BUX 3.33% 5.8¢ buxton resources limited

Ann: Exceptional results from maiden drill hole at Copper Wolf, page-13

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  1. 2,247 Posts.
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    decent grades. in line with the porphyry benchmark. Scale and a honing into a high-grade core is key for success with porphyry's.

    depth will be the greatest challenge for this asset.

    a couple of good projects across various stages re copper porphyry's to compare this to is: solgold (cascabel) development asset, sunstone resources (el Palmer and Bramaderos assets and filo mining's asset).

    having exploration costs eliminated is a significant influencing factor when exploring for copper porphyry's as they often require deep drilling!

    overall copper macro is good and announcement is well timed with US copper critical minerals listing.

    I already have my fill on a porphyry explorer through STM however this certainly isn't something to yawn at.
    Last edited by Gainzmaster5000: 28/08/23
 
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