Buxton Resources Limited (AU:BUX) has released an update.
Buxton Resources Limited has been advancing its various mining projects, with drilling activities set to ramp up following successful heritage surveys and permit acquisitions. The company has bolstered its financial position through a $2.5 million share placement, ending the quarter with a cash balance of $2.9 million, further enhanced by a subsequent $370k raise. Key developments include the preparation for extensive drilling at the Graphite Bull Project and the commencement of a drilling program at the Copper Wolf Project in Arizona.
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