Buxton Resources Limited · ASX:BUX
Buxton Resources — Shareholder Meeting (November 2008)
14 slides from Buxton Resources's shareholder meeting presentation, Nov 12, 2008
Slide 1: Buxton Resources Limited 2008 Annual General Meeting Presentation
For personal use only Buxton Resources Limited 2008 Annual General Meeting Presentation Ron Smit, Managing Director 12 November 2008
Slide 2: Presentation Agenda
For personal use only Presentation Agenda Corporate/Financial Overview The year that was......project review The year ahead......
Slide 3: Corporate / Financial Overview
Corporate / Financial Overview For personal use only $ ,000 Listed: October 2007 Exploration Spend: $0.79 million (end Jun 08) $0.23 million (Sep quarter) Cash: $2.5 million Market Cap: $1.6 million (at $0.05) $ ,000 Listed Shares: 32,040,010 Unlisted Options: 8,750,000 (June 2012)
Slide 4: The year that was......project review
The year that was......project review For personal use only • Warda Warra – tested and exited • Western Shaw – sold • Eelya Hill – access issues • Kanandah – just drilled • Dempster – geochem ongoing
Slide 5: Warda Warra Project – Sulphide Nickel
Warda Warra Project – Sulphide Nickel For personal use only VTEM – right tool, cost effective • screened the greenstone belt • no conductors hosted by ultramafics Downgraded Ni sulphide potential
Slide 6: Warda Warra Project – Sulphide Nickel: Trixie Prospect
Warda Warra Project – Sulphide Nickel Trixie Prospect For personal use only Conductors detected, but... • hosted by basalts • associated with narrow steep quartz ‐ sulphide veins Likely to be small and sub‐economic
Slide 7: Warda Warra Project – Laterite Nickel
Warda Warra Project – Laterite Nickel Hole Interval (m) Ni % From (m) New zones of laterite Ni mineralisation For personal use only WWA09 14 0.69 Surface* WWA24 8 0.88 18 discovered, but... WWA28 14 0.97 8 WWA43 10 0.83 6* • Thin clay zones WWA47 8 0.81 8* * to end of hole • All < 1% Ni Low‐grade &
Slide 8: Western Shaw Project – Iron
Western Shaw Project – Iron For personal use only Hematite zones located, but... • mostly narrow zones • high silica content • sub‐ore grades Unlikely to host large tonnages of iron ore
Slide 9: Kanandah Project – Base Metals
Kanandah Project – Base Metals For personal use only Gravity – right tool, cost effective • screened large area of prospective host rocks • four priority targets selected for drill‐testing
Slide 10: Kanandah Project – Base Metals
Kanandah Project – Base Metals Five holes drilled (944 m) For personal use only • no visible base metal mineralisation • localised pyrite development (up to 5%) Awaiting assay results K1 K4 K3 K5 K2
Slide 11: Dempster Project – Gold
Dempster Project – Gold For personal use only Calcrete Geochemistry – right tool, cost effective • regolith well understood • < 20 m to basement
Slide 12: Dempster Project – Gold calcrete samples
Dempster Project – Gold 890 calcrete samples For personal use only • large low‐level gold anomalies detected
Slide 13: Dempster Project – Gold
Dempster Project – Gold For personal use only
Slide 14: The year ahead......
The year ahead...... Three path strategy – adjust to account for market change For personal use only Project Evaluation Driven by key decision points Project Generation Strength, low key, low cost Project Acquisition Opportunity, look for value “cash is king” – conserve cash
Buxton Resources — Shareholder Meeting (November 2008) on 6ix