https://thewest.com.au/business/bulls-n-bears/buxton-set-for-heavy-workload-with-igo-backing--c-13420587Buxton Resources’ growing union with mining giant IGO has set up the company for a big 2024, with the latter pumping in $579,000 to help fund a new exploration campaign at their Copper Wolf joint venture (JV) project in Arizona.
It comes on the back of a busy financial quarter where Buxton also advanced its Graphite Bull and Quick Shears projects in Western Australia.
Management this week revealed financial figures from its latest quarter, showing it had nearly $1.6 million in the bank at the end of December before receiving the Copper Wolf cash call from IGO. The quarterly numbers also included a $500,000 milestone payment from the company’s ASX 100-listed partner in relation to their Quick Shears JV.
2024 is shaping up to be a busy year for Buxton with drilling planned at Copper Wolf in Arizona, at Graphite Bull in the Murchison and at the Dogleg discovery in the West Kimberley. We’ll progress our grassroots portfolio in WA, including securing permitting and access to the Centurion target and will continue our project generation and assessment of high-quality opportunities.
Buxton Resources chief executive officer Marty Moloney
https://thewest.com.au/business/bulls-n-bears/buxton-set-for-heav...
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