What did Minrex Resources (ASX:MRR) announce regarding its Tlamino Project?

Minrex Resources announced a dual-stream strategy to unlock near-term value at its flagship Tlamino Project while retaining long-term regional options across its wider portfolio. The core of this strategy is the imminent mobilisation of a ~7,000-metre diamond drilling programme.

How is Minrex Resources (ASX:MRR) funding this new exploration campaign?

Minrex Resources is fully funding its upcoming exploration activities directly from its existing corporate cash reserves. This represents a rare advantage for a small-cap resource explorer, as it means the company does not need to immediately dilute shareholders through a new equity capital raising to pay for the drilling.

What exploration upside exists for Minrex Resources (ASX:MRR) beyond the known resource?

The exploration team plans to drill over one kilometre of untested trend along the highly prospective Barje–Liska corridor. Management believes this target corridor shows significant potential for a faulted offset repeat, which could match the scale of the company's existing Barje deposit.

Why does management believe Minrex Resources (ASX:MRR) is positioned for an economic revaluation?

Management notes that global gold and silver market prices have appreciated by 200% and 360%, respectively, since the project's original 2021 preliminary economic assessment (PEA). Because the macro pricing environment has improved so drastically, updating the project's economics could significantly increase its calculated net present value.

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Minrex Resources funds drilling drive At Tlamino Project

Written by Liezl GambePublished May 27, 2026, 1:14 AMLast Updated Jul 6, 2026, 10:10 AM

Minrex Resources (ASX:MRR) announced a disciplined dual-stream strategy aimed at unlocking near-term value at its flagship Tlamino Project while securing long-term regional optionality across its broader portfolio.

The resource explorer enters this pivotal operational period backed by a rare combination of attributes, including full funding for its upcoming exploration activities directly from existing corporate cash reserves.

Central to the company's near-term growth is the imminent mobilisation of a ~7,000-metre diamond drilling programme at Tlamino.

The extensive campaign is designed to infill the current 670,000-ounce gold-equivalent (AuEq) NI 43-101 inferred resource, targeting an upgrade to the indicated category under the JORC 2012 framework to underpin a forthcoming scoping study.

The exploration team will drill over 1km of untested trend along the highly prospective Barje–Liska corridor, which shows significant potential for a faulted offset repeat similar in scale to the existing Barje deposit.

Management highlighted a substantial opportunity for a transformational economic revaluation of the asset, noting that global gold and silver market prices have appreciated by 200% and 360%, respectively, since the project's original 2021 preliminary economic assessment.

At the time of reporting, Minrex Resources’ share price was $0.016.