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ELEMENT 25 LIMITED — Merger & Acquisition 2012
Jun 20, 2012
64810_rns_2012-06-20_5f80f235-3e63-45b6-a4ef-4e1a09f44d94.pdf
Merger & Acquisition
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ABN: 86 125 049 550 ASX Code: BUX, BUXO Frankfurt: 3B4.F Share Price: 0.12 Shares on Issue: 41.1M No of listed options: 4.0M Market Cap: 4.93M Cash at Bank: 1.27M
ASX ANNOUNCEMENT
Buxton Resources Acquires the Yalbra Graphite Project
Board Members
Seamus Cornelius Chairman Anthony Maslin Managing Director Julian Stephens Non-Executive Director
Joint Company Secretaries Sam Wright Jodi Haslinger
Website www.buxtonresources.com.au
Buxton Resources is pleased to announce that it has exercised its option to acquire 85% of the Yalbra Graphite Project in the North West Gascoyne region of Western Australia from Montezuma Mining Ltd.
Buxton Resources Managing Director Anthony Maslin said “The acquisition of the Yalbra Graphite Project is an exciting step for Buxton Resources. Yalbra is one of only a handful of known graphite deposits in WA, and clearly very prospective.
We have begun discussions with the traditional land owners and pastoralists and look forward to commencing field activities as soon as possible.”
Buxton Resources Ltd – ASX Announcement
21 June 2012
Background
The Yalbra Graphite Project is located 250 km North West of Meekatharra and 280 km East of Carnarvon, Western Australia.
The tenement E09/1985 is in the application stage and covers an area of approximately 37 square kilometres.
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Figure 1: Location of the Yalbra Graphite Project
For further information regarding Buxton Resources Limited please contact:
Anthony Maslin Jodi Haslinger Managing Director Joint Company Secretary [email protected] [email protected]
Buxton Resources Ltd 50 Derby Road Subiaco WA 6008
Ph; 08 9380 6063 Fax; 08 9381 4056