Intense Porphyry Style Veining at Sun Devil, 100% BUX Ground
Released
Released
Announcement PDF
ASX Release
24 Jan 2024
Copper Wolf Project: Intense Porphyry Style Veining at Sun Devil on
100% BUX Ground, Tenure Expansion & Wolverine Drill Permitting
•
Intense porphyry related veining found at Sun Devil Prospect (100% BUX)
•
No previous drilling has been undertaken at Sun Devil
•
Helicopter-supported reconnaissance commencing 25th Jan
•
Additional 126 Claims staked & new Mineral Exploration Permit secured
•
Site visit with BLM permitting team paves the way for drilling at Wolverine
Buxton Resources Ltd (ASX:BUX) is pleased to report on progress from the Copper
Wolf Project in Arizona, USA.
Ongoing geological mapping and reconnaissance sampling has commenced in the
western part of the Project at the Sun Devil Prospect, where historical exploration
reports described porphyry style mineralisation at surface. In this area, Buxton's
geologists have encountered intense porphyry style veining along with evidence of
copper mineralisation - see outcrop photographs Figures 1-3, and Figure 4 for
location.
During early January 2024, BUX has staked an additional 126 federal Lode Mining
Claims (CW-216 through CW-342) and received approval for state Mineral
Exploration Permit 008-124640 which collectively extend the area of BUX’s tenure to
~41.2 km2.
The extents of all Project tenure (IGO earning 70% + BUX 100%)
including the newly claimed tenure is shown on Figure 4.
CEO Marty Moloney commented “Buxton's ongoing geological reconnaissance
continues to drive our expanding tenure footprint which in turn emphasises our
growing confidence that the Copper Wolf Project is host to an enormous
hydrothermal system and is a globally significant copper / molybdenum exploration
play.
We'll be expanding our geological mapping and surface sampling efforts along with
preparations to drill at Wolverine in anticipation of receiving permits mid-February."
PO Box 661
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Subiaco WA 6008
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Figure 1: Sun Devil Prospect; blue-green secondary copper minerals, likely a complex mixture of
chrysocolla, malachite & turquoise, coat a fracture which exposes a vein stockwork that overprints a
pre-mineral brecciated meta-granitoid. Boxworks (vugs) and dark spots containing iron & manganese
oxides are likely remnants of disseminated primary sulphides which have been leached by intense
oxidation / weathering.
Cautionary Statement: Because the copper mineralisation shown above is fracture controlled and the
sample is highly oxidised, visual estimation of the relative abundance of individual minerals is
extremely unreliable and therefore not reported. In short - copper and molybdenum grades can and
should not be estimated from this type of material. The description of this sample also provides no
information regarding potential impurities or deleterious physical properties relevant to valuations.
Laboratory assay results are required to determine the elemental grade of this material. The Company
will update the market when laboratory analytical results become available.
The Sun Devil prospect is located approximately ~5 kilometres west-southwest of
drillhole CPW0002DD which intersected high grade porphyry Cu-Mo mineralisation
under ~528 m of post mineralisation cover (see ASX Announcement 14/12/2023).
No drilling has been recorded or is evident at Sun Devil, although wide-spaced
historical drilling was conducted by Utah Corp and Phelp Dodge in the 1960s-1970s
to the north around the Aztecs Prospect and to the east at Mountaineer.
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In 2006 1 Lebon Gold reported a collation of 7 recent and historical rock chip samples
from Sun Devil that averaged 1.70% Cu and 40 ppm Mo (Table 1).
Figure 2: Sun Devil Prospect; intrusive host rock cut by intense vein stockworks with ex-sulphide
boxwork texture defining vein centrelines (interpreted to represent "B-type" porphyry veins). Veins
contain mineral halos comprising of K-feldspar and sericite. Approximately 40% of the outcrop is
either vein fill or selvedge.
