Buxton Resources Limited · ASX:BUX

Buxton Resources — Investor Presentation (October 2024)

34 slides from Buxton Resources's investor presentation, Oct 31, 2024

  1. Slide 1: Developing & Discovering Critical Minerals

    DEVELOPING & DISCOVERING CRITICAL MINERALS For personal use only ASX BUX Company Overview October 31 2024

  2. Slide 2: Set to Succeed

    SET TO SUCCEED BUX 100% For personal use only MISSION STATEMENT BUX EARNING 100% IGO / BUX JV - Commercialise through development or part/full sale - Be the preferred project generation partner to mid-tier & majors - Provide exposure to the ‘bang on discovery’ - Provide upward pressure on our valuat

  3. Slide 3: Project Pipeline

    PROJECT PIPELINE Committed JV forward spend ~$3.5M JV spend 2018-2024 ~$32M For personal use only BUX’s tenure interests > 8,250 km2 BUX Annual Tenement Commitments < $1M Centurion Cu/Au Lateron Cu/Au Madman Cu/Au 100% BUX Shogun (Ni)* Porphyry Cu/Mo exploration in Blackhawk Royale (Au/Cu)* elephant

  4. Slide 4: Mid-West Graphite Powerhouse

    MID-WEST GRAPHITE (BUX 100%) For personal use only POWERHOUSE  Excellent Access Narryer Niobium / REE Targets  Bulk export facility at Port Stonehut of Geraldton BLACKHAWK Magnetite Prospect  Year-round field activities GRAPHITE (BUX 100%)  Abundant water and sunlight  Minimal competition for l

  5. Slide 5: Natural Graphite - Strong Demand Drivers

    NATURAL GRAPHITE - STRONG DEMAND DRIVERS For personal use only Jakarta Globe 7th August 2024 BTR Anode Plant GRAPHITE BULL 5

  6. Slide 6: Graphite Bull - BUX 100%

    For personal use only BUX 100% 6

  7. Slide 7: Not only Tier location… also high grade & high quality

    (100% BUX) Not only Tier 1 location… also high grade & high quality For personal use only 0.1 mm / 100 microns Exploration Drilling at GB003RC Bulk Concentrate Preparation SEM image of spheronised Graphite Bull concentrate (ASX 02/03/2023) (ASX 20/09/2023) (ASX 07/08/2023) 1) Substantial high-grade

  8. Slide 8: Stunning results from 2024 resource extension drilling

    (100% BUX) Stunning results from 2024 resource extension drilling For personal use only Plan of 2024 Drilling (ASX 24/10/2024)  Substantive upside to existing resource  Mineral Resource Upgrade targeted for Dec 2024 Cross Section D (ASX 24/10/2024)

  9. Slide 9: Location, Location, Location

    (100% BUX) Location, Location, Location For personal use only  Western Australia – consistently top 5 Fraser Institute ranking – developed, stable mining jurisdiction  28 km to major regional road, 500 km to Geraldton port GRAPHITE BULL (BUX 100%)  Heritage, Flora and Fauna surveys completed  In

  10. Slide 10: Current Focus

    (100% BUX) Current Focus… For personal use only 1. Scoping / Pre-Feasibility Study • Metallurgical & environmental studies complete • Major drilling campaign just completed • Updated MRE expected Q4 2024 • Scoping / PF Study Q1 2025 2. Fastest Aussie Project to Market via Partnership • Qualification

  11. Slide 11: Blackhawk Graphite

    For personal use only Blackhawk Graphite (+ Narryer Magnetite, Nb / REE) BUX 100% 11

  12. Slide 12: Blackhawk Graphite

    (100% BUX) BLACKHAWK GRAPHITE New graphite discovery, entire prospective setting under 100% tenure, 100 km from Graphite Bull For personal use only NY001RC (ASX 04/10/2024)  NY001RC: 60 metres @ 4.34% TGC from 192 m, including 20 metres @ 9.06% TGC from 231 m  Ground EM indicates graphite minerali

  13. Slide 13: Centurion

    For personal use only BUX 100% CENTURION 13

  14. Slide 14: Centurion - Giant Cu/Au geophysical target

    BUX 100%) CENTURION Giant Cu / Au geophysical target For personal use only  Coincident 1,500 nT magnetic & 10.1 mgal gravity anomaly over 3.5 x 5 km area  CRA’s 1991 hole failed to test the target, strongly pyritic & chlorite altered boulder- sized clasts were logged in Permian conglomerate toward

  15. Slide 15: Matrix Mn

    For personal use only Matrix Mn BUX earning 100% 15

  16. Slide 16: Matrix Mn Green Manganese

    BUX 100%) REVOLUTIONARY Matrix Project Claims Map (ASX 14/05/2024) Matrix Mn GREEN MANGANESE  Low-cost brownfields exploration project acquisition covering 12 km2 For personal use only  Adjacent to world’s 6th largest resource by metal - 277 Mt @ 2.8% Mn  These deposits are unique in being hosted

  17. Slide 17: Copper Wolf

    For personal use only 100% BUX & BUX 49% / IGO 51% 17

  18. Slide 18: Extensive Foothold in a Giant Porphyry System

    (BUX100% + BUX/IGO JV) Extensive Foothold in a Giant Porphyry System  Land of Giants – SW US / Northern Mexico Porphyry Belt For personal use only  Proven and huge porphyry Cu/Mo system  Cu resources defined historically  CPW0001DD: 83.76 metres at 0.40% Cu and 0.065% Mo for 0.77% CuEq* from 527

