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Buxton Resources Limited ( (AU:BUX) ) just unveiled an announcement.
Buxton Resources has secured up to A$487,295 in co-funding from Western Australia’s Exploration Incentive Scheme to support drilling and geophysics across its Centurion and Lateron copper-gold projects. The grants, spanning two co-funded drilling programs and a magnetotelluric survey, materially reduce funding risk for its 2026–2027 exploration plans and aim to refine drill targets in the Paterson region.
At Centurion, the company will combine a ground MT survey with passive seismic and reprocessed magnetic and gravity data to better image deep conductive structures before the next drilling phase. Meanwhile, heavy rains have left key access routes impassable, delaying the maiden drilling program at the Madman prospect, though management maintains it as a near-term priority and is working with local stakeholders and contractors to mobilise once conditions improve.
More about Buxton Resources Limited
Buxton Resources Limited is an Australian mineral exploration company focused on copper-gold projects in Western Australia. The company’s key assets include the 100%-owned Centurion and Lateron projects in the Paterson region, where it is targeting iron oxide-copper-gold and intrusive-related copper-gold mineralisation under shallow cover.
Average Trading Volume: 372,007
Technical Sentiment Signal: Hold
Current Market Cap: A$17.57M
See more data about BUX stock on TipRanks’ Stock Analysis page.