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Buxton Resources Limited (ASX:BUX)

ALERT: Price-sensitive ASX Announcement for BUX
Current share price for BUX : $0.039 -0.002 (-4.88%)+
Announcement
Release
30 Mar 2026 9:30AM
Price at Release
$0.041
Full Release
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Summary
Buxton Resources Limited announced a deal to sell its 49% interest in the Copper Wolf Joint Venture to IGO Limited for approximately A$6.15 million. This transaction is part of a binding Asset Sale Agreement between Buxton and IGO, allowing Buxton to retain 100% ownership of 30.5 km² of prospective land in Arizona’s copper belt while terminating IGO’s Right of First Refusal. The sale includes Buxton’s mining tenements, physical assets, technical data, and land access agreements related to the Copper Wolf Project. Buxton will focus on its exploration in Arizona with a strengthened financial position, unencumbered by previous joint venture obligations.
Key Points
  • Buxton sells 49% Copper Wolf JV interest to IGO for approx. A$6.15M
  • Termination of IGO's Right of First Refusal on Arizona projects
  • Buxton retains 100% ownership of 30.5 km² prospective ground
  • Transaction includes mining tenements, physical assets, and technical data
  • Buxton to focus on Arizona exploration with enhanced financial strength
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.