Lateron Project - High-Priority Cu/Au Drill Targets Defined

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Stock Buxton Resources Ltd (BUX.ASX)
Release Time 10 Nov 2025, 9 a.m.
Price Sensitive Yes
 Lateron Project - High-Priority Cu/Au Drill Targets Defined
Key Points
  • Drill Ready: Three high-priority, magnetic-gravity targets defined for intrusive-related Cu/Au mineralisation under shallow cover
  • De-risked Targets: New petrographic evidence confirms the presence of magmatic amphibole and titanite, minerals highly indicative of large-scale magmatic/hydrothermal sulphide systems
  • Geophysical Convergence: Detailed ground gravity and passive seismic surveying successfully constrained the 3D model, refining targets at depths as shallow as 77.5m
Full Summary

Buxton Resources Ltd (ASX: BUX) is pleased to report the successful finalisation and de-risking of three high-priority drill targets at the 100%-owned Lateron Project, targeting intrusive-related Cu/Au mineralisation. The Lateron Project is located at the western margin of the Tanami Province, 150km south from Halls Creek. The new targets result from 3D geophysical inversion modelling of new, detailed ground gravity and high resolution open-file magnetics, constrained by reconnaissance passive seismic surveying. The modelling has identified four discrete, highly magnetic features arranged around a central high-density, structurally controlled block. Crucially, petrographic results from historic drill core fragments confirm the presence of magmatic amphibole and titanite alongside pyrite and chalcopyrite. These minerals are highly encouraging as they are derived from magmas with high water content & sulphur solubility - these are commonly associated with magmatic/hydrothermal copper-gold deposits. The Company is presently finalising the negotiation of a Heritage Protection / Land Access Agreement, after which it can seek to undertake heritage surveys to allow for the commencement of a drilling program in 2026.