Table 1: Historical Rock Chip Samples from Sun Devil as compiled by Lebon Gold (Ullmer, 2006)
Cu
Mo
(ppm) (ppm)
MinQuest
82
14
MinQuest
79
25
MinQuest 5,220
93
MinQuest 76,800
7
Sample ID Company
Sample ID
SM10
SM11
SM12*
SM24
SM25
6300A
6301A**
Cu
Mo
(ppm)
(ppm)
MinQuest
26,500
72
Cyprus
25
18
Cyprus
>10,000
52
Company
* Sample also analysed by petrography
** 10,000 ppm assumed for average calculation
Ullmer, E. 2006. Sheep Mountain Property, Yavapai County, Arizona NI 43-101 Technical Report
for Lebon Gold Mines Ltd & MinQuest Ltd (available on SEDAR)
1
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Lebon's report included a petrologic analysis for sample SM-12 (0.52% Cu, 93 ppm
Mo) that described relatively strong alteration overprinting a quartz monzonite
interpreted to belong to the Proterozoic Bradshaw Igneous Complex.
Much of the igneous plagioclase sample SM-12 had been replaced by orthoclase and
sericite (together representing potassic alteration) as part of the Laramide
hydrothermal alteration event. Biotite, potentially hydrothermal in origin, had been
bleached and replaced by white mica.
Weathering caused all pyrite to be oxidized and leached, with accompanying
kaolinite development.
Figure 3: Sun Devil Prospect; multi-phase vein stockwork overprinting brecciated granitic host rock.
Early quartz veins with dark biotite selvedges are overprinted by rectilinear array of sharp-edged milky
quartz veins. Both vein generations appear to have ex-sulphide "boxworks". Approximately 60% of
the outcrop is either vein fill or selvedge.
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Buxton recently announced discovery of an outcropping porphyry Cu-Mo system on
100% owned tenure (not subject to the IGO JV) at the Wolverine Prospect, some 7
kilometres to the north-northeast of Sun Devil. Buxton's rock chip sampling at
Wolverine returned laboratory assay results up to 14.1% Cu and 1,160 ppm Mo
(separate samples, see ASX Announcement 11/01/2024).
The alteration assemblages and vein styles at Sun Devil and Wolverine are visually
similar and include a) intense, multi-phase vein stockworks, b) potassic alteration and
c) highly anomalous copper and molybdenum. These features define a ~7 km trend
between Sun Devil and Wolverine across which the Copper Wolf hydrothermal
system has evidently developed. The Project therefore represents a globally
significant exploration opportunity for economic porphyry Cu-Mo style
mineralisation.
Figure 4: Copper Wolf Project tenure situation showing ~30.2 km2 area (coloured & outlined
polygons) for which Buxton has 100% interest in the subsurface estate (unencumbered except for
IGO's First Right of Refusal, see Table 1, Section 2). These areas include substantial basement
exposures indicating potential for copper porphyry mineralisation at shallower depths in comparison
to the Bobcat, Rattler and Coyote prospects. The BUX / IGO JV covers ~11.0 km2 and includes the
supergene blanket which has been the focus of previous exploration including historical resource
estimates by Liontown and others.
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A site visit by Buxton and Bureau of Land Management personnel has been
undertaken in response to Buxton's Notice requesting permission to drill at the
Wolverine Prospect. The BLM permitting team did not note any material concerns
whilst onsite. Permits are expected now take no longer than three weeks to be
issued.
The Wolverine drilling program is intended to provide fresh samples of Laramide
porphyry intrusive rocks, to confirm the potential for enriched and primary sulphide
zones at depth, and to assist with exploration targeting including planning and
interpretation of subsequent surface and airborne geophysical surveys.
---ooo--This release is authorised by the Board of Buxton Resources Limited.
For further information, please contact:
Martin Moloney
Chief Executive Officer
marty@buxtonresources.com.au
Sam Wright
Company Secretary
sam@buxtonresources.com.au
Competent Persons
The information in this report that relates to Exploration Results is based on information compiled by
Mr Martin Moloney, Member of the Australian Institute of Geoscientists and Society of Economic
Geologist. Mr Moloney is a full-time employee of Buxton Resources Ltd.
Mr Moloney has sufficient experience which is relevant to the activity being undertaken to qualify as
a “Competent Person” as defined in the 2012 edition of the Joint Ore Reserves Committee (JORC)
Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr
Moloney consents to the inclusion in this report of the matters based on the information in the form
and context in which it appears.
