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Buxton Resources Limited (ASX:BUX)

ALERT: Price-sensitive ASX Announcement for BUX
Current share price for BUX : $0.039 0.008 (25.81%)+
Announcement
Release
2 Oct 2025 8:29AM
Price at Release
$0.031
Full Release
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Summary
Buxton Resources Limited (ASX: BUX) has announced promising results from its Centurion Project in the Great Sandy Desert, Australia. The project aims to explore potential mineral deposits, highlighted by strong pathfinder assays from drillhole CN002DD. Partial leach assays have revealed significant anomalies in silver, tungsten, molybdenum, rhenium, copper, and zinc, suggesting a potential nearby source for these elements. The project is strategically located near major crustal boundaries, with geophysical surveys indicating the presence of IOCG-style mineralisation. Further assays and geological studies are planned to refine exploration targets and guide future drilling efforts.
Key Points
  • Silver assays up to 4.57 g/t from drillhole CN002DD.
  • High silver associated with tungsten, molybdenum, rhenium, copper, and zinc.
  • Drillhole CN002DD in the Centurion Project shows potential for base-metal and precious-metal deposits.
  • The project is positioned at a strategic intersection of major crustal boundaries.
  • Geophysical surveys suggest IOCG-style mineralisation.
  • Further assays and geophysical studies are planned to guide future drilling.
  • Buxton Resources has entered into Heritage Protection Agreements with local Aboriginal Corporations.
  • The project area does not contain registered heritage sites according to the Aboriginal Cultural Heritage Inquiry System.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.