Buxton Resources (ASX:BUX) Updates Copper Wolf JV with IGO
JV Stake Increase
IGO Limited has elected to earn an additional 19% interest in the Copper Wolf Project by investing A$5.35 million in exploration and development over three years. This investment will increase IGO’s stake to 70%, signalling strong confidence in the project’s potential.
Project Development
The additional funding will support exploration activities through June 2025, focusing on geophysical surveys to target high-grade porphyry mineralisation at depth. Buxton Resources maintains a free-carried interest in the JV tenements and retains full interest in a 30.5 km² surrounding area, which includes highly prospective extensions and drilling targets.
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