Slide 1: Double Magic; A Tiger by the tail? First mover advantage in West Kimberley
For personal use only 1 Double Magic; A Tiger by the tail? First mover advantage in West Kimberley April 2017 1 Eamon Hannon, Managing Director
Slide 2: Corporate Snapshot
Corporate Snapshot Shareholders For personal use only Buxton Resources Limited 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 25.9 million Market Cap. (at $0.25) $22.14 million Cash (31 March 2017) $1.47 million Bo
Slide 3: Large Ni-Cu Deposit Model confirmed
Large Ni-Cu Deposit Model confirmed Ticking the boxes Age: Proterozoic, key time period for large For personal use only 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 associate
Slide 4: Grade, thickness and tenor established over a large target area
Grade, thickness and tenor established over a large target area. No barren sulphides or false conductors For personal use only 4
Slide 5: 2015 drilling excellent
2015 drilling excellent Drilling intersections > 1 % Ni include DMRC0003 D 41-42m 1m @ 3.64% Ni, 0.75% Cu For personal use only DMRC0003 D 46 -63m 17m @ 1.82% Ni, 1.15% 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) DMRC001
Slide 6: 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 7: 10,000m of RC and Diamond drilled planned and approved
10,000m of RC and Diamond drilled planned and approved For personal use only 7
Slide 8: IP anomaly already proved to host Ni/Cu sulphides
IP anomaly already proved to host Ni/Cu sulphides Drilling testing known mineralisation, geophysics and geology Very large target For personal use only 8
Slide 9: Nominal Schedule
Nominal Schedule For personal use only 2017 Feb March April May June July Aug Sept Oct Nov Dec Interpretation and planning Detailed assessment, interpretation Interpretation and and integration of all datasets to Planning finalise drill targeting Approvals and Mobilisation POW Programme of Works app
Slide 10: 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 11: 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 11
Slide 12: 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 13: 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