Validity of Referenced Results
Buxton confirms that it is not aware of any new information or data that materially affects the
information from previous ASX announcements which has been referenced in this Announcement.
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About the Copper Wolf Project
The Copper Wolf Project has multiple historical resource estimates available that confirm the presence
of a large porphyry Cu-Mo system. Porphyry Cu-Mo mineralisation at Copper Wolf has been dated
at 70.3 Ma (Laramide age) and is largely concealed by a post-mineral (Tertiary) sequence of volcanic
and sedimentary rocks.
The Project is located within one of the most prolifically endowed copper belts in the world (Figure
5), yet it has not seen any drilling since the early 1990s. Buxton’s 2022 airborne magnetic survey was
the first geophysical work undertaken since the early 1960s. Historic exploration has consisted of
relatively wide spaced drilling which focussed on significant supergene copper mineralisation located
where the NW trending Cow Creek Fault intersects Laramide hypogene porphyry style mineralisation.
Buxton is targeting high grade, underground bulk mineable copper-molybdenum mineralisation. In
this context, Buxton’s exploration approach can leverage the significant advances and ready
availability of modern geophysical targeting tools and mineral systems knowledge that have been
developed since exploration in this area ceased many decades ago.
Figure 5: Buxton’s Copper Wolf project is located in the prolific porphyry copper belt of SW USA /
Northern Mexico - most of the porphyry Cu-Mo deposits marked are current or previously operating
mines.
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JORC 2012 Table 1: Section 1 – Sampling Techniques and Data
Criteria
JORC Code explanation
Commentary
Sampling
techniques
Nature and quality of sampling (eg cut channels,
random chips, or specific specialised industry standard
measurement tools appropriate to the minerals under
investigation, such as down-hole gamma sondes, or
handheld XRF instruments, etc). These examples
should not be taken as limiting the broad meaning of
sampling.
Include reference to measures taken to ensure sample
representivity and the appropriate calibration of any
measurement tools or systems used.
Aspects of the determination of mineralisation that are
Material to the Public Report. In cases where ‘industry
standard’ work has been done this would be relatively
simple (e.g. ‘reverse circulation drilling was used to
obtain 1 m samples from which 3 kg was pulverised to
produce a 30 g charge for fire assay’). In other cases,
more explanation may be required, such as where there
is coarse gold that has inherent sampling problems.
Unusual commodities or mineralisation types (e.g.
submarine nodules) may warrant disclosure of detailed
information.
Drill type (e.g., core, reverse circulation, open-hole
hammer, rotary air blast, auger, Bangka, sonic, etc) and
details (e.g. core diameter, triple or standard tube,
depth of diamond tails, face-sampling bit or other type,
whether core is oriented and if so, by what method, etc).
The historic exploration sampling data presented
herein (re-reported from Ullmer, E. 2006. Sheep
Mountain Property, Yavapai County, Arizona NI 43101 Technical Report for Lebon Gold Mines Ltd &
MinQuest Ltd (available on SEDAR) are from major,
reputable mining companies including Phelps Dodge
Mining Company, Utah International Corp (merged
with General Electric Corp. in 1976) and Cyprus
Metals Company. These companies are regarded to
have had sampling methods and analytical
techniques for copper and molybdenum which are
generally compatible with modern standards. The
historical analytical data is supported by comparative
mineralisation in Buxton drillholes CPW0001DD and
CPW0002DD, sampled to JORC 2012 standards, and
recently completed at the Bobcat Prospect, some 5
km to the east.
Method of recording and assessing core and chip
sample recoveries and results assessed.
Measures taken to maximise sample recovery and
ensure representative nature of the samples.
Whether a relationship exists between sample recovery
and grade and whether sample bias may have occurred
due to preferential loss/gain of fine/coarse material.
Not applicable – the announcement does not refer to
drilling results.
Whether core and chip samples have been geologically
and geotechnically logged to a level of detail to support
appropriate Mineral Resource estimation, mining
studies and metallurgical studies.
Whether logging is qualitative or quantitative in nature.
Core (or costean, channel, etc) photography.
The total length and percentage of the relevant
intersections logged.
If core, whether cut or sawn and whether quarter, half
or all core taken.
