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Buxton Resources Limited (ASX:BUX)

ALERT: Price-sensitive ASX Announcement for BUX
Current share price for BUX : $0.041 -0.002 (-4.65%)+
Announcement
Release
30 Apr 2026 8:27AM
Price at Release
$0.043
Full Release
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Summary
Buxton Resources Limited released its Quarterly Activities Report and Appendix 5B for the period ending 31 March 2026. The report highlights several key activities, including the execution of a binding Asset Sale Agreement for its Copper Wolf Project, where Buxton sold its 49% interest to IGO Limited for approximately A$6.15 million. The Madman Project saw significant progress, with all necessary licenses and approvals secured for a maiden drilling program. The company reported cash reserves of approximately A$0.66 million at the end of the quarter, with exploration expenditures totaling A$0.247 million. A subsequent placement is expected to raise around A$3.0 million to fund further exploration and working capital. No material exploration activities were announced for other projects during the quarter, and the company continues to focus on generative work and project assessments across its portfolio in Western Australia and Arizona.
Key Points
  • Execution of a binding Asset Sale Agreement for the Copper Wolf Project.
  • Significant progress in the Madman Project with secured approvals for drilling.
  • Cash reserves of approximately A$0.66 million as of 31 March 2026.
  • Exploration expenditures of A$0.247 million for the quarter.
  • Subsequent placement expected to raise A$3.0 million.
  • No material exploration activities announced for other projects.
  • Focus on generative work and project assessments in Western Australia and Arizona.
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.