Buxton almost doubles Yalbra graphite Resource

THE DRILL SERGEANT: Buxton Resources (ASX: BUX) has reported an updated JORC (2012) Code-compliant Mineral Resource for the Main Zone at the company’s Yalbra graphite project (Yalbra), located east of Gascoyne Junction in Western Australia.

The company said the update had almost doubled the resource estimate for Yalbra, taking it to:

4 million tonnes at 16.2 per cent total graphitic carbon (TGC) with an Inferred component of 650,000 of tonnes contained graphite.

Buxton believes this to be the highest reported grade JORC graphite resource in Australia.

Buxton completed a second round of drilling at the Yalbra graphite projectin July this year.

Drilling within the Main Zone of the project intersected widths of high-grade graphite mineralisation across multiple parallel zones and extended graphite mineralisation approximately 200 metres.

“Buxton commenced exploration at the Yalbra graphite project in 2013,” Buxton Resources Chairman, Seamus Cornelius said in the company’s announcement to the Australian Securities Exchange.

“Since that time we have completed two drilling programs and defined what we believe to be the highest reported grade JORC graphite Mineral Resource in Australia.

“This remains a very exciting time for the company given the potential to expand the resource along strike and at depth.

“We are about to embark on the key steps to realising value which includes a focus on metallurgical test-work, scoping studies, further resource expansion and pursuing a path to commercialisation.”

Email: info@buxtonresources.com.au

Website: www.buxtonresources.com.au