If non-core, whether riffled, tube sampled, rotary split,
etc and whether sampled wet or dry.
Historical rock chip samples presented herein should
be considered as qualitative in nature and historical
records are not of sufficient detail to support Mineral
Resource or other studies.
Drilling techniques
Drill
recovery
sample
Logging
Sub-sampling
techniques
and
sample preparation
For all sample types, the nature, quality and
appropriateness of the sample preparation technique.
Quality control procedures adopted for all sub-sampling
stages to maximise representivity of samples.
Not applicable – the announcement does not refer to
drilling results.
Sample sizes are not reported, however these were
likely to be appropriate for the style of mineralisation
encountered and reconnaissance stage of
exploration. There are no available descriptions of
sample or field QA/QC with the historic documents.
Measures taken to ensure that the sampling is
representative of the in-situ material collected, including
for instance results for field duplicate/second-half
sampling.
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Whether sample sizes are appropriate to the grain size
of the material being sampled.
Quality of assay
data and laboratory
tests
Verification
sampling
assaying
of
and
The nature, quality and appropriateness of the assaying
and laboratory procedures used and whether the
technique is considered partial or total.
Historical reports do not adequately describe or verify
sampling procedures.
For geophysical tools, spectrometers, handheld XRF
instruments, etc, the parameters used in determining
the analysis including instrument make and model,
reading times, calibrations factors applied and their
derivation, etc.
Nature of quality control procedures adopted (eg
standards, blanks, duplicates, external laboratory
checks) and whether acceptable levels of accuracy (ie
lack of bias) and precision have been established.
The verification of significant intersections by either
independent or alternative company personnel.
Not applicable – no results from geophysical tools are
reported in this announcement.
The use of twinned holes.
Not applicable – the announcement does not refer to
drilling results.
Documentation of primary data, data entry procedures,
data verification, data storage (physical and electronic)
protocols.
All sample data is entered to spreadsheets by
Company personnel and validated by Company
geologists. This data is then imported into specialised
software where additional validation is completed.
Digital data is securely archived on and off-site.
Discuss any adjustment to assay data.
Historical rock chip assay data presented herein are
the simple arithmetic average of 6 samples from the
Sun Devil prospect. A value of 1% Cu was assumed
for sample 6301A (which exceeded the upper limit of
detection for that sample, and for which no over-limit
method was reported).
The historic sample preparation and analyses were
carried out during exploration by several reputable
mining companies who used laboratories with
standards accepted industry-wide at that time.
No laboratory reports are available for review that
describe the methods or preparation procedures.
The assay results have been reviewed by Buxton’s
geologists in Arizona and Perth.
* SM12 was also analysed by petrographic methods
Location
points
of
data
Accuracy and quality of surveys used to locate drill
holes (collar and down-hole surveys), trenches, mine
workings and other locations used in Mineral Resource
estimation.
Specification of the grid system used.
Quality and adequacy of topographic control.
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Historical sample locations are provided by Lebon on
map with a scale of approximately 1:37,000 (1.62 cm
= 600 m). Tabulated coordinates are not provided by
Lebon. The accuracy of the map, and the nature of
the geological outcrop, is sufficient to confirm that the
historical rock chip samples are from within +/- 100m
of the outcrop photographs presented herein.
Locations reported here use NAD83 zone 12,
elevations are reported as NAVD 88
Topographic control is USGS NED 1/3 arc-second
n35w113 1 x 1 degree ArcGrid 2019.
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Data spacing and
distribution
Data spacing for reporting of Exploration Results.
Whether the data spacing, and distribution is sufficient
to establish the degree of geological and grade
continuity appropriate for the Mineral Resource and Ore
Reserve estimation procedure(s) and classifications
applied.
Whether sample compositing has been applied.
Orientation of data in
relation to geological
structure
Sample security
Audits or reviews
Whether the orientation of sampling achieves unbiased
sampling of possible structures and the extent to which
this is known, considering the deposit type.
If the relationship between the drilling orientation and
the orientation of key mineralised structures is
considered to have introduced a sampling bias, this
should be assessed and reported if material.
The measures taken to ensure sample security.
The results of any audits or reviews of sampling
techniques and data.
