Buxton Resources Limited · ASX:BUX
Buxton Resources — Investor Presentation (November 2016)
17 slides from Buxton Resources's investor presentation, Nov 7, 2016
Slide 1: Double Magic; A Tiger by the tail?
For personal use only Double Magic; A Tiger by the tail? First mover advantage in West Kimberley November 2016 Eamon Hannon, Managing Director
Slide 2: Corporate Snapshot
Corporate Snapshot Corporate Snapshot For personal use only Buxton Resources Limited Shareholders National Business Holdings 9.8% ASX Code BUX Directors & Management 2.9% Shares on Issue 88.5 million Top 20 37.7% Options on Issue1 27.3 million Market Cap. (at $0.12) $10.6 million Board & Management
Slide 3: Double Magic Acquired
February 2015 Double Magic Acquired Untested EM plates, Right rocks/setting, Ni & Cu established, Right deal For personal use only • Planview Image of Vtem + fltem with old drilling why picked up( no geo) 3
Slide 4: Phase drilling, June 2015
Phase 1 drilling, June 2015 Every EM plate drill tested For personal use only intersected massive remobilised sulphides and/or net texture and disseminated sulphides. Discovery hole 8m @ 3%Ni plus 2% Cu from 35m from surface 4
Slide 5: Phase drilling excellent
Phase 1 drilling excellent RC Drilling intersections > 1 % Ni include For personal use only DMRC0003 D 41-42m 1m @ 3.64% Ni, 0.75% Cu DMRC0003 D 46 -53m 17m @ 1.78% Ni, 1.16% Cu, inc 8m @ 3.05% Ni, 1.88% Cu (50-58m) DMRC0016 D 39 - 52m 13m @ 1.70% Ni, 0.76% Cu, inc 6m @ 2.77% Ni, 1.24% Cu (41-47m) D
Slide 6: 2016 Field Season – Exploration
2016 Field Season – Exploration through boot leather and geology >3500 field data For personal use only points collected geology petrophysics lithogeochemistry Updated geology and structural interpretation rock chips 700m Ni-Cu sulphide outcrop defined ground magnetics hand auger structure mag sus A
Slide 7: Ni-Cu Sulphides in Outcrop
Ni-Cu Sulphides in Outcrop Detailed mapping and rock chip sampling defined Ni/Cu sulphides in outcrop with a strike For personal use only length of over 700m Occurs directly up dip from the 2015 drilling at Conductor D (including 8m @ 3.05% Ni, 1.88% Cu) and materially increase the strike length of
Slide 8: Large Ni-Cu Deposits Model confirmed
Large Ni-Cu Deposits Model confirmed Age: Proterozoic, key time period for For personal use only large mafic hosted Ni-Cu sulphide deposits Setting: Craton Margin, located at an inflection in the belt indicative of a deep seated plumbing system Geochemistry: Mineralisation associated with ‘primitive
Slide 9: We decided on Induced Polarization (IP)
We decided on Induced Polarization (IP) For personal use only • Drilling to date targeted EM conductors • Test work on drill core shows the disseminated sulphides at Double Magic have no conductive response and Net Texture only has a small conductive response. Petrophysical Conductivity testing of d
Slide 10: Massive IP Anomaly, First Model
Massive IP Anomaly, First Model For personal use only • Very large body of moderately chargeable material at depth • >2 km long and at least several hundred metres across • Between ~60 to 400m below surface • Appears to plunge down and be open beyond 500m at the eastern end • Plunging keel possibly
Slide 11: Drilling has clipped the Anomaly
Drilling has clipped the Anomaly The only two drill holes that intersect the IP anomaly contain significant For personal use only intersections of Ni and Cu. 11
Slide 12: What could the IP Anomaly be?
What could the IP Anomaly be? The IP anomaly could represent a number of different geological entities; For personal use only • Mafic rock with variable grade nickel-copper sulphide mineralisation • Disseminated magnetite within other rock types • Some other mass of chargeable rock of an unexpected
Slide 13: Putting the Target into Perspective
Putting the Target into Perspective For personal use only Pre-mining Resource estimates for selected tholeiitic Ni-Cu-Co-PGE deposits. Lower cutoff grade generally around 0.3% Ni Million t Ni % Cu % Co % Ni-equiv metal t Sally Malay 17.9 1.53 0.81 0.09 394,650 Nova-Bollinger 14.3 2.30 0.90 0.08 427,
Slide 14: Activity Planned 2016 - 2017
Activity Planned For personal use only 2016 - 2017 Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep ‘16 ‘16 ‘17 ‘17 ‘17 ‘17 ‘17 ‘17 ‘17 ‘17 ‘17 Interpretation and planning Detailed assessment, interpretation Interpretation and and integration of all datasets to Planning refine drill targeting Approvals P
Slide 15: 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 15
Slide 16: 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 17: Competent Persons
Competent Persons For personal use only Competent Persons: The information in this report that relates to Exploration Results is based on information compiled by Mr Mark Glassock, Member of the Australasian Institute of Mining and Metallurgy, and Mr Derek Marshall, Member of the Australian Institute
Buxton Resources — Investor Presentation (November 2016) on 6ix