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.
Motley Fool contributor Aaron Shaw 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.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.