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Buxton Resources Limited ( (AU:BUX) ) has provided an announcement.
Buxton Resources has cleared key regulatory and logistical hurdles to progress its 100%-owned Madman Project in Western Australia toward maiden drilling, with licensing requirements resolved and earthworks contractors engaged to begin site works as early as late March 2026. The company has heritage clearances in place for up to 30 drill pads, is coordinating with Native Title groups for on-site monitoring of access track and pad clearing, and is targeting a Havieron-like magnetic anomaly about 220 metres below surface within a structurally favourable part of the Paterson Orogen, underscoring the project’s geological significance and its potential to materially enhance Buxton’s exploration pipeline if drilling confirms mineralisation.
The most recent analyst rating on (AU:BUX) stock is a Hold with a A$0.04 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 ASX-listed mineral exploration company focused on discovering and advancing base and precious metal projects in Western Australia. Its portfolio includes 100%-owned exploration assets such as the Madman Project, which is targeting Havieron-style gold-copper mineralisation within the highly prospective Paterson Orogen region.
YTD Price Performance: 33.33%
Average Trading Volume: 554,186
Technical Sentiment Signal: Sell
Current Market Cap: A$15.19M
For an in-depth examination of BUX stock, go to TipRanks’ Overview page.