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Buxton Resources Limited (ASX:BUX)

ALERT: Price-sensitive ASX Announcement for BUX
Current share price for BUX : $0.038 -0.003 (-6.17%)+
Announcement
Release
30 Jun 2026 8:21AM
Price at Release
$0.041
Full Release
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Summary
Buxton Resources Limited has completed the sale of its 49% interest in the Copper Wolf Project joint venture assets located in Yavapai County, Arizona, to IGO US Project LLC, a wholly owned subsidiary of IGO Limited, for a total of AUD$5,911,776 plus USD$168,000. This transaction, finalized on June 29, 2026, significantly strengthens Buxton’s balance sheet and provides the financial flexibility to accelerate their exploration activities in both Arizona and Western Australia. Buxton retains 100% ownership of approximately 30.5 km² of highly prospective exploration ground in Arizona, including the Wolverine, Sun Devil, and Aztecs targets. The completion of this sale also terminates IGO's Right of First Refusal, thereby restoring Buxton’s strategic autonomy and enabling them to pursue new project acquisitions.
Key Points
  • Buxton Resources Limited completed the sale of its 49% interest in the Copper Wolf Project.
  • The sale was to IGO US Project LLC for AUD$5,911,776 plus USD$168,000.
  • The transaction significantly strengthens Buxton's balance sheet.
  • Buxton retains 100% ownership of approximately 30.5 km² of exploration ground in Arizona.
  • This includes the highly prospective Wolverine, Sun Devil, and Aztecs targets.
  • The sale terminates IGO's Right of First Refusal, restoring Buxton’s strategic autonomy.
  • Buxton plans to focus on exploration activities in Arizona and Western Australia post-sale.
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.