Buxton Resources Gains Strategic Endorsement from IGO for Copper Wolf Project

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Buxton Resources Gains Strategic Endorsement from IGO for Copper Wolf Project

The latest update is out from Buxton Resources Limited ( (AU:BUX) ).

Buxton Resources Limited announced that IGO Limited has elected to increase its stake in the Copper Wolf Project to 70% by investing an additional A$5.35 million in exploration and development. This decision highlights the strategic importance of the Copper Wolf Project and represents a significant endorsement by IGO, a leading ASX-listed mining company. The investment will focus on assessing the feasibility of geophysical surveys to target high-grade porphyry mineralisation, thereby advancing the project’s technical understanding and reducing investment risk for Buxton.

More about Buxton Resources Limited

Buxton Resources Limited is a mining company focused on exploration and development projects, particularly in the copper and molybdenum sectors. The company is involved in the Copper Wolf Project in Arizona, USA, which is situated in a region known for its rich copper deposits.

YTD Price Performance: -45.00%

Average Trading Volume: 14,000

Technical Sentiment Signal: Buy

Current Market Cap: €3.98M

See more insights into BUX stock on TipRanks’ Stock Analysis page.

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