicular-lepidolite-albite- muscovite rich pegmatites were located on the contact zone between the Petroglyph Gneiss (granite lithology) and Apex Basalt greenstone belt in the southern area. The tenement is located 170km north of Newman, and 35km south of Nullagine, accessed via Marble Bar Rd. The project includes historic tantalum alluvial workings. Based on the limited rock chip samples collected, anomalous tin- tantalum-rubidium shows strong indicator of localised LCT pegmatites. The Twin Wells Alluvial Prospect showed strong extensive stacked swarms pegmatites striking within a southerly direction over 650 metres. The potassic geophysical survey over Haystack Well potentially has outlined buried pegmatites which could explain the source of strongly elevated lithium in the soil samples anomalies (soils vary from 200 ppm to 589 ppm Li). Based on the soil and most recent rock chip sampling, there is evidence of granite fractionation based on the enrichment of pathfinder elements such as 23 ppm Ta, 14 ppm Be, 45 ppm Nb and 50 ppm Cs within soils. Rock chip sample MRR029 and MRR030 yielded 40 ppm Ta, 90 -150 ppm Li, 20 ppm Sn, 1,257 - 2,355 ppm Rb with 45 - 597 ppm Cs. The trace elements analysis indicates that the granite is zoned anomalous in tin-beryllium-niobium grading to lithium and caesium in the surrounding zone - a typical zonation pattern for lithium pegmatites. The two lithium anomalies are greater than 1.5km long are situated in the pegmatitic aureole surrounding the granite and are open in all directions and follows the Goldilocks Zone perfectly. There is over 40km of Goldilocks zone untested by surface geochemistry and drilling. The soil anomalies equate to 2.9km of contact strike-length, yet the remaining 20km of granite aureole zone is yet to be adequately sampled. Tillkännagivande • Feb 15
Minrex Resources Limited Resignation of Glenn Whiddon as Non-Executive Director MinRex Resources Limited announced that Glenn Whiddon has tendered his resignation as Non-Executive Director of MinRex, effective as at today's date. Mr. Whiddon has been a member of the Board since 5 June 2020 and has overseen the Company's transition and growth to becoming an emergent battery and precious metals explorer with high quality lithium-tin-tantalum assets in the Pilbara (WA) and gold-silver-copper assets in the Pilbara and the Lachlan Fold Belt (NSW). The Board thanks Mr. Whiddon for his valuable contribution to the Company during that period and wishes him well for the future. The Board is focused on adding technical experience to MinRex's executive and management team to help drive MinRex through its aggressive battery metals focused exploration program in WA and further exploration in NSW. Given Mr. Whiddon's resignation, Resolution 10 under the Company's Notice of Meeting dated 14 January 2022 will bewithdrawn. The withdrawal of Resolution 10 does not affect the validity of proxy votes already submitted in respect of the remaining items of business, which will be put to shareholders at the general meeting on 16 February 2022. Tillkännagivande • Jan 24
MinRex Resources Limited Announces Assay Results for Its First Pass RC Drilling Campaign At Queenslander Gold Prospect MinRex Resources Limited announced assay results for its first pass RC drilling campaign completed over the Queenslander Gold Prospect, within the Company's Sofala Project. From October to November 2021, 7 RC holes for 686m were completed designed to test the historical high-grade targets within a broad gold mineralization structural corridor defined by coincident historical gold workings and to intersect the high-grade gold grades interpreted from geological interpretations. The Queenslander Prospect is centered around the old Queenslander Mine which is approximately 2km south-west of the township pf Sofala in central NSW. Sofala is about 260km north-west of Sydney and can be accessed by the Great Western Highway. The Mine was first discovered in 1888 and worked until 1935 on a small scale. Total tonnage mined was in excises of 7,011t producing 3,696 oz Au averaging 6 g/t Gold. Currently within the tenement, access is restricted to four-wheel drive tracks. Tillkännagivande • Jan 16
