Buxton Resources Limited · ASX:BUX

Buxton Resources — Investor Presentation (May 2024)

38 slides from Buxton Resources's investor presentation, May 30, 2024

  1. Slide 1: Developing & Discovering Critical Minerals

    For personal use only DEVELOPING & DISCOVERING CRITICAL MINERALS Company Overview May 30 2024 ASX:BUX

  2. Slide 2: Capital Structure & Financials

    CAPITAL STRUCTURE & FINANCIALS For personal use only Directors Senior ASX:BUX 173.25M shares CAB: A$1.2M (Mar 31 24) 2% Management 19.75M options Av Vol: 67k 1% Corporate - Other Mkt Cap: A$17.3M @ 10.0c 27/05/24 7% CAPITAL RAISE On 30 May 2024, Buxton announced a placement & SPP to raise ~A$3.5m. T

  3. Slide 3: Directors / Senior Management

    DIRECTORS / SENIOR MANAGEMENT For personal use only SEAMUS CORNELIUS MARTIN MOLONEY ANTHONY MASLIN STUART FOGARTY SAM WRIGHT Non-Executive Chairman CEO Non-Executive Director Non-Executive Director Company Secretary/CFO Mr Cornelius brings to the Board over 25 Mr Moloney is a geologist with experien

  4. Slide 4: Project Portfolio - Tier 1 Mining Jurisdictions

    PROJECT PORTFOLIO - TIER 1 MINING JURISDICTIONS For personal use only BUX 100% AVAILABLE TO JV BUX 100% IGO / BUX JV IGO / BUX JV ARIZONA MATRIX MADMAN WESTERN AUSTRALIA USA 4

  5. Slide 5: Project Pipeline

    PROJECT PIPELINE Committed JV forward spend ~$3M For personal use only JV spend 2018-2024 ~$30M BUX’s tenure interests > 8,250 km2 BUX Annual Tenement Commitments < $850k West Kimberley JVs ~$5M spend to date Fraser Range JV ~$20M spend to date Matrix (Mn) Narryer (Ni) Centurion (Cu/Au) Porphyry One

  6. Slide 6: Exploration Schedule

    EXPLORATION SCHEDULE Q2 24 Q3 24 Q4 24 2025 For personal use only DEEP PRE- RESOURCE EXTENSIONAL RESOURCE DIAMOND FEASIBILITY DRILLING UPGRADE DRILLING STUDY MAIDEN DD DRILLING (Funded by IGO) RESOURCE? DRILLING (Funded by IGO) HERITAGE EM & SURVEYS & HERITAGE EM IP DRILLING (Narryer) ACCESS DRILLIN

  7. Slide 7: Projects

    For personal use only PROJECTS 7

  8. Slide 8: For personal use only

    iy BUXTON:.~-s1" OES in use Gply -OP personal — |! Se

  9. Slide 9: Graphite Bull

    (100% BUX) GRAPHITE BULL A development story that gets better every time we touch it… Exploration Drilling at GB003RC (ASX 02/03/2023) For personal use only 4 Mt @ 16.2% TGC Resource 1) High grade, at surface – 4 Mt @ 16.2% TGC  Demonstrated Resource Extensions – GB003RC 18m @ 16.2% TGC from 145m s

  10. Slide 10: Excellent Location for Approvals & Infrastructure

    (100% BUX) Excellent Location for Approvals & Infrastructure For personal use only  Western Australia – consistently top 5 Fraser Institute ranking – developed, stable mining jurisdiction GRAPHITE BULL  28 km to major regional road, 500 km to Geraldton port (BUX 100%)  Heritage clearances in plac

  11. Slide 11: Clear Resource Expansion Potential

    (100% BUX) Clear Resource Expansion Potential For personal use only  2014 Resource defined over ~400m strike / 200m depth  Resource extension targets defined by EM, confirmed by scout drilling  BUX plans to conduct 15,000m of RC & 1,500m of diamond Long drilling in upcoming field season section l

  12. Slide 12: Tier 1 Concentrate for Battery Anode Material

    (100% BUX) Consultant Grade TGC % Rec @ 95% (Test) (% TGC) Recovery (%) TGC Con Tier 1 concentrate for Battery Anode Material BL (BF2370) 98.2 90.7 93.7 For personal use only IMO (FT02) 96.8 89.5 92.3  Responds well to basic flotation = low cost & low risk Sighter Flotation Results (ASX 13/03/2023)

  13. Slide 13: Anode Material Studies

    (100% BUX) SPG 15 PSD d90/10 = 2.2 Anode material studies (ProGraphite, Germany) For personal use only  Successful electrochemical work demonstrates suitability of Graphite Bull feed for Li-ion Battery Anode manufacture  99.97% TGC purity basic alkaline roast at 250°C (no HF)  Spheronising gives

  14. Slide 14: 2024 Heritage Survey and Planned Drilling

    (100% BUX) Plan view of 2024 planned drilling program with heritage clearance status April 2024 Heritage survey in covered >83% of the target area in the available time (3-days). 2024 Heritage Further surveys to be scheduled as required For personal use only Survey 218 of 223 drill pads cleared (~98

  15. Slide 15: Deep Diamond Drillholes Planned for Q2 2024

    (100% BUX) Deep diamond drillholes planned for Q2 2024 Current Focus… DDH2 For personal use only DDH1 1. Electrochemistry (largely complete) 2. Pre-feasibility Study 500m • Metallurgical & environmental studies complete 300m • Major drilling campaign planned for upcoming field season: • Deep diamond

