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BUXTON RESOURCES LIMITED Investor Presentation 2012

Aug 22, 2012

64585_rns_2012-08-22_eff0dd89-f0c8-4347-a633-83838e8a7dc8.pdf

Investor Presentation

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Investor Presentation – August 2012

Disclaimer/Competent Person’s

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Disclaimer:

This presentation has been prepared by Buxton Resources (“Buxton”). The information contained in this presentation is a professional opinion only and is given in good faith.

Certain information in this document has been derived from third parties and though Buxton has no reason to believe that it is not accurate, reliable or complete, it has not been independently audited or verified by Buxton.

Any forward-looking statements included in this document involve subjective judgement and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and may be unknown to, Buxton. In particular they refer only to the date of this document, they assume the success of Buxton’s strategies, and they are subject to significant regulatory, business, competitive and economic risks and uncertainties. Actual future events may vary materially from those in the forward looking statements. Recipients of this document are cautioned not to place undue reliance on such forward-looking statements.

Buxton makes no representation or warranty as to the accuracy, reliability or completeness of information in this document and does not take responsibility for updating any information or correcting any error or omission which may become apparent after this document has been issued.

To the extent permitted by law, Buxton and its officer’s employees, related corporations and agents disclaim all liability, whether direct, indirect or consequential for any loss or damage arising out of, or in connection with, any use or reliance on this presentation or information.

All amounts are in A$ unless otherwise stated.

Competent Person Statement:

The information in this report that relates to exploration results and exploration targets is based on information compiled by Dr Julian Stephens, Member of the Australian Institute of Geoscientists and Non-Executive Director for Buxton Resources Limited. Dr Stephens has sufficient experience which is relevant to the activity being undertaken to qualify as a “Competent Person”, as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and consents to the inclusion in this report of the matters reviewed by him in the form and context in which they appear.

Competent Person: The information in this report that relates to the mineral resources for the Cohen Deposit is based on information compiled by Mr Kevin Lowe (MAusIMM) under the supervision and guidance of Mr Trevor Stevenson (FAusIMM (CP)), who are both fulltime employees of Runge Limited. Trevor Stevenson has sufficient experience that is relevant to the style of mineralisation, type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration, Results, Mineral Resource and Ore Reserves (JORC, 2004). Trevor Stevenson consents to the inclusion in this report of the matters based on the information in the form and context that the information appears.

Corporate Overview

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ASX Code: BUX, BUXO

Shares on issue : 41.1M

Share Price History – 1 year to date

Listed options: 4.0M ($0.30) Unlisted options: 3.8M ($0.35)

Market Cap.: $7.6M

High: $0.30

Cash at bank: $1.2M (30 June)

Shareholders:

Low: $0.095

Montezuma Mining (MZM) – 11.5%

Top 20 : 70%

Directors

Mr. Seamus Cornelius – Chairman

Mr. Anthony Maslin – Managing Director Dr. Julian Stephens – Non Exec. Director

Tight capital structure highly leveraged to success

Project Overview

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Widowmaker Nickel-Copper Project – 100% Buxton

  • Located in the Fraser Range nickel province, WA

  • Multiple surface Ni-Cu-PGE anomalies identified

  • 22km along strike from Sirius Resources’ Nova Ni-Cu discovery

Zanthus Magnetite Project – 100% Buxton

  • Excellent access to infrastructure

  • Coarsest magnetite liberation size known in WA

  • Existing JORC resource and large exploration upside potential

  • Yalbra Graphite Project – 100% Buxton

  • Large exploration target

  • Coarse flake graphite identified

  • Broad, high-grade near-surface graphite mineralised zones over 4km+ strike length

Dempster Gold and Nickel Project – 90% Buxton

  • Large low-level gold anomalies

Strong WA project pipeline

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Widowmaker Ni-Cu Project

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  • 225 sq km in the Fraser Range nickel province, WA

  • Multiple Ni-Cu-PGE anomalies identified

  • 22km along strike of Sirius Resources’ Nova Ni-Cu discovery

  • Nova host rocks trending into BUX project area

  • Exploration license grant expected in the coming weeks

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Along Strike from Nova – same geological package, Ni anomalies

Soil Sampling - Raw Data

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Copper

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Airborne magnetic data indicates that the broad mafic-ultramafic lithological package that hosts the Nova discovery extends northeastwards into Buxton’s Widowmaker Project area, and corresponds with some of the Ni±Cu±PGE calcrete surface anomalies Along Strike from Nova – same rocks, Ni anomalies

Soil Sampling - Raw Data

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Nickel

Cobalt

Co co-incident with Ni – possibly significant in this environment

Soil Sampling - Raw Data

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Platinum

Palladium

Approximately 20km of strike length of the favourable lithological hostrock package interpreted

Exploration Program

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Aggressive exploration program planned, including:

  • Infill calcrete surface geochemistry program commencing immediately

  • Air core drilling program to test metal anomalies defined in surface geochemistry

  • Electromagnetic (EM) survey to identify conductors that may represent massive or other sulphide mineralisation styles

  • RC drilling of any EM conductors or targets identified through air core drilling program

Aggressive, focused exploration program

Zanthus Magnetite Project

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  • Strong rail infrastructure access:

  • 35km from Zanthus railhead and siding (see bottom right)

  • 600km by rail to Esperance Port (see top right)

  • Superior metallurgy - amongst the best in Australia : 68% Fe grade @ 150 micron

  • Initial inferred JORC resource:

  • 103.6Mt @ 26.5% Fe

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  • Global exploration target:

  • 0.7 – 1.3 billion tonnes @ 22-32% Fe*

  • Strategic partner identification process underway

Significant value to be realised

*The potential quality and grade of the Zanthus Exploration Target is conceptual in nature. There has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource

Zanthus – Exploration Target

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Target Areas Cohen: 140-210Mt@26%-32%Fe Marley Line: 151-281Mt@22%-32%Fe Zappa-Dylan Line: 227-421Mt@22%-32%Fe Joplin-Hendrix Line: 151-281Mt@22%-32% Fe Southern Targets: 76-140Mt@22%-32%Fe*

Potential base metal target

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*The potential quality and grade of the Zanthus Exploration Target is conceptual in nature. There has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource

Yalbra Graphite Project

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  • Strong demand outlook for Graphite market - Lithium batteries… and beyond

  • Exploration Target: 8 -12 Million tonnes @ 7-11% C*

  • Coarse flake graphite identified in historical drill logs

  • Historical Drill Results**:

  • PD 9 : 23.5m @ 19.5% C (from 9m) incl 15.2m @ 25.2% C

  • PD 10 : 39.6m @ 10.0% C (from 3m) incl 12.2m @ 23.6% C

  • PD 13 : 24.4m @ 11.6% C (from 18m) incl 6.1m @ 23.5% C

  • Mineralisation open along strike and at depth

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Strategic medium term asset

*The potential quality and grade of the Yalbra Exploration Target is conceptual in nature. There has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource

**all drilling intersections are quoted as downhole widths

Summary

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  • Very tight capital structure = excellent leverage

  • Immediate, aggressive exploration commencing at Widowmaker

  • Significant value to be realised from Zanthus

  • Excellent graphite exposure from Yalbra in the medium term

  • Great pipeline of projects

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Contact Information
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THANK YOU.

Buxton Resources Limited

Phone: +61 8 9380 6063 Fax: +61 8 9381 4056 Email: [email protected] Web: www.buxtonresources.com.au

Head Office

Suite 1, Level 1

14-16 Rowland St Subiaco WA 6008

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