  19. Slide 19: Sign up to the BUX InvestorHub

    For personal use only Sign up to the BUX InvestorHub for alerts and in-depth coverage 19

  20. Slide 20: Forward Looking Statements; Competent Persons Statement

    Forward Looking Statements Competent Persons Statement For personal use only This presentation has been prepared by Buxton Resources (“Buxton”). The information The information in this report that relates to Exploration Results is based on information compiled by contained in this presentation is a

  21. Slide 21: Supplementary Slides

    For personal use only SUPPLEMENTARY SLIDES 21

  22. Slide 22: Matrix Magnetics Map

    BUX 100%) Matrix Magnetics Map Matrix Mn PHASE 1 EXPLORATION For personal use only PROGRAM  Drone Magnetics  Structural Mapping  Drilling  Success = - >100 %.m Mn - right Mn mineralogy - saturated - high permeability - low Ca / Fe 22

  23. Slide 23: ISR OPEX Advantage

    BUX 100%) ISR OPEX ADVANTAGE Matrix Mn Traditional Processing of HPSM For personal use only Mining & Extraction Advanced Processing of HPSM Mining & Extraction Potential ISR Processing of HPSM In situ recovery (ISR) directly obtains metals from the subsurface without mining & extraction. Matrix Mn I

  24. Slide 24: Southern Arizona - One of the World's Great Copper Districts

    (BUX100% + BUX/IGO JV) For personal use only Southern Arizona - One of the World’s Great Copper Districts Contained Cu Ore Deposit Grade (% Cu) (Mt) (Bt) Buenavista 45 19.8 0.22 Morenci 43 20.1 0.22 Resolution 28 1.9 1.52 Safford 24 7.2 0.34 El Arco 18 4.7 0.37 Bagdad 17 6.1 0.28  Includes recently

  25. Slide 25: CPW0002DD - elements of high-grade porphyry systems

    (BUX100% + BUX/IGO JV) CPW0002DD – 2 elements of high-grade porphyry systems 1) Mafic host rocks For personal use only Cut HQ3 ½ core from 622.2 m in CPW0002DD. Metapelitic rock cut by multi-stage (stockwork) quartz-sulphide and sulphide-only veining. Secondary biotite forms as selvedge to the veini

  26. Slide 26: Comparison to Filo del Sol

    (BUX100% + BUX/IGO JV) Comparison to Filo del Sol Filo Del Sol - 2019 For personal use only At Filo del Sol project (Filo Corp – TSX:FIL) a widespread porphyry system had been drilled at shallow depths over 5km strike by 2019. Discovery of high-grade Aurora Zone in 2021 drove a >10x increase in FIL’

  27. Slide 27: Wolverine - a fully permitted, walk-up drill target

    (BUX100%) Wolverine – a fully permitted, walk-up drill target For personal use only Highly encouraging indications of a porphyry Cu-Mo system on 100% BUX tenure at the Wolverine Prospect with no volcanic cover. Geologic mapping has revealed multiple surface exposures with: - Porphyritic dykes compar

  28. Slide 28: Drill Targets Also Emerging on 100% Tenure

    (BUX100%) Drill Targets Also Emerging on 100% Tenure In the Southwest For personal use only Similar targets emerging at Sun Devil and Aztecs, 7 km from Wolverine, also on 100% BUX tenure Highly anomalous Cu, Mo and Ag confirmed at surface with lab assays up to 3.08% Cu, 156 ppm Mo and 9.34 ppm Ag No

  29. Slide 29: West Kimberley JV

    For personal use only BUX 16% / IGO 64% / TT 20% 29

  30. Slide 30: Extremely High Ni Tenor w/ Cobalt Credits

    (BUX/IGO JV – BUX 16%) Extremely High Ni Tenor w/ Cobalt Credits For personal use only Intercept (m) Estimated Assay Results True Width Ni Cu Co From To Length (m) (pct) (pct) (pct) 177.34 191.19 13.85 13.24 4.35 0.34 0.15 179.08 184.94 5.86 5.60 7.47 0.31 0.25 23WKDD003 Assay Results (ASX 6/11/2023

  31. Slide 31: High tenor Ni sulphides discovered by IGO

    (BUX/IGO JV – BUX 16%) High tenor Ni sulphides discovered 2023 by IGO Assay results returned from first diamond drillhole For personal use only at the Dogleg Prospect: 13.85 m (True Width 13.24 m) at 4.35% Ni, 0.34% Cu, 0.15% Co from 177.34 m, Including: 5.86 m (True Width 5.60 m) at 7.47% Ni, 0.31%

  32. Slide 32: 2023 Discovery - EM + Drilling

    (BUX/IGO JV – BUX 16%) 2023 DISCOVERY – EM + DRILLING MLEM targeting magnetic features in 2022 identifies a 280 x 75 For personal use only m, 12,000 Siemen conductor First hole (23WKDD003) intersects sulphide mineralisation hosted in the Ruins Dolerite, within Marboo Formation quartz-muscovite beari

  33. Slide 33: WA Greenfields Portfolio

    For personal use only WA GREENFIELDS PORTFOLIO BUX 100% 33

  34. Slide 34: WA Greenfields Portfolio

    W. KIMBERLEY JV WA GREENFIELDS 100% BUX LATERON For personal use only LATERON  Magmatic / hydrothermal Au-Cu CENTURION  Sulphide bearing quartz diorites, shallow cover  IP surveys planned for H2 2024 SHOGUN SHOGUN ROYALE  Nova style Ni (Cu, PGE, Co)  Shallow cover (<50m), No previous MLEM MADMA

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