Slide 1: Investor Update AGM
Buxton Resources Limited For personal use only Investor Update AGM Ron Smit, Managing Director November 2010
Slide 2: Corporate / Financial Overview
Corporate / Financial Overview For personal use only Strategy – unchanged; core business – gold, base metal & iron explorer, & WA create value by : Organic growth – project generation initiatives Gold, base metal & iron explorer, WA “Unwavering pursuit of greenfields Listed: October 2007 opportunity
Slide 3: Buxton Projects
Buxton Projects Good science, be first, screen with the right tools For personal use only Zanthus, Proterozoic Fraser Belt Major structure Geology different Under-explored & lacks outcrop Magnetite discovery Dempster, Proterozoic Fraser Belt Major structure Geology different Under-explored & lacks o
Slide 4: Zanthus Project - Cohen Magnetite Discovery
ZANTHUS PROJECT - Cohen Magnetite Discovery For personal use only EL granted (Feb 2010) – 100% Buxton Fieldwork locates Fe rich float associated with strong aeromagnetic anomaly (May 2010). RC drilling (Oct 2010) – DISCOVERY (1st explorer)
Slide 5: Location
Zanthus Project - Location For personal use only close to rail line 25 km south of Trans-Australian railway
Slide 6: Cohen Magnetite Discovery – RC Drill Results
Cohen Magnetite Discovery – RC Drill Results For personal use only Wide high-grade zones detected DTR reports excellent recoveries with concentrate head grades from 65.2 – 68.1 % Fe Good continuity of magnetite mineralisation Exploration Target for west limb Cohen 50-70 Mt grading 28-35% Fe (assumpt
Slide 7: Cohen Prospect
Zanthus Project – Cohen Prospect ZRC005 For personal use only start of hole magnetite-rich ironstone 43m at 33.9% Fe end of hole 91m Wide high-grade zones detected
Slide 8: Ironstone discovery
Zanthus Project – Ironstone discovery For personal use only Wide high-grade zones detected
Slide 9: Davis Tube Recovery
Zanthus Project – Davis Tube Recovery For personal use only Davis Tube Recovery Analysis (- 150 µm grind size) Head Grade DTRC Mass DTRC DTRC DTRC DTRC DTRC Drill Hole Sample Id Interval Fe % Recovery % Fe % SiO2 % Al2O3 % P% LOI % ZRC005 BBS-001 50-60m 35.3 51.0 65.2 6.5 2.0 0.036 1.49 ZRC008 BBS-0
Slide 10: Large tonnage iron target
Zanthus Project – Large tonnage iron target For personal use only Cohen – first aeromagnetic anomaly tested; Exploration Target for west limb Cohen of 50-70 Mt grading 28-35% Fe; Adjacent high intensity magnetic features (> 20 km long) indicate potential for large tonnages; Two targets with stronger
Slide 11: Peer Comparison
Zanthus Project – Peer Comparison Australian Iron (magnetite) Peer Comparison For personal use only 140 120 $935M $858M 100 Market Cap AUD$ 80 At 8 Nov 2010 60 40 20 0 GBG GRR WPG CXM IMX IRD IFE CAP MAU PDY LML EMG BUX Increasing Resource Confidence
Slide 12: Looking forward......schedule
Looking forward......schedule Phase 2: RC Drilling (5,000 m) For personal use only Cohen resource definition & regional targets Nov Dec Jan Feb Mar Apr May Lodge program of works Aboriginal site clearance / site works Ground Magnetics Phase 3 RC Drilling Drilling
Slide 13: Dempster Project – Nickel targets
Dempster Project – Nickel targets For personal use only Calcrete sampling Air-core drilling Oct 2009 VTEM survey April 2010
Slide 14: Dempster Project – Ni and gold targets
Dempster Project – Ni and gold targets For personal use only VTEM – conductive cover; Nature & distribution of conductive cover influenced by bedrock; At Prickle – shallow aircore drilling intersected dunite / peridotite (up to 0.3% Ni); Spatial relationship - surface VTEM conductors and ultramafic
Slide 15: Dempster Project – Ni and gold targets
Dempster Project – Ni and gold targets For personal use only New nickel target outlined – Thorn • > 2 km long • along fault zone Forward planning Infill calcrete sampling at Thorn Native Title clearance and site works Air-core / RC drilling
Slide 16: Contact details
For personal use only Buxton Resources Limited Contact details Ron Smit, Managing Director 0408095452 w w w. b u x t o n r e s o u r c e s . c o m . a u The Information in this report that relates to exploration results is based on information compiled by Ronald Smit, who is a member of the Australa