(ASX: BUXTON RESOURCES LTD: BUX )
SP: 28c
MC: $21.25Million Cash: $1,470,000 plus recent placement that raised $500,000 = $1,970,000 www.buxtonresources.com.au
Buxton listed on the ASX (October 2007). The goal of Buxton Resources is to create shareholder wealth through the discovery and development of world-class precious metal, base metal and iron deposits. The strategy is two-fold and runs in parallel, consisting of project evaluation and project acquisition.
The Company has four projects in Western Australia which it believes have the capability of delivering world-class discoveries. The key drivers for success will be rapid assessment using cost-effective innovative exploration techniques with accelerated funding directed to those projects which meet key decision points and exceed internal technical hurdles.
Buxton will also assess other mineral projects (and acquire where appropriate) those which have known mineralisation, strong technical merit and a real chance of delivering success.
Catalysts: Buxtons Largest Shareholder Increased their Stake by $500,000 and field work at Double Magic progressing
Via a Placement to the NBH group, that will inject funds to facilitate exploration at the Double Magic Nickel Copper Project with an upcoming 10,000 metre RC and Diamond Drill Program
Double Magic - The Golden Hidden Gem – Extract Below is from the 30.4.17 Quarterly
Please DYOR as this is not a buy or sell recommendation
Cheers
GF