MinRex Resources Limited Provides Lithium and Gold Exploration Project Update MinRex Resources Limited provided the following project updates. MinRex has completed reconnaissance over the East Pilbara Lithium-Tin-Tantalum Projects to be acquired as announced on 17 and 24 November 2021, via a helicopter flight, on ground inspections and sampling. MinRex collected a total of 18 samples, which are with Nargrom Laboratories for processing. MinRex will provide a further update once further data complication is completed and assay results are received, which are expected in around 6-8 weeks. Subsequent to the acquisition agreement with Odette Five being signed, a Mining Act ballot was drawn over the Moolyella Project exploration licence applications (E45/5875, E45/5876, E45/5877). The Company was advised that True Fella Pty Ltd. (True Fella) as drawn first on each tenement application. Odette Five subsequently secured mineral rights to battery metals on two applications held by True Fella (being the Sisters (E45/5871) and Moolyella North Project (E45/5873). The projects are in close proximity and share similar geology to Archer Lithium Deposit owned by Global Lithium Resources. They are located west of the historic Moolyella Tin Field and proximal to the historic Talga Tala Gold Field. The geology includes Callina Supersuite and Bishop Creek Monzogranite intruding sediments and ultramafic rocks. A map showing the locations of the Moolyella Project tenements are shown in the image overleaf. The mineral rights extend all battery metals, tin and rare earth metals (including lithium (Li), Caesium (Cs), Rubidium (Rb), Tantalum (Ta), Niobium (Nb), beryllium (Be) and lanthanide series elements 57 to 71) on E45/5871 and E45/5873. It is proposed that, subject to MinRex shareholders approving the acquisition of Odette Five, that the Company will assume the obligations of Odette Five to pay the following consideration to True Fella for the acquisition of such mineral rights: $30,000 in cash, 6,666,667 MinRex shares and a 1% gross overriding royalty payable on any minerals extracted from E45/5871 and E45/5873. The acquisition of the East Pilbara Lithium-Tin-Tantalum Projects represents a significant next step in MinRex's tenement acquisition plan to become an emergent lithium explorer with high-quality assets within a 70km radius world-class Lithium and Tantalum producers Pilbara Minerals Pilgangoora, Mineral Resources Wodgina and Global Lithium Resources. The new Tambourah North, Tambourah Creek, Shaw River, Coondina and Soanesville projects supplement and offer fantastic synergies to the Moolyella, Coondina East, Coondinia South and Haystack Well lithium projects to be acquired by MinRex, as announced on 17 November 2021 and 24 November 2021. MinRex recently completed its maiden RC drilling program, comprising 7 holes for 683 metres at its Queenslander Gold Project, which forms part of MinRex's Sofala Gold Project in NSW. Assays are expected in around 4-6 weeks. MinRex hopes the drilling will assist upgrading the current JORC resources of at Sofala of 352Koz Gold, together with further drilling planted at the Spring Gully Project. MinRex is planning further drilling along strike of the newly delineated gold bearing zones to target a global Sofala Gold Project resource of 700Koz Gold in 2022. Tillkännagivande • Nov 26
MinRex Resources Limited (ASX:MRR) entered into a binding agreement to acquire 4 Exploration Licences and 3 Mineral Rights in Exploration Licences from ABEH Pty Ltd and Maxwell Strindberg for AUD 0.85 million. MinRex Resources Limited (ASX:MRR) entered into a binding agreement to acquire 4 Exploration Licences and 3 Mineral Rights in Exploration Licences from ABEH Pty Ltd and Maxwell Strindberg for AUD 0.85 million on November 24, 2021. The acquisition is subject to MinRex shareholder approval. Tillkännagivande • Sep 13
MinRex Resources Limited Provides Daltons Project Exploration Update MinRex Resources Limited announce the results from a surface geochemical, RC drilling and geophysical review over its Daltons Au-Ag-Cu Project in Western Australia. The Dalton's Project forms part of MinRex's Western Australian project portfolio along with its Deflector Extended, Bamboo Creek and Marble Bar Projects. MinRex's Western Australian Projects are supplemented by its highly prospective project areas in the Lachlan Fold Belt (NSW), including its Sofala, Sunny Corner and Mt Pleasant Projects, positioning MinRex as a gold and base metals explorer in two world class mining jurisdictions in Australia. The Daltons Project area (E45/4681) contains rocks of the Archean Warrawoona Group Greenstones, of the East Pilbara Terrane of Western Australia. The outcropping geology comprises metabasalt, komatiitic metabasalt, high-Mg basalt, dolerite and other mafic and ultramafic rock types, minor felsic volcaniclastic rocks and chert of the Euro Basalt and banded iron formation of the Pincunah Banded Iron Member. The large Keep It Dark Monzogranite intrusion underlies the north-eastern sector of the licence, while silicified carbonate rocks, sandststone, conglomerate, chert and dolomite of the Strelley Pool Chert and Panorama Formation, and basalt, mafic rocks and minor meta-sediments of the Apex Basalt underlie the southernmost portion of the licence. The area is complexly deformed