• ~A$6.15 million consideration payable to Buxton at Completion
• Current JV and Farm-In Agreement to be terminated
• BUX to retain 100% unencumbered interest in surrounding Arizona tenure
• IGO's Right of First Refusal over BUX's Arizona copper projects to be terminated

Buxton Resources Ltd (ASX: BUX) has entered into a binding Asset Sale Agreement with IGO Newsearch Pty Ltd and IGO US Project LLC, both wholly owned subsidiaries of IGO Limited (ASX: IGO), for the sale of Buxton's remaining 49% joint venture interest in the Copper Wolf Project in Arizona, USA. Under the terms of the agreement, IGO will acquire Buxton's 49% joint venture interest for a total cash consideration of approximately A$6,150,000. Upon completion, the existing joint venture between the parties will be terminated, and IGO will assume 100% ownership and operational control of the previous joint venture area. The transaction allows Buxton to crystallize significant value for shareholders while retaining exploration upside across its 100% owned tenements in Arizona. Buxton will be released from future liabilities and obligations associated with the joint venture area, including rehabilitation and 'make good' costs. Subject to completion, Buxton will retain a 100% unencumbered interest in 30.5 km2 area surrounding the transaction mining tenements, which covers highly prospective and undrilled extensions to the Copper Wolf porphyry system. Additionally, IGO's existing Right of First Refusal over Buxton's copper projects within the state of Arizona will be terminated, restoring Buxton's strategic agility.

With the Wolverine, Sun Devil, and Aztecs targets representing genuine discovery opportunities, Buxton looks forward to progressing these while leveraging its generative pipeline to acquire new projects, all backed by a materially stronger balance sheet.