I can see the attempt, but yeah, this belt buckle is too damaged by rust. You can see the details on the writing and symbology that it's all fuzzy, not to mention all the random holes. I doubt this one can be salvaged.
your gonna have to take the long and annoying route of using metal filler thats like a paste and fill in the holes one at a time and slowly and sand it and rinse rather repeat god knows how annoying that is cause ive done it before