with numerous shear zones, folds and faults. Deposits of gold-copper mineralisation occur in north-northwest-striking, primary quartz-sulphide veins in a shear zone at the Daltons Creek Mining Centre, which has been mined in the past. The principal lithologies in the project area are interleaved ultramafic and mafic schists with localised chert horizons. The principal structural feature is a north-south trending synformal fold axis, with most of the rocks being strongly cleaved with steep sub-vertical easterly dips. The region is mineralised with several historic gold mining centres occurring nearby, within, or adjacent to, major shear and fault zones, including the Daltons Mining Centre, which lies within the licence area Local lithology heading westward from the known mineralization and historical working is interlayered schist, quartzites and meta-volcanics with associated quartz veining. Foliation measurements confirm the NNW trend, averaging out to 339ª, and a subvertical dip typically dipping very steeply (>75º) to the east. Quartz veins throughout the tenement are typically subparallel to foliation. Larger quartz veins/blows appeared to have 2 dominant joint sets, trending NNE and E-W. Tillkännagivande • Jul 23
Minrex Resources Limited Announces Sofala Project Geophysics Update MinRex Resources Limited announce the first detailed high-resolution magnetic/radiometric interpretation over the Company's Sofala Project located within the eastern Lachlan Fold Belt, NSW. The Sofala Gold Project is located 250 km north-west of Sydney near the town of Sofala in the central western region of New South Wales. The project is considered prospective for gold mineralisation and contains considerable historical surface and hard rock gold workings. Historic hard rock mining activities has been reported to be over 24,383 oz Au extracted (Lennox, 2001). Recently, the Spring Gully JORC Resource of 9.48Mt at 1.06g/t Au containing 323,913 oz Au was reported by MinRex. The current exploration licence area covers over 40 km2 with the mineralisation commonly located along major structures (Big Oakey Fault) and thrust contacts (Wiagdon Thrust) in quartz veins and diorites. Mineralisation is generally hosted in quartz veins associated with carbonate, sericite, kaolinite alteration and commonly with arsenopyrite, pyrite and chalcopyrite. Numerous occurrences exist, primarily to the south of Sofala and around Wattle Gully townships. These occurrences are mainly restricted to the Sofala Volcanics and the Chesleigh Formation lithologies. The mineralisation is believed to be orogenic gold from hydrothermal veining and stockwork. Open File Geophysics Available open file company airborne geophysical surveys were conducted using the Geological Survey of NSW DIGS and MinView online systems which provides records of previous geophysical surveys and exploration activities. The search revealed that the project area has been covered by medium resolution (200m spaced) and high resolution (50-100m) aeromagnetic (AMAG) surveys. Aeromagnetic Data Reprocessing The aeromagnetic data has been compiled, subset and merged. The raw data was then processed to generate a suite of imagery to highlight and better define controlling structures including shears, faults, and lithological variations. Data processing of the data included calculation of the first and second vertical derivatives and tilt derivatives, all reduced to the pole. The high resolution of the 50-100m line spaced surveys clearly provides superior detail and fine scale geological information when compared to the older 200m flight line surveys. Conclusions based on the re-processing Aeromagnetic Data below: Magnetics has indicated the number and extent of both major and minor faults appears to be significantly greater than indicated by Government published geological maps. Within the Wattle Gully magnetic zone, a complex series of cross cutting faults terminate magnetic anomaly trends, predominantly along NW trending structures but also SW-NE and ENE-WSW lineations, Figure 1. Mineralisation appears to be structurally controlled and preferentially oriented along or close to he major faults (e.g., Big Oakey Fault) r thrusting within the project (Wiagdon Thrust) which osts most of the larger workings and mineral occurrences, Figure 1. Magnetic responses over both the Sofala Volcanics north and NE of the Spring Creek and Big Oakey Faults as well as in the Wattle Gully area (SW of these faults), are active and have numerous isolated magnetic anomalies associated. The Sofala Volcanics at Wattle Gully alone cannot account for the amplitude of the magnetic response and there is likely a deeper magnetic intrusive. This intrusive may be acting as the driver of mineralising fluid in