Announcement PDF ASX Release 23rd August 2024 Graphite Bull & Narryer Projects: Exploration Update • Core drilling completed for 1221.5 m in two holes • RC drilling ongoing 3,534m (9-22 Aug) at 246 metres per day • All holes intersect graphite inc. 68 metres @ >10% visually estimated TGC • Product qualification commenced with BTR in China • RC drilling to commence at the Narryer Project Buxton Resources Ltd (‘Buxton’; ASX:BUX) is pleased update shareholders in relation to activities at the 100% owned Graphite Bull and Narryer Projects. The ongoing drilling program at Graphite Bull aims to support a substantial Mineral Resource Estimate in Q4 2024. Recent drilling-related activities include; - Diamond drilling (DD), completed 8th August with a total of 1,221.5 metres of HQ diamond core drilled across two holes. - An initial batch of 57 samples from a ~52 metre length of diamond core (GB006DD 491.00 – 541.96 metres) is currently at ALS laboratories and has completed sample preparation. Total Graphitic Carbon (TGC) results are expected within two weeks. - Reverse Circulation (RC) drilling has progressed smoothly, with 3,534 metres drilled across 24 holes (GB008RC – GB031RC – Table 3) averaging 146 metres depth, at 246 metres per day. Most holes have been drilled across 1,080 metres of geological strike East of the existing Resource area (Figure 1). Several new RC holes within the existing Resource aim to provide support for conversion to JORC Indicated classification. - The RC drilling has intersected graphite mineralisation > 5% visually estimated TGC within 832 metres, or 24% of the metres drilled (Table 1). Results include 68 metres at >10% visually estimated TGC from 43 metres in GB012RC (see table inset on Figure 1). These new results are highly encouraging given that the 2011-2012 programs, which were drilled to the South (generally subparallel with ore zones), achieved an equivalent rate of 25% (1050.7 metres >5% TGC assayed across 4,149.7 metres of drilling). The current program is drilled mostly North with the aim of intersecting ore zones at an angle closer to true width. This result is interpreted to reflect generally thicker true widths of mineralisation in the East compared to the Resource area. PO Box 661 Nedlands WA 6009 15 Robinson Av Belmont WA 6104 T: 08-9380 6063 E: info@buxtonresources.com.au W: www.buxtonresources.com.au Visit our investor hub: investorhub.buxtonresources.com.au - The first batch of RC samples is expected to be delivered to ALS laboratories in Perth on 26th August, results expected within 1-2 months. Full assays to support mineral resource estimate are expected to take 2-3 months to complete. A substantively increased Mineral Resource Estimate is now targeted based on results from the 2023 & 2024 drill programs (>5,000m RC) supported by improved confidence in geological continuity provided by results from diamond drilling and recent structural mapping. Drilling activities will be finalised over the coming days. Figure 1: Graphite Bull Project plan showing recent drilling with visual estimates of graphitic carbon, existing Resource zones (steeply dipping to the South) are also shown. The table inset shows the top six intersections at >10% visually estimated TGC (true widths not determined). Cautionary Statement: Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. PO Box 661 Nedlands WA 6009 15 Robinson Av Belmont WA 6104 T: 08-9380 6063 E: info@buxtonresources.com.au W: www.buxtonresources.com.au Visit our investor hub: investorhub.buxtonresources.com.au In addition to the ongoing drilling programs at Graphite Bull, Buxton has recently dispatched a 1.5 kg parcel of graphite flake concentrate to BTR New Material Group, to commence qualification testwork. The concentrate was prepared by at ALS Metallurgy to a >95% TGC specification. BTR has held the top global market share for anode materials for 14 years, serving major lithium-ion battery manufacturers such as Panasonic, Samsung SDI, LGES, SKOn, CATL, and BYD. 1 The Topdrill RC rig will move to the Narryer Project over the weekend to test the 800 m x 150 m Ranger EM target (6,000 Seimens – Figure 2). This program will consist of 1-2 holes, with capacity for further drilling if warranted. ---ooo--This announcement is authorised by the Board of Buxton Resources Ltd. For further information, please contact: Martin Moloney Sam Wright Chief Executive Officer Company Secretary marty@buxtonresources.com.au sam@buxtonresources.com.au 1 BTR Press Release, 7th August 2024 PO Box 661 Nedlands WA 6009 15 Robinson Av Belmont WA 6104 T: 08-9380 6063 E: info@buxtonresources.com.au W: www.buxtonresources.com.au Visit our investor hub: investorhub.buxtonresources.com.au Figure 2: Narryer Project - Ranger Prospect showing planned drillholes with ground EM plates on airborne HeliTEM2 AEM image (dBz ch15) Table 1: Visual estimates collated by Mineralisation Zone & Grade - Main Zone in highlights PO Box 661 Nedlands WA 6009 15 Robinson Av Belmont WA 6104 T: 08-9380 6063 E: info@buxtonresources.com.au W: www.buxtonresources.com.au Visit our investor hub: investorhub.buxtonresources.com.au Drilling Campaign / Method Holes Metres >5% TGC (metres) 2024 DD 2024 RC 2012-2013 RC + DD 2 24 32 