Buxton Resources Limited · ASX:BUX
Buxton Resources — Shareholder Meeting (November 2011)
21 slides from Buxton Resources's shareholder meeting presentation, Nov 28, 2011
Slide 1: Annual General Meeting – November 2011
For personal use only Annual General Meeting – November 2011 Anthony Maslin – Managing Director
Slide 2: 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 thir
Slide 3: Company Highlights
Company Highlights For personal use only • Priority Project – Zanthus Magnetite Project • Strong infrastructure access: 25km from rail 35km from Zanthus railhead and siding 600km by rail to Esperance port (Bulk commodity and undergoing expansion) • Superior metallurgical characteristics and co
Slide 4: Corporate Overview
Corporate Overview For personal use only Capital Structure Board of Directors ASX Code: BUX, BUXO Seamus Cornelius Chairman FSE Code: 3B4.F Anthony Maslin Managing Director Shares on issue: 40.1M Julian Stephens Listed options 4.0M Non-Executive Director Share Price: $0.15 - $0.35 (52 week low/high)
Slide 5: Operational/Corporate Activity
Operational/Corporate Activity For personal use only FY2010/2011 • Nov 2010: High grade magnetite discovery at Zanthus Project • Nov - Dec 2010: Completed Board restructure • Feb 2011: Completed rights issue to raise A$1,762,200 to fund drilling at Zanthus • April 2011: Completed heritage survey and
Slide 6: BUX Project Portfolio
BUX Project Portfolio For personal use only Zanthus Magnetite Project (Priority Project) • 2 tenements over 592km2 • Exciting magnetite discovery • 5,433m drilling to date on multiple prospects • Located near railhead of Zanthus, WA • 25km south of the Trans Australian Railway • Rail siding for load
Slide 7: Zanthus Project – Transport Infrastructure
Zanthus Project – Transport Infrastructure For personal use only • BUX Project located only 25km from Trans- Australian Railway Line • Zanthus railhead 200km East of Kalgoorlie and 600 kms by rail to Esperance • Esperance Port has capacity to handle cape sized vessels (up to 200,000 tons) • Esperanc
Slide 8: Zanthus Railhead and Airstrip
Zanthus Railhead and Airstrip For personal use only
Slide 9: Zanthus Project – DTR
Zanthus Project – DTR For personal use only Significant Davis Tube metallurgical test-work program underway now at AMMTEC laboratories in Perth. Objective is to optimise previous excellent results: Concentrate grades ranging between 65% and 68% Fe with low impurities Coarse grind size of 150 mic
Slide 10: Cohen Prospect – Drilling
Cohen Prospect – Drilling For personal use only • 3,686m drilling completed in 2010/2011 • Wide, high grade magnetite intercepts encountered including: • 78m@29.3% Fe inc. 44m@33.3% Fe • 151m@28.1% Fe inc. 78m@31.7% Fe • The mineralised unit is a coarse-grained meta-BIF
Slide 11: Cohen Prospect – Resource Definition
Cohen Prospect – Resource Definition For personal use only • BUX has appointed Runge for resource estimate on Cohen Prospect – already underway • Exploration target estimated to a depth of 250m (350m for Cohen) • Mineralisation geometry appears to be suitable for open pit mining Cohen: 3D Wireframe
Slide 12: Cohen Prospect – Cross Section
Cohen Prospect – Cross Section For personal use only
Slide 13: Zanthus Project – Exploration Targets
Zanthus Project – Exploration Targets For personal use only Total Global Exploration Target 0.7 – 1.3 billion tonnes@22-32% Fe* Target Areas Cohen: 140-210Mt@26%-32%Fe* Marley Line: 151-281Mt@22%-32%Fe* Zappa-Dylan Line: 227-421Mt@22%-32%Fe* Joplin-Hendrix Line: 151-281 Mt @ 22%-32% Fe* Southern Tar
Slide 14: Summary
Summary For personal use only • Successful drilling program during FY2010/2011 reveals exciting magnetite discovery • Initial Davis Tube Recovery analysis indicates superior metallurgy – to be further optimised in current program • Strong infrastructure access further boosts potential economics of P
Slide 15: Contact details
For personal use only Buxton Resources Limited Contact details Anthony Maslin, Managing Director +61 8 9380 6063 w w w. b u x t o n r e s o u r c e s . c o m . a u
Slide 16: Magnetite
Magnetite For personal use only • Complementary product to hematite or higher grade DSO lump ore : 5 – 15% of steel production is magnetite, which is blended with hematite • Global grades for higher iron content hematites are decreasing leading to increased demand for higher quality magnetite • Magn
Slide 17: Board of Directors
Board of Directors For personal use only Mr. Seamus Cornelius - Chairman Mr Cornelius brings to the Board 21 years of corporate experience in both legal and commercial negotiations. Mr Cornelius has been living and working as a corporate lawyer in China for 17 years. He has been based in Shanghai an
Slide 18: Appendix – 2011 Drilling Results
Appendix – 2011 Drilling Results For personal use only Prospect Hole Id From To Interval Fe % Cohen ZRC018 56 100 44 26.1 Including 60 80 20 31.5 ZRC018 120 144 24 22.4 Including 136 144 8 29.5 ZRC019 84 118 34 27.7 Including 86 106 20 33 ZRC019 160 194 34 28.6 Including 164 172 8 34.4 ZRC019 208 23
Slide 19: Appendix – 2011 Drilling Results (cont.)
Appendix – 2011 Drilling Results (cont.) For personal use only Prospect Hole Id From To Interval Fe % Including 120 198 78 31.7 Including 170 198 28 36.5 ZRC028 72 106 34 23 ZRC029 54 132 74 29.3 Including 68 112 44 33.3 ZRC030 64 138 74 21.2 ZRC031 60 106 46 21.6 ZRC032 40 70 30 28.6 Including 46 5
Slide 20: Appendix – Drill Collars
Appendix – Drill Collars For personal use only Cohen 2011 Easting Northing Dip Azimuth Depth ZRC018 583365 6540349 60 270 156 ZRC019 583471 6540348 60 270 246 ZRC020 583588 6540342 60 270 162 ZRC021 583625 6540340 60 270 216 ZRC024 583620 6540791 60 270 144 ZRC025 583675 65400791 60 270 222 ZRC026 5
Slide 21: Appendix – Drill Collars
Appendix – Drill Collars For personal use only Marley Easting Northing Dip Azimuth Depth ZRC038 586024 6541850 60 090 144 Hendrix ZRC047 585673 6533505 90 000 133 ZRC048 585772 6533499 90 000 97 ZRC049 585846 6533500 90 000 157 Zappa ZRC053 586455 6536351 90 000 157 Joplin ZRC057 585550 6536275 90 0
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