the region. The radiometric response geologically mapped the Sofala Volcanic rocks to the north and the Chesleigh Formation to the south of the Project area (Figure 3). Conclusions based on the re-processing Radiometric Data below: Gold occurrences within this domain appear to lie along contact between the Sofala Chesleigh Formation which is depicted by an elevated potassium response. The elevated potassium is likely representing potassic alteration due to hydrothermal alteration and a good indicator of gold mineralisation. As such the combination of structure and the potassic radiometric response appears to provide an additional targeting tool. Several zones of elevated potassium are evident in the SE of the project within the Chesleigh Formation, Figure 2. These zones are coincident with known historical gold workings and lie along interpreted NE trending structures. Defined the andesitic member of the Sofala Volcanics and the majority of the major gold workings are shown along the margins of the potassium zones. Tillkännagivande • Jun 30
MinRex Resources Limited Announces RC Drilling Completed at Wiles Gold Prospect MinRex Resources Limited announced it has completed the RC drilling campaign at its Wiles Gold Prospect ("Wiles Prospect") with in the Company's Sofala Gold Project on the Lachlan Fold Belt, NSW. A total of 794m of drilling was completed across 14 holes with all RC samples dispatched to Nagrom Laboratories in Perth. The Wiles Gold Prospect is a recently discovered orogenic gold deposit on strike of the Big Oakey Fault between Whalans Hill (10m @ 1.63g/t Au) and Caledonian (2m @ 8.11g/t Au). The prospect was discovered in 2018 by joint-venture partner Wattle Resources Pty Ltd. (Wattle). A soil sampling campaign of the previously unexplored ground was conducted by Wattle producing exceptional results (soil samples returning 10.6g/t Au, 9.26g/t Au, 4.28g/t Au and 4.01g/t Au). This prospectivity was confirmed by shallow RC drilling in late 2020 with results returning 9m @ 2.43g/t Au from 17m (WFRC005) and 2m @ 2.97g/t Au from 6m (WFRC004). The Company has planned aggressive exploration and project development activities over the next 6 months with the following planned programmes: JORC 2012 Resource reporting over the Spring Gully Prospect; Mt Pleasant Prospect Geophysics Interpretation and Target Generation; Sofala Geophysics Interpretation and Target Generation; Assay results from the Wiles Gold Prospect RC drilling programme; JORC 2012 Resource reporting over the Surface Hill Prospect; JORC 2012 Resource reporting over the Wiles Gold Prospect; JORC 2012 Resource reporting over the Mt Pleasant Prospect; RC drilling programme at Queenslander Gold Prospect; and Resource extension RC drilling programme at Spring Gully Gold Prospect. The above activities are subject to change depending on the results of further exploration activities and
technical analysis. Tillkännagivande • Jun 12
Minrex Resources Limited to Commence RC Drilling at Wiles Gold Prospect NSW MinRex Resources Limited announced it has received NSW Regulator approval for an RC drilling campaign at its Wiles Gold Prospect ("Wiles Prospect") with in the Company's Sofala gold project on the Lachlan Fold Belt, NSW with RC drilling to be underway next week. The previous soil and drilling results demonstrated significant gold mineralisation within the Wiles Prospect. MinRex will drill 15 new RC holes and extend the depth of 3 holes drilled by Wattle Resources in September 2020, totalling approx. 800m of drilling. The purpose of the infill RC drilling program is to further define the extent of the gold mineralisation delineated from soil sampling and previous shallow RC drilling. The Company will deploy the Strike Drilling X350 AC/RC Drill Rig via a co-operation agreement with NSW exploration company Argent Minerals Limited. The Wiles Prospect is a recently discovered orogenic gold deposit on strike of the Big Oakey Fault between Whalans Hill (10m @ 1.63g/t Au) and Caledonian (2m @ 8.11g/t Au). The prospect was discovered in 2018 by joint-venture partner Wattle Resources Pty Ltd. (Wattle). A soil sampling campaign of the previously unexplored ground was conducted by Wattle producing exceptional results (soil samples returning 10.6g/t Au, 9.26g/t Au, 4.28g/t Au and 4.01g/t Au). This prospectivity was confirmed by shallow RC drilling in late 2020 with results returning 9m @ 2.43g/t Au from 17m (WFRC005) and 2m @ 2.97g/t Au from 6m (WFRC004). Tillkännagivande • Mar 17
MinRex Resources Limited (ASX:MRR) completed the acquisition of Gold and Base Metal Projects in East Lachlan Fold Belt recently. MinRex Resources Limited (ASX:MRR) entered into a binding agreement to acquire Gold and Base Metal Projects in East Lachlan Fold Belt recently.