1,121.5 3,534 4,149.7 130.93 832 1050.7 >5% TGC (% of total metres drilled) 11% 24% 25% Basis of Total Graphitic Carbon (TGC) estimate Visual Estimates Visual Estimates Laboratory Assays Cautionary Statement: Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Table 2: Collar location details for 2024 DD and RC holes at Graphite Bull Hole ID Easting (m) Northing (m) RL (m) Azimuth (grid) Incl. Total Depth (m) GB006DD GB007DD GB008RC GB009RC GB010RC GB011RC GB012RC GB013RC GB014RC GB015RC GB016RC GB017RC GB018RC GB019RC GB020RC GB021RC GB022RC GB023RC GB024RC GB025RC GB026RC GB027RC GB028RC GB029RC GB030RC GB031RC 435132 435710 435186 435084 435093 435919 435872 435872 435750 435645 435752 435752 435985 435508 435389 435320 436111 435982 436117 435641 435631 435034 435125 435126 434967 434842 7172481 7172612 7172676 7172668 7172626 7172902 7172922 7172924 7172906 7172865 7172883 7172884 7172918 7172846 7172759 7172722 7172919 7172928 7172886 7172848 7172875 7172776 7172793 7172794 7172762 7172766 386 384 376 383 385 390 387 387 386 383 386 388 386 383 381 380 394 390 394 390 385 383 379 379 382 380 337.56 336.30 345.43 348.01 346.38 348.24 345.78 345.17 345.10 342.68 343.20 345.09 341.22 344.8 344.92 343.63 340.36 343.57 340.56 347.24 344.27 344.76 344.72 164.60 344.09 344.30 -66.58 -60.07 -61.67 -59.4 -60.97 -80.54 -80.31 -55.69 -60.69 -70.36 -75.38 -60.66 -75.49 -65.88 -65.26 -60.99 -61.2 -55.65 -60.54 -76.47 -55.78 -61.16 -67.73 -65.55 -60.53 -61.10 639.2 582.3 150 66 138 120 192 96 90 168 246 180 168 180 192 115 132 84 162 210 96 174 162 131 156 126 PO Box 661 Nedlands WA 6009 15 Robinson Av Belmont WA 6104 T: 08-9380 6063 E: info@buxtonresources.com.au W: www.buxtonresources.com.au Visit our investor hub: investorhub.buxtonresources.com.au About the Graphite Bull Project The at-surface, high-grade Graphite Bull (formerly Yalbra) Project is in the Tier 1 mining jurisdiction of Western Australia, Gascoyne region, on granted Exploration License E09/1985. Graphite Bull was acquired by Buxton in 2012 and by 2014 an airborne EM survey, several drilling programs and two resource estimates were completed. The Graphite Bull project currently has a JORC (2012) compliant Inferred Resource of 4 Mt @ 16.2 % TGC (ASX 24/10/2014). Due to projected growth of the global Lithium-ion battery market, and the essential part graphite will play in that – graphite is the single largest component of Li-ion batteries – Buxton recommenced work at Graphite Bull in 2022. Work since then has been focused on metallurgical test work through to final product (Activated Anode Material), and increasing Resource confidence and size, with very promising results to date. Forecast battery-related demand (Benchmark Mineral Intelligence) means that by 2027, global graphite production needs to double and that, by 2040, eight times current production will be required to supply the world’s lithium-ion battery anode market. Non-China battery anode capacity, and investment, is being spurred by US IRA legislation. Graphite Bull is therefore a very attractive project, being a high-grade deposit located in a Tier 1, US FTA mining jurisdiction, with ore materials having demonstrated excellent electrochemical performance and with outstanding Resource growth potential. Figure 3: Buxton’s Graphite Bull & Narryer Projects are located within the Gascoyne / Murchison Region of Western Australia. PO Box 661 Nedlands WA 6009 15 Robinson Av Belmont WA 6104 T: 08-9380 6063 E: info@buxtonresources.com.au W: www.buxtonresources.com.au Visit our investor hub: investorhub.buxtonresources.com.au About the Narryer Project The Narryer Terrane forms part of the Archean Yilgarn Craton margin which hosts the recently discovered, world-class Julimar Ni-Cu-PGE Project. This new discovery by Chalice Mining Ltd and the presence of numerous Ni-Cu-PGE occurrences along a >1,000km strike length defines the West Yilgarn Ni-Cu-PGE Province - a highly prospective new exploration frontier now subject to intense exploration activity. Buxton has also now identified that the Narryer Project has potential for carbonatite-related Rare Earth Element (REE) style deposits in the Proterozoic Badgeradda Basin rocks which have been accreted to the Yilgarn Craton. The Narryer Project also has potential for regolith-hosted REE within both Proterozoic and Archean successions. With the granting of E09/2722, Buxton now holds 1,918 km2 in four granted ELs along the highly prospective Yilgarn Western Margin, including the adjoining ~30 km long tectonic sliver of the Proterozoic Badgeradda Basin which has been emplaced here along this craton margin. During 2021 & 2022, Buxton completed ground reconnaissance, a regionally extensive 1-km spaced ground gravity survey and a highly targeted 2566.6-line km Airborne EM survey. Interpretation of the AEM data has identified multiple high priority anomalies, three of which warranted immediate followup by moving loop EM, which was completed at Bandito, Prodigy and Ranger Prospects in early 2023. Additional soil sampling was conducted over AEM targets in late 2003 which provided encouragement to extend the Ranger ground EM coverage. In additional to well defined Ni-Cu-PGE prospectivity, the broad tectonic