The rock chip sampling programs are reconnaissance
in nature and sample spacing is deemed appropriate
for this stage of exploration.
No Mineral Resource or Ore Reserve calculations
have been performed.
No sample compositing has been undertaken.
The rock chip sampling programs are reconnaissance
in nature and sample spacing is deemed appropriate
for this stage of exploration.
Samples are stored and processed within a secure
workshop facility. Samples are regularly dispatched to
a laboratory for analysis as they are processed.
No specific external audits or reviews have been
undertaken.
JORC 2012 Table 1: Section 2 – Reporting of Exploration Results
Criteria
JORC Code explanation
Commentary
Mineral
tenement
and
land
tenure
status
Type, reference name/number, location and ownership
including agreements or material issues with third
parties such as joint ventures, partnerships, overriding
royalties, native title interests, historical sites,
wilderness or national park and environmental settings.
Prior to this Announcement, BUX’s tenure included a
100% interest in ~27.8 km2 of tenure consisting of
Federal Lode Mining Claims SM1-SM54 and CW01CW215 issued by the Bureau of Land Management
(BLM) covering 19.5 km2 and Arizona State Lands
Department (ASLD) Mineral Exploration Permits 008121028 and 1213390 covering 5.1 km2, and 008124215 covering 2.5 km2.
During January 2024, BUX staked an additional 126
Lode Mining Claims (CW216-CW342) and received
approval for ASLD Permit 008-124640 which
collectively extend the area of BUX’s 100% tenure to
~41.2 km2 (these extents are shown on Figure 4).
On the 4th of October 2022, Buxton satisfied all
conditions precedent for Buxton and IGO to enter into
an earn-in and joint venture agreement for the Copper
Wolf Project (Arizona, USA) then held as 100% by
BUX. By that agreement, IGO has an exclusive right
to earn a 51% interest in the initial Copper Wolf
Project tenements (SM1-SM54, CW01-CW44, 008121028 and 008-1213390, covering approximately
11.0 km2) by incurring and sole funding A$350,000 of
exploration expenditure in a 24-month period from
4/10/2022. Upon IGO incurring the A$350,000 earnin expenditure, it may elect to earn-in and form a 51%
IGO / 49% BUX unincorporated joint venture. During
the earn-in period, BUX will be the project manager.
IGO will be the initial manager of the joint venture.
Within 6 months of the commencement of the joint
venture, IGO has the exclusive right to elect to earn a
further 19% joint venture interest (to take its joint
venture interest to 70%) by sole funding exploration
expenditure of A$5,000,000 over 3 years (stage 2
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earn-in). For a 5 year period from the date of the
agreement, BUX are committed to present all copper
projects it secures or generates in Arizona to IGO by
way of a right of first refusal.
On the 10th November 2023, Buxton entered into a
“Copper Chief Lease and Option Agreement” with the
private owner of 7 Lode Mining Claims (Copper Chief
#1-5 & Copper Chief #18-19) covering approximately
58 hectares and a parcel of private property covering
approximately 16 hectares which is wholly contained
within the area of the Copper Chief Lode Mining
Claims (see Figure 4). This package of surface and
subsurface rights is contiguous with existing BUX
tenure. The agreement provides BUX the option to
acquire 100% of the surface and subsurface rights at
any time prior to 10th November 2028. Should BUX
chose to exercise the option, BUX will grant the seller
a five percent (5%) Net Smelter Returns Royalty, with
rights to purchase up to 3.5% of that Royalty.
There is a long history of exploration and mining in the
project area, so it is considered likely requisite permits
will be obtained as and when they are required.
Exploration done by
other parties
The security of the tenure held at the time of reporting
along with any known impediments to obtaining a
licence to operate in the area.
Acknowledgment and appraisal of exploration by other
parties.
Geology
Deposit type,
mineralisation.
Drill hole Information
A summary of all information material to the
understanding of the exploration results including a
tabulation of the following information for all Material
drill holes:
easting and northing of the drill hole collar
elevation or RL (Reduced Level – elevation above sea
level in metres) of the drill hole collar
dip and azimuth of the hole
down hole length and interception depth
hole length
If the exclusion of this information is justified on the
basis that the information is not Material and this
exclusion does not detract from the understanding of
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geological
setting
and
style
of
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The Copper Wolf project does not intersect or lie
adjacent to areas with native title interests, historical
cultural sites, wilderness or national park and
otherwise sensitive environmental settings.