MinRex Resources Limited (ASX:MRR) completed the acquisition of Gold and Base Metal Projects in East Lachlan Fold Belt recently. Tillkännagivande • Feb 26
MinRex Resources Limited Announces Sofala Exploration Update MinRex Resources Limited provided an update on recent exploration developments at its Sofala Project Historical soil sampling assays from Wattle Resources for the Wiles Prospect received, includes: 9.26 ppm Au & 616 ppm As 4.28 ppm Au & 732 ppm As; 4.01 ppm Au & 824 ppm As. Results of recent shallow RC drilling completed by Wattle Resources at the Wiles Prospect received, includes: 2m @ 2.97g/t Au from 17m (WFRC005); 9m @ 2.43g/t Au from 6m (WFRC004). Additional historical drilling assays received from Wattle Resources, includes: 1.5m @ 37.9g/t Au from 66.5m (Big Oakey) (CH360-6); 3m @ 4.2g/t Au from 73m (Big Oakey) CH360-5); 2m @ 8.11g/t Au from 92m (Caledonian) (CC 4); 2m @ 7.7g/t Au from 2m (Caledonian) (CC 5); 2m @ 9.81g/t Au from 38m (Surface Hill) (CSH 3); 16m @ 3.3g/t Au from 48m (Surface Hill) (CSH 25); 2m @ 9.85g/t Au from 46m (Whalans Hill) (CWH4) and 2m @ 3.62g/t Au from 26m (Whalans Hill) (CWH1). Confirmed land access rights to enable drilling at Wiles and Spring Gully Prospects. Second formal Farm-in and Joint-Venture Agreement signed for Sofala Project area. Recent Insider Transactions • Feb 11
Insider recently sold AU$93k worth of stock On the 2nd of February, David Hannon sold around 3m shares on-market at roughly AU$0.028 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought AU$1.6m more than they sold in the last 12 months. Tillkännagivande • Jan 29
MinRex Resources Limited Announces Farm-In & Joint Venture Agreement for Sofala Project MinRex Resources Limited announced, further to its announcement on 4 December 2020, that it has executed a formal Farm-in and Joint Venture Agreement with Wattle Resources Pty Ltd. in relation to EL7974. The ground comprising EL7974 is highly prospective for gold and other precious metals and forms part of the Sofala project area. EL7974 contains a number of prospects of interest including Queenslander and Surface Hill, which MinRex intends to target as part of its Lachlan Fold exploration program in 2021. Drilling using the X350 AC/RC rig secured from Strike Drilling is still targeted to commence in April this year. Under the terms of the Farm-in and Joint Venture Agreement, MinRex has 3 years to earn a 51% interest in EL7974 by spending $750K and an additional 19% interest (80% total) by spending an additional $1.55 million. Standard dilution clauses apply once MinRex completes the first stage of the farm-in (should MinRex elect not to continue the farm-in) or on completion of the second stage of the farm-in, except that Wattle's interest will be free carried once it falls to 10%. Wattle also has a 1% net smelter royalty over MinRex's interest in minerals mined from EL7974. Tillkännagivande • Dec 20
MinRex Resources Limited (ASX:MRR) entered into a binding agreement to acquire Gold and Base Metal Projects in East Lachlan Fold Belt. MinRex Resources Limited (ASX:MRR) entered into a binding agreement to acquire Gold and Base Metal Projects in East Lachlan Fold Belt recently. Tillkännagivande • Dec 19
MinRex Resources Limited Appoints George Karageorge as Non-Executive Director and Stuart Till as Chief Operating Officer MinRex Resources Limited announced the appointments of George Karageorge as Non-Executive Director Stuart Till as Chief Operating Officer, effective immediately. Mr. Karageorge is a geologist and is a rare, base and precious metal exploration expert with over 25 years' experience in the mining sector. He has worked in senior technical and executive management roles for exploration and mining companies across the globe, including Western Mining Corporation, ASARCO, Anglo Gold Ashanti, Barrick Mines and Bluebird Battery Metals, and is best known for his role as founding geologist and first registered alternate mine manager of lithium producer, Pilbara Minerals Ltd. Mr. Till has more than 35 years' experience as a successful geologist in mineral exploration and mining for numerous commodities including, but not limited to, precious metals, base metals and industrial minerals. Tillkännagivande • Dec 06
MinRex Resources Limited Commences Additional Desktop Geological Work to Confirm and Better Define Key Targets in Its New Lachlan Fold Projects MinRex Resources Limited has commenced additional desktop geological work to confirm and better define key targets in its new Lachlan Fold projects with a view to drill testing targets in the first half of 2021. Further field exploration work is also planned and an exploration work program will be finalised shortly following completion of the acquisition of the Sofala Farm-in Rights. Tillkännagivande • Sep 23
