excellent news.
no point in delineating a mineable resource if that resource can't be used for downstream applications. Becomes a big pile of useless junk.
Now they've shown that the deposit is highly amenable to downstream processes. Meaning that have not wasted time and funding drilling a resource that is worth nothing into a graphite cycle which is in the toilet.
the proof in this is looking at other graphite plays in australia who have been delineating resources and hitting massive intercepts only to go down in price. that's burning cash and going nowhere. Glad BUX didn't go that pathway.
Now they can look to secure funds to drill out the resource (depth already confirmed to extend via the diamond drill program) and increase it to a mineable resource size. Again the option with the project could be to JV secure funds and capital. some of which can be used at graphite bull others may support the resource drilling at copper wolf.
Excellent work by the team.
SF2TH
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RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
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