Buxton Resources Ltd - Diamond Drilling Commencing at Dogleg Ni-Cu-Co Prospect in the West Kimberley

About this update from Buxton Resources Limited

Buxton Resources Ltd ('Buxton'; ASX:BUX) is pleased to announce that the 2024 field season has commenced in the West Kimberley, with an extensive program of diamond drilling planned the Dogleg Ni-Cu-Co Prospect and MLEM surveys across the wider Quick Shears Project area. The Dogleg drilling program aims to: Further test the Dogleg MLEM conductor that corresponds to a thick intersection of high-grade massive Ni-Cu-Co sulphides in 23WKDD003 (13.24 m at 4.35% Ni, 0.34% Cu, 0.15% Co from 177.34 m); refer to BUX ASX announcement 6th November 2023 ) Establish a geophysical platform that will enable Downhole Electromagnetic (DHEM) survey techniques to detect conductivity anomalies (that may be related to Ni-Cu-Co sulphide mineralisation) away from previous drilling. As previously reported (e.g., refer to BUX ASX announcement 1st February 2024 ) DHEM surveys conducted on 2023 drillholes showed strong in-hole responses which limits the effectiveness of the DHEM technique to see away from the holes in terms of both strike and plunge. Intersect the interpreted Dogleg Intrusion along strike. The Dogleg Intrusion formed and hosts the Ni-Cu-Co sulphide mineralisation at the Dogleg Ni-CuCo Prospect. Understanding if the intrusion is open along strike may lead to future follow-up drilling at depth and along strike. In addition to the Dogleg diamond drill program, IGO is expecting to recommence systematic MLEM surveys across the greater Quick Shears Project area within the next fortnight. The MLEM survey aims to generate further targets for diamond drill testing. Buxton and IGO look forward to providing regular updates to shareholders on this emerging nickel sulphide discovery. Contact: Sam Wright Email: [email protected] About the Dogleg Prospect The Dogleg Prospect is located within tenement E04/1972 of the Quick Shears Project (E04/1972, E04/2314, and E04/2423), targeting Nova-style magmatic Ni-Cu sulphide mineralisation in the Proterozoic belt of the West Kimberley Region of Western Australia . The Dogleg Prospect was originally identified as an area of interest, based on the interpretation of magnetic data suggesting it being in an analogous position to the magnetic features that are associated with the Merlin Ni-Cu-Co Prospect. A moving-loop electromagnetic (MLEM) geophysical survey was undertaken over the magnetic features at Dogleg in 2022 identifying a 280 x 75 m, 12,000 Siemen conductor (refer to BUX ASX announcement 14th September 2023 ). Drilling in 2023 intersected high-grade massive and net textured Ni-Cu-Co sulphides in two holes that targeted conductivity anomalies generated from MLEM and DHEM geophysical surveys, respectively. Cautionary Note Regarding Forward-Looking Information This Announcement contains forward-looking statements and forward-looking information within the meaning of applicable Australian securities laws, which are based on expectations, estimates and projections as of the date of publication. This forward-looking information includes, or may be based upon, without limitation, estimates, forecasts and statements as to management's expectations with respect to, among other things, the timing required to execute the Company's programs, and the length of time required to obtain permits, certifications and approvals. Wherever possible, words such as 'anticipate', 'believe', 'expect', 'intend', 'should', 'intend', 'may' and similar expressions have been used to identify such forward-looking information. Forwardlooking information is based on the opinions and estimates of management at the date the information is given, and on information available to management at such time. Forward-looking information involves significant risks, uncertainties, assumptions, and other factors that could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking information. These factors, including, but not limited to, fluctuations in currency markets, fluctuations in commodity prices, the ability of the Company to access sufficient capital on favourable terms or at all, changes in national and local government legislation, taxation, controls, regulations, political or economic developments in Australia or other countries in which the Company does business or may carry on business in the future, operational or technical difficulties in connection with exploration or development activities, employee relations, the speculative nature of mineral exploration and development, obtaining necessary licenses and permits, contests over titleto properties, especially title to undeveloped properties, the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other geological data, environmental hazards, industrial accidents, limitations of insurance coverage and the possibility of project cost overruns or unanticipated costs and expenses, and should be considered carefully. Many of these uncertainties and contingencies can affect the Company's actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Prospective investors should not place undue reliance on any forward-looking information. Although the forward-looking information contained on in this Announcement is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure prospective purchasers that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company does not undertake, and assumes no obligation, to update or revise any such forwardlooking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. No stock exchange, regulation services provider, securities commission or other regulatory authority has approved or disapproved the information contained in this Announcement. (C) 2024 Electronic News Publishing, source ENP Newswire

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