Minrex Resources Limited Receives Results from the Geophysical Reprocessing of Open-File Data on its Deflector Extended Project MinRex Resources Limited announced that it has received the results from the geophysical reprocessing of open-file data on its Deflector Extended Project, which lies 4km, along strike, to the northeast of the Silver Lake Resources Limited Deflector Mine and the detailed geophysical interpretation of the Daltons Project area. MinRex currently holds five projects, four in the East Pilbara Region of WA, which are 70% owned, the Bamboo Creek Gold Project, the Marble Bar North Gold Project, the Marble Bar South Gold Project and the Daltons Gold Project; as well as the Deflector Extended Gold Project at Gullewa in Western Australia, which is 100% owned. Deflector Extended Project The results have been received from the appraisal of the available open-file geophysical data over MinRex's Deflector Extended Project (E59/1657). This project area lies 4km, along strike, to the northeast of the Silver Lake Resources Limited Deflector Mine, where copper-gold occurs as high-grade lode mineralisation, associated with abundant disseminated to massive sulphide mineral bearing veins, in shear zones in meta-basalt. This style of mineralisation is thought to be suited to exploration with electrical geophysical methods such as electromagnetic (EM) and induced polarisation (IP). The geophysical data from several previous high-resolution aeromagnetic, EM and other surveys, at Gullewa, were compiled, merged and processed to better define bedrock and surficial geology, major structures and AEM responses. The use of detailed geophysics in the Deflector Extended Project area is considered invaluable as about 85% of the lease area is covered with young (Cenozoic) cover sediments which obscure the underlying geology. The assessment of the magnetic data reveals a number of north-south to north northeast trending structures and magnetic responses that clearly correlate to anomalous geochemistry at the "Corner Creek" and Eastern Dolerite prospects, which show differences from the current interpretation. The magnetic imagery also clearly defines the extension of the mineralized structure that controls the Golden Stream deposit into the project licence area. The airborne electromagnetic survey data highlights several strike extensive conductors which are likely to represent shear zones and sediment/shale horizons, with both the Deflector and Golden Stream Mines being located along such structures. Future ground electrical surveys will be completed using IP and the coverage of high-resolution magnetics will be extended using ground magnetic surveys to further define structures that may be controlling gold mineralisation in the project area. This further geophysical program will aim to pin-point the most anomalous areas for gold and base metals for a subsequent drilling campaign. Such subsequent drilling campaign will be subject to interpretation of future ground surveys and the receipt of all requisite approvals. Daltons Project: Detailed processing and interpretation work has now been completed on the geophysical data generated by the high-resolution airborne magnetic and radiometric geophysical survey program at the Daltons Project area. This more detailed litho-structural interpretation has shown structural elements within the prospective mafic/ultramafic rocks of the Kelly Group, considered prospective for Cu-Au mineralisation. Geological interpretation used a combination of the TMI second vertical derivative and various radioelement images, to produce an improved delineation of granitoids, gabbro, mafic and mafic/ultramafic rocks and felsic volcaniclastic rocks and intrusions. The subsequent targeting exercise has found strong links between structures and the known mineralisation and then used the new data to generate a list of 30 potential target areas. The target areas generated will assist with field exploration in the future. Tillkännagivande • Jul 18
MinRex Resources Limited announced that it expects to receive AUD 0.32 million in funding MinRex Resources Limited (ASX:MRR) announced a private placement of 26,666,667 common shares at a price of AUD 0.012 per share for gross proceeds of AUD 320,000 on July 17, 2020. The transaction will include participation from directors of the company. The company will also issue 6,666,667 unlisted free attaching options, on the basis of 1 option for every 4 shares, with each option exercisable at AUD 0.04 per share on or before 30 months from the date of issuance. The transaction is subject to shareholder approval at its general meeting estimated to be held on August 31, 2020, and is expected to close on September 1, 2020. 