  16. Slide 16: 2024 Program Deep Drill Holes

    (100% BUX) 2024 Program will commence with two deep RC / diamond holes to test for underground potential long section looking north cross sections looking west For personal use only Existing Resource DDH1 DDH2 DDH1 DDH2 125m 2,300m 300m Hanging wall lode intersected in GB001RC 1,500m This exciting,

  17. Slide 17: Low Power EM Defines Shallow Resource Expansion Targets

    (100% BUX) Low power EM defines shallow Resource expansion targets 4 Mt @ 16.2% TGC Resource (100% BUX) For personal use only Shallow EM conductivity anomalies – targets for open pit mineable graphite mineralisation outside existing resource Plan view recent shallow Loupe EM image, Ground EM plates,

  18. Slide 18: Timeline for Project Studies & Commissioning

    (100% BUX) 1 Prefeasibility TIMELINE FOR PROJECT STUDIES & COMMISSIONING For personal use only Extension/Infill Resource Drilling, Resource & Mining Studies, Process/Flowsheet, Site Design/Eng, Hydrogeology, Analysis/Documentation, Stakeholder Engagement 2 Statutory Approvals First Product FOB Site

  19. Slide 19: Copper Wolf, Arizona, USA

    At RESOURCES COPPER WOLF ARIZONA. USA tL ph

  20. Slide 20: One of the World's Great Copper Districts

    (BUX100% + BUX/IGO JV) For personal use only Regional Deposits One of the World’s Great Copper Districts Deposit Contained Cu Ore (Gt) Grade (% (Mt) Cu) 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 Copper Projects of t

  21. Slide 21: Resource Definition in Elephant Country

    (BUX100% + BUX/IGO JV) (BUX100% + BUX/IGO JV) For personal use only Resource Definition in Elephant Country:  Arizona, USA - Tier 1 Cu/Mo mining jurisdiction, first drilling program in over 30 years  Cu resources already identified historically – discovered in 1965  CPW0001DD: 83.76 metres at 0.4

  22. Slide 22: 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

  23. Slide 23: Appendix II: Comparison to Filo del Sol

    (BUX100% + BUX/IGO JV) APPENDIX II Filo Del Sol - 2019 Comparison to Filo del Sol For personal use only Buxton’s work demonstrates Copper Wolf Project hosts a giant hydrothermal system exceeding 7 km x 3 km in area and over 600 m in depth. At Filo del Sol project (Filo Corp – TSX:FIL) a widespread p

  24. Slide 24: Drill Targets Emerging on 100% Tenure

    (BUX100%) For personal use only Drill Targets Emerging on 100% Tenure 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 comparable to CPW000

  25. Slide 25: Drill Targets Emerging on 100% Tenure

    (BUX100%) For personal use only Drill Targets Emerging on 100% Tenure 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 previous drilling at

  26. Slide 26: For personal use only

    For personal use only 26

  27. Slide 27: Advanced Exploration & Drill Testing

    (BUX/IGO JV – BUX 16%) For personal use only Advanced Exploration & Drill Testing WKJV - Dogleg Prospect High tenor Ni sulphides discovered but scale currently unknown – to be defined in upcoming field season  Merlin Prospect: BUX discovery defines new magmatic nickel province West Kimberley – good

  28. Slide 28: 2023 Discovery - EM + Drilling

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

  29. Slide 29: Extremely High Ni Tenor with Cobalt Credits

    (BUX/IGO JV – BUX 16%) For personal use only Extremely High Ni Tenor w/ Cobalt Credits 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

  30. Slide 30: Matrix Mn

    For personal use only Matrix Mn 30

  31. Slide 31: Matrix Mn New Project Acquisition

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

  32. Slide 32: ISR OPEX Advantage

    BUX 100%) ISR OPEX ADVANTAGE Matrix Mn Traditional Processing of HPSM For personal use only Mining & Extraction Advanced Processing of HPSM In situ recovery (ISR) offers the lowest mining costs, Mining & Extraction emissions intensity & environmental impact. Potential ISR Processing of HPSM ISR tran

  33. Slide 33: Phase 1 Exploration Program

    BUX 100%) Matrix Claims Map (ASX 14/05/2024) Matrix Mn For personal use only PHASE 1 EXPLORATION PROGRAM  Drone magnetics / photography (environmental baseline)  Active seismic, 4 lines  RC Drilling  Diamond Drilling if significant Manganese encountered  Success = >100 %.m Mn, saturated (below

  34. Slide 34: WA Greenfields Portfolio

    For personal use only WA GREENFIELDS PORTFOLIO 34

  35. Slide 35: WA Greenfields

    W. KIMBERLEY JV WA GREENFIELDS Drill Target Definition, 100% BUX LATERON For personal use only CENTURION  Large geophysical feature (IOCG or Carbonatite target) CENTURION  Re-establishing access and heritage surveys planned for H2 2024  EIS Co-funded to $220k, drilling ASAP SHOGUN NARRYER MADMAN

  36. Slide 36: Centurion

    BUX 100%) (ASX 23rd May 2023) Magnetics + Gravity contours CENTURION Drill Target Definition, 100% BUX For personal use only Giant geophysical target – Cu &/or Nb-REE Access route  Coincident 1,500 nT magnetic & 10.1 mgal gravity anomaly over 3.5 x 5 km area Planned  CRA’s 1991 hole failed to test

  37. Slide 37: Narryer

    BUX 100%) AEM image (channel z15) (ASX 22nd May 2023) NARRYER Drill Target Definition, 100% BUX For personal use only Nickel sulfide targets ready to drill  ~7km Airborne EM trend has delivered 3 high conductance EM plates. Oculus presently has one line of ground Moving Loop EM  Support from coinc

  38. Slide 38: 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

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