Buxton Resources Limited (AU:BUX) has released an update.
Buxton Resources Limited reports promising high-grade iron ore findings, with over 41% iron content across a 2km strike at their Stonehut prospect in the Narryer Project. The samples exhibited a coarse grain size and minimal amounts of deleterious elements, indicating high-quality magnetite. These results, combined with favorable exploration conditions, including accessible terrain and water resources, are setting the stage for further exploration to assess the site’s economic potential.
For further insights into AU:BUX stock, check out TipRanks’ Stock Analysis page.