Buxton Resources Limited (AU:BUX) has released an update.
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Buxton Resources Limited reports promising results from its ongoing drilling program at the Graphite Bull and Narryer Projects, with significant graphite intersections and a completed diamond drilling phase. Aiming to bolster a substantial Mineral Resource Estimate by Q4 2024, the company has encountered over 68 metres at greater than 10% total graphitic carbon (TGC) and is advancing product qualification with partners in China. The latest drilling efforts are expected to significantly increase the current resource estimate, supported by both the recent and 2023 drill programs.
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