Buxton Resources Ltd (ASX:BUX) Reports 345% Expansion in Graphite Resource
Mineral Resource Expansion
Buxton Resources Ltd (ASX:BUX) has significantly expanded its Graphite Bull Project’s Mineral Resource Estimate (MRE). The updated MRE, prepared by ERM, now reports a total of 20.7 Mt @ 10.8% Total Graphitic Carbon (TGC) at a 7% TGC cutoff, containing 2.25 Mt graphite—a 345% increase. Of this, 40% is classified as Indicated Resources, reinforcing the project’s economic potential.
Project Highlights
Graphite mineralisation extends along a 1.6 km trend, featuring multiple high-grade zones and a newly identified hanging-wall zone, likely enhancing project economics. The mineralisation remains open down-dip, presenting opportunities for additional shallow resource tonnes along strike.
Executive Comments
CEO Marty Moloney stated, “This outstanding outcome is the latest encouraging result from multiple phases of work undertaken over the past 2 years. This updated MRE improves the tonnage, thickness, strike extent and geological confidence of the Graphite Bull Project, with numerous shallow drill targets remaining as exploration upside.”
Next Steps
Downstream qualification testwork on Graphite Bull ore and flake is ongoing at BTR’s in-house laboratories. The work includes flotation, spheroidisation, purification, and anode/cell manufacture, building on two years of successful SPG product testwork in WA and Germany. Buxton will use BTR’s results and internal economic assessments of the updated MRE to guide future work.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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