Buxton Resources (ASX:BUX) Narryer Project Update

Buxton Resources Ltd (Buxton; ASX:BUX) has reported significant assay results from the Narryer Project, with Ranger RC drillhole NY001RC intersecting 20 m @ 9.06% Total Graphitic Carbon (TGC) within a 57.7 m thick graphitic zone. The ground EM review suggests that graphite mineralisation extends close to the surface, and the AEM review has defined 19.1 km of strike prospective for similar mineralisation. These results highlight the discovery of a potentially significant new graphite province within Buxton's 100% owned Narryer Project.

Executive Commentary

Buxton is pleased to announce the discovery of a substantial graphite province within our Narryer Project. The assay results from NY001RC are very encouraging, and the ground EM and AEM reviews have provided valuable insights into the potential of the area. We are currently preparing work programs for follow-up ground EM and additional assessment of the sample material from NY001RC. These findings further strengthen our confidence in the Narryer Project's potential for flake graphite and other mineral deposits. We are committed to advancing our exploration efforts to unlock the full value of this project.

Summary

Buxton Resources (ASX:BUX) has announced significant assay results from the Narryer Project, indicating the discovery of a potentially substantial graphite province. The intersections from the Ranger RC drillhole NY001RC, particularly the 20 m @ 9.06% TGC within a 57.7 m thick graphitic zone, are highly promising. The ground EM review suggests that graphite mineralisation extends close to the surface, and the AEM review has defined 19.1 km of strike prospective for similar mineralisation. Buxton is preparing work programs for follow-up ground EM and additional assessment of the sample material from NY001RC, demonstrating the company's commitment to further explore the potential of the Narryer Project. The company aims to test the AEM conductors to determine if they are related to similarly thick and high-grade graphite mineralisation as intersected in NY001RC. These developments underscore Buxton's dedication to maximizing the value of the Narryer Project and its potential for various mineral deposits.