Buxton Resources (ASX:BUX) targets high-grade graphite bonanza at Graphite Bull

In an era of booming demand for battery materials, Buxton Resources (ASX:BUX) has delivered promising new assay results from its Graphite Bull project in Western Australia, with implications for its standing in the graphite market.

Drill Results Reveal Exceptional Grades

• Drill hole GB011RC returned 50 metres at 24.9% total graphitic carbon (TGC) from a depth of 38 metres.
• GB009RC unveiled a spectacular 10 metres at 37.3% TGC from just 12 metres, including a standout 6 metres at 47.3% TGC.
• A new resource estimate, building on the project’s existing 4 Mt at 16.2% TGC, is due early next year.

The near-surface nature of these high-grade intersections underscores the project’s potential for economic extraction and scalability.

Meeting Global Battery Demand

Benchmark Mineral Intelligence predicts the world will need to increase graphite production eightfold by 2040 to meet lithium-ion battery requirements.

Graphite is the single largest component in battery anodes, making projects like Graphite Bull critical to the supply chain.

Buxton Resources CEO Marty Moloney emphasised the project’s value: “Incredibly high grades and an investment-friendly location are two of Graphite Bull’s defining qualities. We’re now finalising inputs to the resource upgrade, which is a key short-term priority.”

Strategic Advantages and Partnerships

The project’s location in Western Australia’s Tier 1 jurisdiction and its proximity to Asian battery anode facilities strengthen its strategic positioning.

Graphite Bull’s high-grade deposits and scalability enhance its potential to attract significant market interest.

Buxton has supplied a 750-kilogram bulk sample to BTR New Material Group, a global leader in anode manufacturing.

Results from ongoing qualification testwork are expected in February 2025, potentially solidifying the project’s role in high-performance battery applications.

A Path to Open-Pit Mining

Geological modelling confirms a 1,500-metre strike length of mineralisation starting at the surface and remaining open at depth.

With several zones demonstrating strong potential for resource classification, the project is poised to support open-pit mining operations.

Positioning for Future Success

As the US Inflation Reduction Act drives graphite investment outside China, Graphite Bull’s high-grade results and strategic location position Buxton to play a pivotal role in bolstering supply chain resilience.

The next steps for Buxton include delivering an updated resource estimate, completing metallurgical testwork, and progressing market engagement.

As these milestones align, Graphite Bull could emerge as a key contributor to the battery materials revolution.

For investors and industry stakeholders, Buxton Resources represents a compelling opportunity to watch closely in the critical minerals sector.

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