Buxton Resources Limited · ASX:BUX
Buxton Resources — Investor Presentation (June 2018)
16 slides from Buxton Resources's investor presentation, Jun 18, 2018
Slide 1: Discovering Nickel-Copper Sulphides in Western Australia
Discovering Nickel-Copper Sulphides in Western Australia For personal use only 1 A newly discovered and unexplored belt scale opportunity in West Kimberley Nickel boom upon us June 2018 Eamon Hannon, Managing Director1
Slide 2: Buxton first mover advantage in West Kimberley
Buxton first mover advantage in West Kimberley Tenure control of a new Fraser Range? • Buxton owns 100% of all For personal use only West Kimberley assets • Tight Capital Structure, 110m shares • Well funded; $2.4m cash at bank • Double Magic-Merlin Prospect returned Multiple High Grade and High Ten
Slide 3: Clear fundamentals: Class 1 Nickel-Copper-Cobalt sulphide play
Clear fundamentals. Bux is a Class 1 Nickel-Copper- Cobalt sulphide play with 100% ownership of Kimberley assets. Timing is everything so jump on the wave! For personal use only Nickel Price Movement and Stockpile LME 60000 500000 450000 50000 400000 40000 350000 300000 30000 250000 200000 20000 150
Slide 4: A newly discovered and unexplored belt scale opportunity
A newly discovered and unexplored belt scale opportunity, 100% owned tenure. Merlin is proof of concept Buxton has established the Ruins Dolerite and the West Kimberley For personal use only as a de-risked, fertile and un-explored new Ni-Cu-Co province Belt-scale tenement holding of 824 km2 along 25
Slide 5: Project Pipeline: Sentinel Project; next in line
Project Pipeline Sentinel Project; next in line Sentinel Ni-Cu-Co Project; extensive Ruins Dolerite in outcrop and undercover, major crustal For personal use only scale structures, primitive rocks & no modern exploration (e.g., no electromagnetics) Full coverage of E04/2408 with electromagnetics (VT
Slide 6: Merlin-High grades, high tenor with excellent recoveries
Merlin-High grades, high tenor with excellent recoveries Class 1 high value product • All ore textures intersected with high grades For personal use only and very high tenor • Multiple strongly mineralised conductors remain open • Analogues include Nova-Bolinger, Sally-Malay and Voisey's Bay Pentlan
Slide 7: Grade, thickness and tenor established
Grade, thickness and tenor established Next tons -mineralised system is massive Conductor D For personal use only 17m@ 1.82% Ni, 1.15% Cu, 596ppm Co from 46m, including 8m@ 3.13% Ni, 1.87% Cu, 996ppm Co from 50m (DMRC0003) Conductor J 3.5m@ 1.36% Ni, 0.19% Cu, 379ppm Co from 318m, including 1.6m@ 2.
Slide 8: Drilling indicates the magmatic system energy increasing eastwards and down-dip
Drilling indicates the magmatic system energy increasing eastwards and down-dip -most prospective location For personal use only Vectoring towards a conduit or feeder, the highest-energy Vari-textured intrusive Primary Massive and most prospective part of these magmatic systems DMDD0009 Brecciation
Slide 9: Vectoring in; DMDD0014 most important hole yet drilled at Merlin
Vectoring in; Buxton regards DMDD0014 as the most important hole yet drilled at Merlin and in the West Kimberley for Ni-Cu Sulphide Mineralisation For personal use only Discovering evidence of high energy and chaotic behaviour is vectoring in to the heart of the system 9
Slide 10: Strong gravity feature highlights depth potential
Strong gravity feature highlights depth potential Mineralised Magma source still present? For personal use only Merlin gravity BAVD (Bouguer Anomaly Vertical Derivative) Merlin gravity BA (Bouguer Anomaly) Gravity data strongly correlated to known geology Majority of EM plates plunging towards a cen
Slide 11: EM blind-spots, significant potential for extensions below known mineralisation
EM blind-spots, significant potential for extensions below known Ni-Cu Sulphide Mineralisation For personal use only All conductors proven to be due to Ni-Cu sulphide mineralisation metres Merlin long-section (view towards north) showing all modelled conductive responses (MLTEM/DHTEM), highlighting
Slide 12: Planned 2018 drilling at Merlin
Planned 2018 drilling at Merlin Down dip/plunge from known Ni-Cu Sulphide Mineralisation and ore textures -Primary Brecciation For personal use only Drilling planned below unconstrained known Ni-Cu sulphide conductors, EM blind spots & gravity feature 12
Slide 13: 2018 Field Schedule
2018 Field Schedule For personal use only 2018 Feb March April May June July Aug Sept Oct Nov Dec Merlin MLTEM & Gravity MLTEM Moving-loop EM/gravity over Merlin Prospect strike extensions NW & SE Gravity Merlin Drilling Test extensions to known Continuation? Drilling mineralisation, open Conductors
Slide 14: Corporate Snapshot
Corporate Snapshot Shareholders For personal use only Buxton Resources Limited National Business Holdings 9.8% ASX Code BUX Directors & Management 2.9% Shares on Issue 110.8 million Top 20 37.7% Options on Issue1 19.87 million Market Cap. (at $0.13) $14.4 million Board & Management Cash (31 March 20
Slide 15: Disclaimer & Competent Persons
Disclaimer & Competent Persons For personal use only Disclaimer: This presentation has been prepared by Buxton Resources (“Buxton”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from th
Slide 16: Contact
Contact For personal use only Buxton Resources Limited Head Office Phone: +61 8 9380 6063 Suite 1, Level 1 Fax: +61 8 9381 4056 14-16 Rowland St Email: admin@buxtonresources.com.au Subiaco WA 6008 Web: www.buxtonresources.com.au 16