Minrex Resources (ASX:MRR) 2026 execution plan targets rapid value creation at Tlamino

Minrex Resources has outlined a clear execution plan for 2026, translating the Electrum merger into measurable growth across its flagship Tlamino Gold Project in southern Serbia and its wider portfolio.

The company is pursuing a disciplined dual-stream approach, advancing near-term value creation through project development at Tlamino while simultaneously maturing its broader exploration assets, preserving longer-term optionality.

The plan focuses on converting the 2021 PEA foundation at Tlamino into a current Scoping Study, underpinned by fully funded, structured drilling, technical, environmental, and permitting programmes.

Highlights

• Mobilisation imminent for a ~7,000m drilling programme at Barje targeting upgrade from NI 43-101 Inferred to Indicated JORC 2012 resources.
• Step-out drilling to test +1km of the Barje–Liska corridor, seeking potential faulted repeats of high-grade mineralisation (>0.5 Moz).
• Gold and silver price increases of 200% and 360% since the 2021 PEA enhance economic potential.
• Parallel exploration at Timok East, Karamanica, and Sofala to generate high-confidence, ranked drill targets for 2027.
• Integrated environmental baseline and permitting programme designed to support Scoping Study delivery and subsequent Feasibility Study.

The Barje Deposit remains the central focus, hosting a NI 43-101 Inferred Resource of 7.1 Mt at 2.5 g/t Au and 38 g/t Ag, totalling 670,000 oz AuEq at 2.9 g/t AuEq.

The 2026 drilling programme will convert a majority of these inferred resources into Indicated JORC 2012 classification through a ~3,200m infill diamond drilling campaign supported by geotechnical and hydrogeological holes, while step-out drilling of ~1,000m will test lateral continuity and a ~3,000m Phase 2 programme will explore the Barje–Liska corridor, targeting structural repetitions of high-grade mineralisation.

Metallurgical work builds directly on prior ALS campaigns, with flotation of Au–Ag-bearing sulphide concentrates and updated process assumptions incorporated into the current Scoping Study.

Geologically, the Barje–Liska system is an intermediate-sulphidation epithermal system developed in the hanging-wall of the Crnook metamorphic core complex.

High-grade Barje Au–Ag mineralisation is associated with the E–W Barje Fault and the Liska–Barje Detachment, while Liska hosts Pb–Zn–Ag distal expression, with structural fluid conduits, fault intersections, and temperature-controlled metal zonation guiding the targeting framework.

Minrex CEO Max Piirto commented,

“The remainder of 2026 is about turning Tlamino’s strong foundation into tangible value. Fully funded from existing reserves and concurrently maturing Timok East and Karamanica, Minrex is exceptionally well placed to deliver a sequence of value-accretive milestones this year”.

Environmental and permitting workstreams are structured to deliver a comprehensive baseline dataset across air, water, soil, noise, and biodiversity components, ensuring a seamless transition into the EIA, IPPC permitting, and operational monitoring.

Community engagement and local recruitment are embedded from the outset to secure social licence, with 100% of geological field technicians for 2026 recruited locally.

Beyond Tlamino, Minrex is actively maturing the Timok East, Karamanica, and Sofala projects through detailed geological, geophysical, and geochemical review, generating ranked, drill-ready targets for potential follow-up in 2027.

The 2026 execution plan positions Minrex to deliver near-term economic value through Tlamino development while protecting optionality across its broader portfolio.

Gold and silver appreciation since 2021 further amplifies the opportunity, providing a robust platform for Scoping Study completion, feasibility advancement, and strategic positioning in one of the world’s most prolific mineralised belts