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BUX - Buxton Resources

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The long struggle by Buxton in chart form since 2009.

Buxton Resources Limited STOCK Price Forecast - BUX AU Australia Chart Analysis

Buxton Resources Limited STOCK Price - BUX AU Australia Technical Analysis, Forecast, Important Levels, Latest News, Interactive Charts.
bazaartrend.com

The high point since 2009 was 64c in October 2012 so at 25c there is still a long way to go. Or 92c allowing for inflation.
 
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The Buxton share price has slipped back from a high of 27c intraday. The prospects look very good but in these markets for microcap explorers it's difficult to be quite certain.
https://uk.advfn.com/p.php?pid=staticchart&s=ASX^BUX&p=5&t=1

22 February 2023 - Graphite Bull 100% BUX, Gascoyne Region, Western Australia
Https://app.sharelinktechnologies.com/announcement/asx/8411e60f43bf55365331813c367dcb05

14 February 2023 - COPPER WOLF PROJECT UPDATE Copper Wolf BUX 100% / IGO Option to earn 70%, Arizona, USA

Stockness Monster!

stocknessmonster.com

Company website: https://www.buxtonresources.com.au/
 
Buxton has retreated from 25c to 18c and I should have sold at 25c but I hesitated and the chance was lost. Thoughts are that it is uncertain whether the graphite is battery grade material causing the pull back combined with profit taking - that is only a view expressed by some so I will investigate further.
Live Chart: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^BUX&p=5&t=1
 
This was the 2014 original drilling report for graphite at Yalbra. High Grade but what is high grade versus the size of the graphite? Always a conundrum looking at High Grade gold and bonanza gold finds the terms first used a long time back and quite dated now.

Buxton Resources in monster graphite hits at Yalbra

Buxton Resources (ASX:BUX) will enter substantially higher after emerging from a trading halt to show off a truly goliath graphite intercept of 127 metres...
www.proactiveinvestors.co.uk
Referred to as a 'truly goliath graphite find' and now known as one of Australia's largest. The test now is whether a major is interested - so far nothing is reported so buying the shares is a bit of a gamble but at 18c looks a fair evens bet I reckon.
 
Battery Grade Graphite:

Spherical graphite (SpG), also known as battery-grade graphite, is the product that is consumed as an anode in lithium-ion batteries. Flake graphite concentrate is processed into ultra-high-purity (>99.95% C) with particle sizes ranging from 10 micron to 25 micron. These are then used as a battery anode material.

Tesla has agreed to a deal with Magnis Energy Technologies, which makes materials for electric-vehicle batteries, to secure supplies of graphite. Because of losses in the manufacturing process, it actually takes over 30 times as much graphite to make the batteries. There is up to 10 kgs of graphite in the average HEV and up to 70 kgs in an EV. There is far more in a Tesla Model S.

Lithium stole the spotlight last year as demand for electric vehicles ballooned, yet a critical component of lithium-ion batteries, graphite, has been mostly overlooked. Without graphite a lithium battery simply won't work and there is no real substitute.

Graphite is thus considered indispensable to the global shift towards electric vehicles. It is also the largest component in lithium-ion batteries by weight, with each battery containing 20-30% graphite.

World’s first battery-grade graphite producer outside of China​

Australia’s Renascor Resources has confirmed it has raised AUD 15 million ($11.6 million) to fund its Siviour battery anode material project up to the construction phase. The project will be the world’s first integrated mine and purified spherical graphite operation outside of China.
 
Moving on. Buxton's original grade graphite before 2022/2023 drilling is 4 Mt @ 16.2 % TGC Total Graphite Carbon.

A similar company Burke Graphite at least by grades anyway: https://lithiumenergy.com.au/graphite/burke-graphite-project/
Testwork has confirmed that the Burke Graphite Project contains very high grade natural graphite that is able to be processed by standard flotation technology to international benchmark product categories for use in Lithium-ion batteries.
The Burke Graphite Deposit is one of the highest-grade graphite deposits globally, with a JORC Inferred Mineral Resource of 6.3Mt @ 16.0% Total Graphitic Carbon (TGC) (with a TGC cut-off grade of 5%) for 1,000,000 tonnes of contained graphite (including a high grade component of 2.3Mt @20.6% TGC).

As Buxton Resources' graphite is the same grade as Burke Graphite's it is very likely, though not confirmed, to be battery grade if processed by standard flotation technology to international benchmark product categories for use in Lithium-iron batteries.
 

Copper - 2023 Data - 1988-2022 Historical - 2024 Forecast - Price - Quote - Chart

Copper futures extended hovered near $4.1 per pound in late March, the highest in three weeks, as expectations of strong demand and concerns of lower supply offset the sharp rebound for the greenback. Fresh data showed that copper demand in China rose by 13 percent year-on-year in February...
tradingeconomics.com
 
Buxton's next drilling announcement looks likely to be the The Copper Wolf contract where drilling started in March, in Arizona. IGO has an option to earn up to 70%. Further results are expected for the Graphite Bull project.
 
GRAPHITE BULL UPDATE – Metallurgy, Drilling
May 17, 2023

Stockness Monster!

stocknessmonster.com
• An excellent 92.1% recovery into 96.7% TGC con for Bulk Sample #2
 
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COPPER WOLF PROJECT – Drilling
June 5, 2023
Https://hotcopper.com.au/threads/ann-copper-wolf-project-drilling.7414672/?source=email
Buxton Resources Ltd (ASX: BUX) is pumped to update shareholders that it has made a major breakthrough at its Copper Wolf Project in Arizona. The company's first drill hole, CW0001DD, has reached a depth of 611.67 meters and has so far intersected 81.93 metres of basement rocks with veining, alteration, and mineralization throughout which is consistent with a Laramide Cu-Mo porphyry system (Figure 1).
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Buxton Resources appears to have struck copper and Molybdenum at Copper Wolf.​
 
Buxton shares have tumbled 44% to 14c after disappointing drilling at Copper Wolfe. The delay in graphite test results from Graphite Bull has reduced interest.
 
Still waiting for the Graphite Bull test results. Hopefully the 2nd hole at Copper Wolfe will continue and results will be better.

Buxton Recommence Copper Wolf Drilling

With the rig once again spinning over the Arizonan project, the Company has once again reaffirmed its confidence by increasing the Project's tenure to 29.5 km2
themarketbull.com.au
 
GRAPHITE BULL UPDATE – Downstream Processing Success
• Excellent results from ProGraphite on first bulk concentrate sample;
o Li-ion battery quality benchmarks exceeded by simple caustic
bake purification; 99.97% TGC easily achieved
August 7, 2023
 
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