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An update from Buxton Resources Limited ( (AU:BUX) ) is now available.
Buxton Resources Limited has provided an update on its ongoing exploration activities, particularly highlighting the Centurion project where drilling efforts have faced challenges due to surface instability and loose sands. Despite these setbacks, the company is conducting geochemical and petrographic analyses to assess the potential for economically viable mineral deposits. Additionally, Buxton has implemented a temporary 50% reduction in cash remuneration for its board and senior executives to preserve shareholder capital during a period of reduced field activity, while also exploring options to accelerate exploration at the Copper Wolf project in Arizona.
More about Buxton Resources Limited
Buxton Resources Limited is a company engaged in the exploration sector, focusing on discovering and developing mineral resources. The company is involved in various exploration projects, including the Centurion and Copper Wolf projects, with a market focus on identifying economically viable mineral deposits.
YTD Price Performance: -24.39%
Average Trading Volume: 915,565
Technical Sentiment Signal: Sell
Current Market Cap: A$10.65M
Learn more about BUX stock on TipRanks’ Stock Analysis page.