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BUX - Buxton Resources

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BUXton continues recovery at 14c. Probably due to exploration and drilling at West Kimberley, Goldmember, and Merlin.
 

Home - Buxton Resources Limited

www.buxtonresources.com.au
A nearology share going back to 2012 in the Fraser Range. Now involved with IGO and hoping they'll find another Nova Bollinger, referring to the big Sirius Resources' nickel copper find.
 
BUX up from 7c to 10c in the last couple of weeks. Could the promised Yalbra Graphite Project update be generating some interest?

With less than $2 million cash at bank, a capital raise can't be to far away. It would be in the company's interests to generate some excitement and kick the share price intro gear before that become necessary.

 

Projects - Buxton Resources Limited

www.buxtonresources.com.au
Buxton's Western Australian Project portfolio includes exposure to a belt-scale magmatic nickel-copper sulphide opportunity in the West Kimberly and the Fraser Range (both being managed by IGO Limited under Joint Venture agreements), the high grade Yalbra graphite resource, and the Goldmember grassroot gold Project in the Eastern Goldfields region.
 

Figure 1. Location of the Royale Project along strike from several world class Cu and Au mineral deposits

Buxton's Royale Project is a large, 100% owned Greenfields Cu-Au-Mo play in the highly mineralised Paterson Region of Western Australia where recent reconnaissance geochemistry has highlighted proceptivity of a belt for porphyry-style mineralisation.
 

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I took a punt in Buxton on the results Tuesday at 10c a share as I thought the reaction to further interest by IGO was not as enthusiastic as It should have been. The intraday price Thursday was 12.5c closing at 11.5c. Some think that IGO got a far better deal than they should have though this does free up more cash as far as Buxton is concerned for their graphite interest at Yalbra.
 
Yalbra Graphite - Buxton to advance 100% owned Yalbra Graphite Project•Program of Works submitted with a view to delineating Indicated Resources at Australia’s highest grade graphite resource1•Product test work ongoing - May 2022
Yalbra Project is located approximately 280km inland from Carnarvon, Western Australia.The Yalbra Project hosts a high-grade, outcropping graphite resource located in the most attractive mining jurisdiction in the world2. Buxton previously announced an expanded inferred JORC resource of 4.0Mt @ 16.1% TGC (total graphitic carbon), with the orebody demonstrating robust continuity of both grade and thickness...
 
Back to 12.5c and a bit more encouraging as the IGO tie-ups start to be slightly recognised. A very slow share this one over the last eleven years and may just now have started to show its potential.
Live chart: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^BUX&p=5&t=1
Chart 2015 - 2022: http://www.advfn.com/p.php?pid=staticchart&s=ASX:BUX&p=9&t=27
 
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Buxton continues its slow move forward to close at 14.5c up 2.5c on the day. The company's share price has proved to be reluctant to move upwards without falling back again after all, BUX needs a great deal pf patience - the projects are moving forward slowly but surely.
Live charts: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^BUX&p=0&t=1
https://uk.advfn.com/p.php?pid=staticchart&s=ASX^BUX&p=5&t=1
https://uk.advfn.com/p.php?pid=staticchart&s=ASX^BUX&p=9&t=1
 
At the 18.5c close today I'm up 85%. Maybe this will be a good year for me after a terrible 2022. At 46c it will have wiped out all of last years debacle as I've punted a fair wedge in this one and Jupiter Mines JMS at 21c. Mining shares are always high risk so we take a gamble each time and especially the microcap explorers - good luck.
 
EXPLORATION UPDATE
Graphite Bull 100% BUX, Gascoyne Region, Western Australia
• Ground EM results indicate potential for significant additional graphite
resources along strike and at depth from the existing high-grade Resource
• Scout drilling program to test for strike extensions is imminent.
7 February 2023
Https://stocknessmonster.com/announcements/bux.asx-6A1135289/​
 
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