Vantage Metals Limited (renamed and re-ticked from Belararox Limited/ASX:BRX to ASX:VAN in a shareholder-approved rebrand effective ~17 July 2026) is a mineral exploration company. Its named flagship is the 100%-owned Kalahari Copper Project in northwestern Botswana -- roughly 3,900 square kilometres across 14 licences within the Kalahari Copperbelt, near Maun and adjacent to MMG's Khoemacau copper hub. Diamond drilling for sedimentary-hosted copper began in August 2026, testing three priority areas designed to define the Ngwako Pan-D'Kar geological contact that controls copper mineralisation in the belt, guided by aeromagnetic and airborne EM data; the program is planned to run at least until October 2026. The company's secondary asset is the Toro-Malambo-Tambo (TMT) project, 32,000 hectares in San Juan Province, Argentina, targeting a copper-gold-silver-zinc porphyry/epithermal system -- recent work includes high-grade drilling at the Toro Central prospect and the addition of the 22km2 El Faro tenement adjacent to the Toro South target. Will Dix was appointed CEO effective 1 April 2026, bringing more than 25 years of base metal, precious metal and uranium exploration and mining experience. No Mineral Resource estimate has yet been defined at either project.
Lifecycle Milestones
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Your Rankings
Management Team
Mining executive with 45+ years' experience; currently Non-Executive Chairman of Nimy Resources Ltd and Belararox Ltd.
Geologist with three decades of experience in base metal, gold and uranium exploration. Degrees from Monash University; also serves as non-executive director at Breakthrough Minerals and Stelar Metals.
Over 30 years' experience in senior executive roles across public and private sectors, specialising in commercial and financial management. Founded Latin Resources Limited; currently Non-Executive Chairman of Solis Minerals and Core Energy Minerals.
Attorney with more than 30 years' experience in commercial and corporate affairs in Australia and Southern Africa. Currently directs Bassari Resources, Pacific Bauxite NL and Abyssinian Gold PLC.
Mining engineer and project-management specialist with global open-pit operations experience. Director of Mining Investments & Project Development at Integra Capital. Appointed August 2026.
Board member and Company Secretary of Legacy Iron Ore Limited.
Over 25 years' experience in mining and mineral-processing sectors. CPA; former Finance and Business Services Manager at De Grey Mining. Appointed CFO August 2026, bringing finance in-house.
More than 15 years of experience in mining and exploration across multiple commodities and international locations.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Ticker/name both changed from BRX/Belararox Limited to VAN/Vantage Metals Limited ~17 Jul 2026 -- this is seeded under the current live ASX code (VAN, confirmed free of any Miner collision), not the defunct BRX code the UniverseCandidate row still carries. commodity=COPPER: both Kalahari (sedimentary-hosted Cu) and TMT (Cu-Au-Ag-Zn porphyry) are copper-primary targets. jurisdictionRiskScore/country (Botswana, 8) reflect the explicitly-named flagship (Kalahari) rather than the secondary Argentina project -- TMT's own jurisdiction (San Juan, Argentina) would score 6 per this schema's existing San Juan convention, a real but secondary consideration given the flagship is Botswana. stage=GRASSROOTS: no resource or economic study exists at either project -- both are still at target-definition/discovery drilling. cashPositionUsd and projectOwnershipPct deliberately NOT written: no primary-sourced current cash figure was found this pass, and while Kalahari is described as 100%-owned no single source pinned that percentage together with a citable URL distinct from the descriptive text already in this row.