BUXTON RESOURCES LIMITED — AGM Information 2009

Nov 12, 2009

Buxton Resources Limited

2009 Annual General Meeting Presentation

Ron Smit, Managing Director 13 November 2009

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AGENDA

Overview Projects Looking Forward

Corporate / Financial Overview

Impact of Global Financial Crisis

Preserve core mineral assets and conserve cash

Gold & base metal explorer, WA

Listed: October 2007

Strategy – unchanged;

core business – gold & base metal explorer, WA

Turned over 3 projects; spent $1.3 million

VTEM, gravity, RC drilling, aircore drilling, geochemistry

create value by :

Organic growth – project generation initiatives

Cash: $2.1 million

Investments: 112,410 AGO shares

Acquisition – advanced mineral projects

Requires discipline & patience

Status

Market Cap: $1.9 million (at $0.06) Listed Shares: 32,040,010 Unlisted Options: 8,750,000 (June 2012)

Tight capital structure

Sound financial position

Top 20: ~ 60% R Smit 10.4% MZM 6.3%

Key project – Dempster – greenfields nickel

Buxton Projects

Current Projects

Dempster , Fraser Belt – Proterozoic gold & base metal search Eelya Hill , Yilgarn Block – VMS style copper + gold search

Zanthus , Fraser Belt – Proterozoic gold & base metal search

Divested

Western Shaw, Pilbara – retained royalty

Surrendered

Warda Warra, Yilgarn Block Kanandah, Eucla Basin

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Dempster Project

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Proterozoic gold & nickel search

Effective search tool ‐ calcrete geochemistry 1168 calcrete samples collected

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Targets generated & drill tested

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Dempster Project

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SW Prickle Prospect, Cross‐Section NE
granite gabbro dunite gabbro
Weakly elevated
~ 50 m
gold, copper, lead, zinc
ultramafic
~ 20 m
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75 shallow aircore holes

Testing of gold targets failed to detect mineralisation

Testing of Prickle target detected elevated gold (41 ppb) – copper (348 ppm) – lead (121 ppm) – zinc (2523 ppm) from weathered mafic gneiss

Lithotypes at Prickle includes dunite

Dempster Project – greenfields nickel search

Prospective rock package (distinctive magnetic character) – includes dunite

Over large area (> 30 km strike length; up to 7 km wide)

Never explored

Similarities to Thompson Nickel Belt, Canada

Proterozoic rocks along margin of Archaean craton

High–grade metamorphic belt; orogenic zone Dunite intrudes in to sulphide bearing host rocks

Test with EM

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Zanthus Project

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Major break in gravity ridge

Large domes & low strain

Gold mineralisation associated with N‐S faults

Main target is magnetic dome adjacent to N‐S fault

Regional calcrete samples to the south indicate elevated gold values

Eelya Hill Project – VMS style

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10m at 1.1% Cu
17m at 1.4% Cu
Gold Intersections
3m at 3.5 g/t from 6m Gold Intersections
11m at 2.4 g/t from 14m 3m at 10.6 g/t from 4m
2m at 4.0 g/t from 37m 3m at 19.7 g/t from 26m
7m at 6.1 g/t from 30m
10m at 0.78% Zn
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Felsic volcanic complex; gossans

Gossans drilled in 1960’s indicated base metal suphides;

Gold district with Tuckabianna to the south.

Eelya South & Laterite Hill Prospects

Gold explorers intersected base metal sulphides at felsic‐mafic contact.

Exploration strategy – drill beneath best intercept

Eelya Hill Project – VMS style

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Looking forward......

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Project Evaluation
Dempster – airborne EM survey
Driven by key decision points Eelya Hill – RC Drilling
Project Generation
Zanthus – calcrete geochemistry
Strength, low key, low cost
Project Acquisition
Continue search & risk assessment
Opportunity, look for value
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The Information in this presentation that relates to exploration results is based on information compiled by Ronald Smit, who is a member of the Australasian Institute of Mining and Metallurgy. Mr Smit is a geologist and full‐time employee of Buxton Resources Limited. He has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Ronald Smit consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.