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Buxton Resources Limited ( (AU:BUX) ) has issued an announcement.
Buxton Resources has secured all key licences and regulatory approvals required to launch its maiden drilling program at the 100%-owned Madman copper-gold Project in Western Australia. The company has finalised a miscellaneous licence, obtained work approvals for drill pads, camp and track construction, and engaged McKay Drilling, with rig mobilisation and site earthworks scheduled to start in April.
The drilling will test a discrete magnetic anomaly located about 220 metres below surface that closely resembles the signature of the Havieron gold-copper deposit, one of Australia’s largest undeveloped underground gold reserves. Supported by regional geological evidence of a large gold-bearing hydrothermal system and backed by up to A$180,000 from the WA Government’s Exploration Incentive Scheme, the program marks a potentially significant catalyst for Buxton as it targets another frontier-style discovery in the Paterson Orogen.
The most recent analyst rating on (AU:BUX) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Buxton Resources Limited stock, see the AU:BUX Stock Forecast page.
More about Buxton Resources Limited
Buxton Resources Ltd is an Australian mineral exploration company focused on discovering and developing copper and gold deposits. The company targets highly prospective geological terrains such as the Paterson Orogen in Western Australia, aiming to generate province-scale discoveries that can attract major partners and create long-term value for shareholders.
Buxton’s exploration portfolio includes 100%-owned projects like the Madman copper-gold prospect, where it applies advanced geophysical modelling and deep diamond drilling. Its strategy emphasises frontier-style targets with analogues to large undeveloped deposits, positioning the company as a high-risk, high-reward explorer in the competitive resources sector.
YTD Price Performance: 30.30%
Average Trading Volume: 500,937
Technical Sentiment Signal: Sell
Current Market Cap: A$14.84M
Learn more about BUX stock on TipRanks’ Stock Analysis page.