Buxton Resources Limited · ASX:BUX
Buxton Resources — Investor Presentation (May 2015)
23 slides from Buxton Resources's investor presentation, May 12, 2015
Slide 1: Nickel, Copper, Graphite in World-Class Exploration Belts of WA
For personal use only Nickel, Copper, Graphite in World-Class Exploration Belts of WA Focused on discoveries and delivery across Western Australia’s most promising exploration regions May 2015 Eamon Hannon, Chief Executive Officer Dr Julian Stephens, Technical Director
Slide 2: Corporate Snapshot
Corporate Snapshot For personal use only 1. Av Ex Price $0.37, Av Expiry Date 1.7 years Volume (shares traded per day) BUX Share Price 10,000,000 $0.70 9,000,000 $0.60 8,000,000 7,000,000 $0.50 6,000,000 $0.40 5,000,000 $0.30 4,000,000 3,000,000 $0.20 2,000,000 $0.10 1,000,000 0 $0.00 2
Slide 3: Project Portfolio
Project Portfolio For personal use only • World Class exploration portfolio wholly within Western Australia • Three key exploration hubs at attractive stages of advancement; Double Magic Ni-Cu Project Fraser Range Ni-Cu Projects Yalbra Graphite Project • Proven technical and commercial experti
Slide 4: High Impact Activity Planned
High Impact Activity Planned For personal use only 2015 June July August September October November December Double Magic Ni-Cu Project High-powered ground EM, regional VTEM, Mirror tectonic position to ~3,000m RC drilling further drilling to be determined Savannah Ni Mine (ASX: PAN) Zanthus Ni-Cu P
Slide 5: Double Magic Nickel Project
Double Magic Nickel Project For personal use only • First mover advantage in West Kimberley • Located in mirror tectonic position & within similar age mafic-ultramafic rocks as the Savannah Mine (ASX: PAN) • Large highly prospective yet untested tenement package • Double Magic acquisition substantia
Slide 6: Double Magic Nickel Project
Double Magic Nickel Project For personal use only • Numerous strong EM conductors within 2km2 central area with many untested by drilling to date • Previously drilled EM conductors shown to be due to nickeliferous sulphides (not graphite or barren iron sulphides) • Historic drilling results include
Slide 7: Double Magic Nickel Project
Double Magic Nickel Project For personal use only At least three prime, “walk-up” drill targets 7
Slide 8: Conductor D
Conductor D For personal use only • Extremely high conductance of ~15,000 siemens (for comparison Nova ~5,000 siemens) • Hosted within the known nickel host rock the Ruins Dolerite • Conductor D has not been previously drill Very high conductance (~15,000 S) and previously untested by drilling 8
Slide 9: Conductor C
Conductor C For personal use only • Partially drill tested by one hole intersecting: 3m @ 1.3% Ni & 0.2% Cu with 1m @ 2.0% Ni & 0.2% Cu and an additional intercept of 6m @ 0.5% Ni & 0.2% Cu • The highest EM response has not been drill tested • The ground EM survey did not extend far enough to the ea
Slide 10: Conductor B
Conductor B For personal use only • The largest spatial extent of any of the targets – not drill tested • Lies at a depth of ~300m • Spatially related to conductor A, where previous drilling intersected 3m @ 0.7% Ni and 0.2% Cu Conductor with the largest spatial extent: ~1,000 - 2,000 Siemens 10
Slide 11: High Grade Nickel Gossans
High Grade Nickel Gossans For personal use only • Reconnaissance mapping by Buxton’s geologists located a number of surface gossan outcrops at the interpreted up-plunge extensions of Conductors A and C with rock-chip assay results including; Conductor A: 5.0% Ni, 1.3% Cu, 0.1% Co & 104ppb Pt+Pd
Slide 12: A Look at PAN's Savannah Mine
A Look at PAN’s Savannah Mine For personal use only • Double Magic is located in mirror tectonic position & within similar age mafic-ultramafic rocks as the Savannah Mine • Savannah discovery gossan max: 2.1% Ni & 1.4% Cu • Nickel production from the Savannah Mine continues • Recent excellent explor
Slide 13: Strategic Fraser Range Position
Strategic Fraser Range Position For personal use only • 2,348km2 ground position in and around the Albany-Fraser Orogen – close to Nova • Strategic position in the Fraser Range with Zanthus and Widowmaker (100% owned) • New Ni-Cu & Au project emerging at Dempster (90-100% owned) Strategic Fraser Ran
Slide 14: Zanthus Ni-Cu Project
Zanthus Ni-Cu Project For personal use only • Drilling has identified three separate zones of finely disseminated, magmatic nickel- copper sulphides • Recent ground EM program identified 2 high-priority conductors and 5 additional conductors for drill-testing “Fertile” magmatic system with untested,
Slide 15: Zanthus Ni-Cu Project
Zanthus Ni-Cu Project For personal use only • ZV07: Late time, deep, large ZV07 plan & oblique section with anomaly with coincident high proposed drill-hole magnetic & gravity responses. Modelled at ~550m depth with dimensions of ~1,300m x ~800m & a conductance of ~850S, with a shallow westerly dip
Slide 16: Dempster Ni-Cu Project
Dempster Ni-Cu Project For personal use only • Emerging ground position in the Grass Patch Complex which has been described as a “mini Fraser Range” • Significant disseminated magmatic nickel sulphides discovered at Mt Ridley, directly along strike from BUX’s ground package • EM & geochemical survey
Slide 17: Yalbra Graphite Project
Yalbra Graphite Project For personal use only • Highest grade graphite resource in • Preliminary metallurgical results show Australia – 4.0 Mt @ 16.1% TGC encouraging coarse, medium and fine flake graphite distribution and marketable • Significant potential to expand resource concentrate grades at d
Slide 18: Yalbra - Preliminary Metallurgy
Yalbra - Preliminary Metallurgy For personal use only Size Size Assays Distribution • Preliminary flotation results from a Microns (µm) Tyler Mesh C (t) C (t) fresh rock sample grading 20.0% C(t) returned a concentrate grade +297 µm +48 mesh 91.8% 6.6% of 91% C(t) +149 µm +100 mesh 90.6% 22.8% +74 µ
Slide 19: High Impact Activity Planned
High Impact Activity Planned For personal use only 2015 June July August September October November December Double Magic Ni-Cu Project High-powered ground EM, regional VTEM, Mirror tectonic position to ~3,000m RC drilling further drilling to be determined Savannah Ni Mine (ASX: PAN) Zanthus Ni-Cu P
Slide 20: Investment Highlights
Investment Highlights For personal use only • World Class exploration portfolio wholly within Western Australia • Three key exploration hubs at attractive stages of advancement; Double Magic Ni-Cu Project - Mirror tectonic position to Savannah Ni Mine (ASX: PAN) Fraser Range Ni-Cu Projects - Pri
Slide 21: 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 21
Slide 22: Disclaimer
Disclaimer 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 third parties and thou
Slide 23: Competent Persons
Competent Persons For personal use only Competent Persons: The information in this report that relates to exploration results and geology for all projects including the Double Magic rock-chip results is based on information compiled and/or reviewed by Dr Julian Stephens, Member of the Australian Ins