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Bubalus Resources Limited (ASX:BUS)

ALERT: Price-sensitive ASX Announcement for BUS
Current share price for BUS : $0.075 -0.035 (-31.82%)+
Announcement
Release
5 Feb 2026 8:39AM
Price at Release
$0.110
Full Release
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Summary
Bubalus Resources Limited (ASX: BUS) has confirmed a gold-bearing system at their Avon Plains project following a maiden drilling program. This program resulted in significant gold assays, confirming the presence of a northwest trending quartz reef. Despite modest grades, the findings suggest potential for higher grades similar to historical mining. The company is considering further work at Avon Plains and shifting focus to other projects like Wilson’s Hill Gold and Amadeus Critical Minerals. The exploration remains open in all directions, suggesting further potential discoveries.
Key Points
  • Maiden 15 hole drilling program generates results up to 1.26 g/t gold at Avon Plains.
  • Gold-bearing system confirmed with a northwest trending quartz reef.
  • Potential for further drilling programs and geochemical sampling at Avon Plains.
  • Bubalus Resources Limited is exploring additional projects, including Wilson’s Hill Gold and Amadeus Critical Minerals.
  • Exploration at Avon Plains is open in all directions, indicating more potential findings.
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.