• Secured all key licences and approvals for maiden drilling program at Madman Project
• Entered binding agreement to sell 49% interest in Copper Wolf Project for ~A$6.15 million
• Lodged new tenement application to expand Madman tenure to ~530 km²

Buxton Resources has released its quarterly activities report for the period ending 31 March 2026. Key highlights include securing all necessary licences and approvals for the maiden drilling program at the Madman Project, entering a binding agreement to sell its 49% interest in the Copper Wolf Project for ~A$6.15 million, and lodging a new tenement application to expand the Madman tenure to ~530 km². At the Madman Project, the company has engaged McKay Drilling to execute the maiden drilling program, which is designed to test a discrete magnetic anomaly. The Copper Wolf Project sale will see IGO assume 100% ownership and operational control of the JV tenements, while Buxton retains a 100% interest in surrounding tenure with key targets. Elsewhere, the company continues to progress exploration activities across its portfolio, including the Centurion, Lateron, Graphite Bull, and Blackhawk projects. Buxton also announced a ~A$3.0 million placement to fund ongoing exploration and drilling.

Following the sale of its interest in the Copper Wolf Project, Buxton will focus on advancing its 100%-owned projects, including the Madman, Lateron, Centurion, and Montello projects, with the funds raised from the recent placement.