The tenements are in good standing with the Federal
/ State government agencies.
A summary of the history of previous exploration
activities is included in this announcement, and in
Ullmer, E. 2006. Sheep Mountain Property, Yavapai
County, Arizona NI 43-101 Technical Report for
Lebon Gold Mines Ltd & MinQuest Ltd (available on
SEDAR)
The Competent Person has reviewed all historic
reports. Practices employed appear to have been
consistent with those adopted at other projects in
North America around the same time.
The mineralisation at the Copper Wolf Project
comprises porphyry copper-molybdenum type, with
both hypogene (primary) and supergene (secondary)
variants. This type of mineralisation is widely
distributed in the region around the Project
Not applicable – the announcement does not refer to
drilling results.
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the report, the Competent Person should clearly
explain why this is the case.
Data
aggregation
methods
In reporting Exploration Results, weighting averaging
techniques, maximum and/or minimum grade
truncations (e.g. cutting of high grades) and cut-off
grades are usually Material and should be stated.
Where aggregate intercepts incorporate short lengths
of high grade results and longer lengths of low grade
results, the procedure used for such aggregation
should be stated and some typical examples of such
aggregations should be shown in detail.
The assumptions used for any reporting of metal
equivalent values should be clearly stated.
Historical rock chip assay data presented herein are
the simple arithmetic average of 6 samples from the
Sun Devil prospect (see above).
Relationship
between
mineralisation widths
and intercept lengths
These relationships are particularly important in the
reporting of Exploration Results.
If the geometry of the mineralisation with respect to the
drill hole angle is known, its nature should be reported.
If it is not known and only the down hole lengths are
reported, there should be a clear statement to this
effect (eg ‘down hole length, true width not known’).
Not applicable – the announcement does not refer to
drilling results.
Diagrams
Appropriate maps and sections (with scales) and
tabulations of intercepts should be included for any
significant discovery being reported. These should
include, but not be limited to a plan view of drill hole
collar locations and appropriate sectional views.
Where comprehensive reporting of all Exploration
Results is not practicable, representative reporting of
both low and high grades and/or widths should be
practiced to avoid misleading reporting of Exploration
Results.
Other exploration data, if meaningful and material,
should be reported including (but not limited to):
geological observations; geophysical survey results;
geochemical survey results; bulk samples – size and
method of treatment; metallurgical test results; bulk
density, groundwater, geotechnical and rock
characteristics; potential deleterious or contaminating
substances.
The nature and scale of planned further work (e.g. tests
for lateral extensions or depth extensions or large-scale
step-out drilling).
See text and figures in body of release.
Diagrams clearly highlighting the areas of possible
extensions,
including
the
main
geological
interpretations and future drilling areas, provided this
information is not commercially sensitive.
See figures in body of release.
Balanced reporting
Other
substantive
exploration data
Further work
Results of all available historical work have been
reported herein.
All relevant, meaningful and material exploration data
pertinent to the reported observations has been
presented in this announcement.
See text and figures in body of release.
Cautionary Note Regarding Forward-Looking Information
This Announcement contains forward-looking statements and forward-looking information within the
meaning of applicable Australian securities laws, which are based on expectations, estimates and
projections as of the date of publication. This forward-looking information includes, or may be based
upon, without limitation, estimates, forecasts and statements as to management’s expectations with
respect to, among other things, the timing required to execute the Company’s programs, and the
length of time required to obtain permits, certifications and approvals.
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Subiaco WA 6008
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Wherever possible, words such as “anticipate”, “believe”, “expect”, “intend”, "should", "intend",
“may” and similar expressions have been used to identify such forward-looking information. Forwardlooking information is based on the opinions and estimates of management at the date the
information is given, and on information available to management at such time. Forward-looking
information involves significant risks, uncertainties, assumptions, and other factors that could cause
actual results, performance or achievements to differ materially from the results discussed or implied
in the forward-looking information. These factors, including, but
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