Merlin Ni-Cu Project

 

The Merlin Project is located 100km east of Derby in the Kimberley Region of Western Australia and covers an area of 28km2. Since grant the licence has been systematically explored for nickel-copper (Ni-Cu) mineralisation. In 2015 Buxton discovered significant Ni-Cu sulphide mineralisation at Merlin, marking a turning point for the prospectivity of the Palaeoproterozoic Ruins Dolerite unit in the King Leopold Orogen, West Kimberley (https://www.asx.com.au/asxpdf/20151126/pdf/4339ms50q48sf1.pdf).

 

During the most recent 2018 field season, multiple intersections of primary orthomagmatic Ni-Cu sulphide were drilled. The highlight was drill hole...

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Fraser Range JV (IGO-BUX)

 

Buxton and IGO entered into a joint venture agreement for two tenements in the Fraser Range, Widowmaker E28/2201 and Zanthus E28/1959, in 2016 whereby Buxton retained a 10% free carry to decision to mine and IGO manages all exploration (refer to BUX ASX announcement 24 August 2016).

Independence Group has been undertaking systematic greenfields exploration in the Fraser Range targeting Nova style (magmatic Ni-Cu-Co sulphide) discoveries within over ~15,000km2 of regional tenure. Exploration spend has been in the region of ~$20m per annum for several years. The only tenement specifically referred to in several recent IGO announcements and...

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West Kimberley IGO JV

 

The recently formed regional joint venture between Buxton Resources and Independence Group NL will allow for significantly increased Ni-Cu sulphide exploration activity in the underexplored King Leopold Orogen. A highly experienced team has been established and work has commenced. Aerial geophysics, geological mapping and surface geochemistry is currently planned for the 2019 field season.

 

 

Independence Group NL (ASX:IGO) is currently managing exploration whilst earning into the West Kimberley Project, with Buxton being free carried until completion of a Feasibility Study (refer to ASX: BUX announcement 29 November 2018 for...

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