Key facts about Buxton Resources' drilling program

Buxton Resources (ASX:BUX) has announced significant assay results from its drilling at the Graphite Bull Project in Western Australia. A standout result includes 124 meters at 16.6% Total Graphitic Carbon (TGC) from a depth of 44 meters. Another result showed 56 meters at 14.4% TGC from 8 meters. These results suggest a potential increase in the project's resource size.

Overview and future strategy for Buxton Resources

Buxton Resources has achieved record-setting assay results from the Graphite Bull Project, indicating a potential increase in resource size. Located in the Gascoyne region of Western Australia, the project has confirmed high-grade graphite over extensive strike lengths. Buxton aims to update its Mineral Resource estimate by December 2024, with further assay results expected by mid-November. The company is conducting qualification test work with anode manufacturers, positioning itself in the battery material supply chain. The project stands to benefit from the increasing global demand for graphite, particularly in the lithium-ion battery market.

Executive insights on assay results and project outlook

Buxton's ongoing exploration at Graphite Bull continues to deliver exceptional results. We are highly encouraged by the latest assays which confirm the potential for a significant increase in resource size. The project is strategically positioned to meet the growing demand for graphite in the lithium-ion battery market. We are looking forward to further results and are confident in the project's future development.