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Buxton Resources Limited (ASX:BUX)

ALERT: Price-sensitive ASX Announcement for BUX
Current share price for BUX : $0.040 0.003 (8.11%)+
Announcement
Release
7 Oct 2025 8:24AM
Price at Release
$0.037
Full Release
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Summary
Buxton Resources Limited has announced the expansion of their Centurion Project in Western Australia to over 667 km². This expansion, which follows promising assay results from recent drilling, secures additional targets considered potentially prospective for IOCG-style mineralisation. The company has secured a new exploration license to cover key extensions and will start geophysical surveying in October, with results anticipated by early November. Buxton has received government grants to support the drilling program, which faced initial challenges but continues with new strategic drill planning informed by geophysical data.
Key Points
  • Buxton Resources Ltd expands Centurion Project to over 667 km².
  • The project secures additional targets with excellent regional structural context.
  • Expansion follows promising pathfinder assay results from drillhole CN002DD.
  • Geophysical surveying to begin in October with results expected in early November.
  • Exploration License Application E80/6175 was secured to cover key strike extensions.
  • A significant gravity anomaly was identified within the expanded project footprint.
  • Buxton awarded a grant to offset drilling costs at Centurion and commenced drilling in July 2025.
  • Drillhole CN001DD was abandoned due to collar instability, CN002DD proceeded till 808.9 meters depth.
  • The Centurion Project is in a prospective regional structural setting, potentially hosting IOCG mineralisation.
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.