MinRex Resources Charts Strategic Growth Across Copper-Gold Exploration Fronts in Latest Quarterly Report

 With commodity markets rallying, MinRex’s focused exploration strategy and strong financial footing position it for meaningful upside.




MinRex Resources Limited (ASX: MRR) has unveiled its Quarterly Activities Report for the June 2025 quarter, demonstrating continued strategic progress across a portfolio of copper, gold, and polymetallic exploration projects in Western Australia and New South Wales.

The Company’s lead project, the Fraser Range Copper-Gold Project, saw a busy quarter of high-impact drilling, while additional groundwork advanced across the Sunny Corner, Mt Pleasant, and Sofala projects.

MinRex continues to deliver value-driven exploration, backed by a strong balance sheet and a portfolio rich with discovery potential.

 Fraser Range Copper-Gold Project: High-Priority Drilling Completed

Located 120 km northeast of Esperance, the Fraser Range Project is shaping up as a flagship opportunity for MinRex. Operating under a farm-in agreement with West Cobar Metals (ASX: WC1), MinRex is targeting Broken Hill Type (BHT) and IOCG-style mineralisation in a terrain geologically similar to the prolific Nova-Bollinger deposit.

Key highlights this quarter:

  • Heritage clearances and PoW approvals completed.

  • Nine RC drill holes drilled over five targets: Talisker, Glenmorangie, Oban, Benriach, and Glendronach.

  • A total of 1,958 metres drilled.

With assay results expected in August, investors eagerly await confirmation of mineralisation that could validate these high-priority anomalies.

Sunny Corner Project: High-Grade Targets Await Next Phase

Although no fieldwork occurred this quarter at Sunny Corner, the groundwork from previous reconnaissance remains promising. The project, situated in NSW’s Lachlan Fold Belt, hosts multiple gold-silver-base metal prospects.

Targets scheduled for upcoming exploration include:

  • Sure Gift

  • Lagoon

  • Michells Creek

  • East Napolian

  • Bushrangers

With Fraser Range taking precedence, Sunny Corner is firmly positioned for follow-up in the medium term.

 Mt Pleasant Project: Mapping and Geological Recon Ahead of Drilling

At the Mt Pleasant Project, MinRex focused on structural mapping and historical data review near the Crown Gold Mine. With porphyry, skarn, and vein-hosted systems in sight, the team continues to refine its geological models to inform future drilling programs targeting copper, molybdenum, and tungsten.

Sofala Gold Project: Petrophysics Support Future Surveys

Work at Sofala this quarter centered around:

  • Landholder agreements, and

  • Petrophysical data review from past diamond drilling.

Insights from resistivity and magnetic tests support plans for new geophysical surveys across a 1km untested strike between Queenslander and Sofala deposits. With JORC 2012 Resources of 352,000 oz of gold in the area, this project remains a high-value asset in the portfolio.

 Corporate Update: Loyalty Option Offer Boosts Capital Position

MinRex completed its Loyalty Option Offer, raising $227,351 through a shortfall placement of 129.5 million options (exercisable at 2 cents, expiring January 2030).

Current financial position:

  • Estimated cash runway: 17.8 quarters.

  • No near-term need for capital raising.

This strengthens MinRex’s capacity to maintain momentum across its multi-asset pipeline.


Commodity Tailwinds: Copper and Gold Rally Continues

MinRex’s strategy aligns with bullish trends in copper and gold, enhancing project economics and investor sentiment.

Copper (USD/lb)

  • Price: $5.77

  • 1-month change: +14.06%

  • YTD: +44.90%

Gold (USD/oz)

  • Price: $3,337.97

  • YTD: +27.19%

These surging prices underscore the value in MinRex’s exploration strategy.


 Share Snapshot & Investor Outlook

  • Share Price: $0.008

  • Market Cap: $9.76 million

  • 52-Week Range: $0.007 – $0.011

  • Shares on Issue: 1.08 billion+

While trading as a speculative microcap, MinRex offers significant leverage to exploration success—particularly with Fraser Range assays due and long-term commodity fundamentals trending upward.

 What’s Next?

MinRex’s strategic execution and financial discipline are placing it in a strong position as the market eyes new exploration catalysts. Expect the next quarter to bring:

  • Fraser Range assay results

  • Follow-up exploration at Sofala and Sunny Corner

  • Continued project de-risking backed by strong capital management

Conclusion

The June 2025 quarter saw MinRex Resources demonstrate clear progress across its diversified exploration portfolio. As key results from the Fraser Range Project approach and commodity markets continue their upward trend, the Company stands at a potentially transformational juncture. For investors seeking exposure to high-quality Australian exploration plays, MinRex offers a compelling mix of execution, upside, and market-aligned timing.

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