and geological setting is prospective for REE, with the Gascoyne region shaping up as next Australia’s REE hotspot. REE projects nearby include Yangibana (under construction, ASX: HAS), Mangaroon (ASX: DRE), Mick Well (ASX: KFM), and Innouendy (ASX: DM1). The only REE operation in production in Australia is Mount Weld (ASX: LYC), near Laverton, WA. PO Box 661 Nedlands WA 6009 15 Robinson Av Belmont WA 6104 T: 08-9380 6063 E: info@buxtonresources.com.au W: www.buxtonresources.com.au Visit our investor hub: investorhub.buxtonresources.com.au Competent Persons – Graphite Bull 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. Competent Persons – Narryer Project 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 consent to the inclusion in this report of the matters based on the information in the form and context in which it appears. The information presented herein that relates to Exploration Results from analysis of the Ground Electromagnetic survey results is based on information compiled and reviewed by the Russell Mortimer, a Competent Person who is a Member of The Australian Institute of Geoscientists and fairly represents this information. Mr Mortimer has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activities 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 Mortimer is an independent Consultant Geophysicist at Southern Geoscience Consultants Pty Ltd and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. PO Box 661 Nedlands WA 6009 15 Robinson Av Belmont WA 6104 T: 08-9380 6063 E: info@buxtonresources.com.au W: www.buxtonresources.com.au Visit our investor hub: investorhub.buxtonresources.com.au Previously Reported Information – Graphite Bull Project There is information in this announcement relating to exploration results previously announced on: 1. 2. 3. 4. 5. 6. 7. 24th October 2014 – Buxton significantly expands Graphite Resource at Yalbra 7th February 2023 – Graphite Bull Exploration Update (Ground EM results) 19th April 2023 – Graphite Bull Drilling Assays 23rd October 2023 – Outstanding shallow conductors identified at Graphite Bull 29th April 2024 – Graphite Bull Heritage Clearances Received 9th July 2024 - Drilling Program Commences at Graphite Bull Project 19th July 2024 - Graphite Bull Project - Drilling Update Previously Reported Information – Narryer Project There is information in this announcement relating to exploration results previously announced on: 1. 2. 3. 4. 5. 13th October 2022 - High priority AEM anomalies detected at Narryer Project 30th January 2023 - Exploration Update - Narryer Project 2nd August 2023 - Highly Anomalous REE in Rock Chip at Prodigy Prospect 24th August 2023 - Narryer Soil Sampling Program Complete (clarification) 22nd May 2024 - High Conductance Ground EM Plates Modelled at Ranger & Oculus Prospects 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. PO Box 661 Nedlands WA 6009 15 Robinson Av Belmont WA 6104 T: 08-9380 6063 E: info@buxtonresources.com.au W: www.buxtonresources.com.au Visit our investor hub: investorhub.buxtonresources.com.au 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. 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 not limited to, fluctuations in currency markets, fluctuations in commodity prices, the ability of the Company to access sufficient capital on favourable terms or at all, changes in national and local government legislation, taxation, controls, regulations, political or economic developments in Australia or other countries in which the Company does business or may carry on business in the future, operational or technical difficulties in connection with exploration or development activities, employee relations, the speculative nature of mineral exploration and development, obtaining necessary licenses and permits, contests over title to properties, especially title to undeveloped properties, the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other geological data, environmental hazards, industrial accidents, limitations of insurance coverage and the possibility of project cost overruns or unanticipated costs and expenses, and should be considered carefully. Many of these uncertainties and contingencies can affect the Company’s actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Prospective investors should not place undue reliance on any forward-looking information. Although the forward-looking information contained on in this Announcement is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure prospective purchasers that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company does not undertake, and assumes no obligation, to update or revise any such forwardlooking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. No stock exchange, regulation services provider, securities commission or other regulatory authority has approved or disapproved the information contained in this Announcement. PO Box 661 Nedlands WA 6009 15 Robinson Av Belmont WA 6104 T: 08-9380 6063 E: info@buxtonresources.com.au W: www.buxtonresources.com.au Visit our investor hub: investorhub.buxtonresources.com.au JORC Table: 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). Diamond drilling at Graphite Bull produced HQ diameter core (63.5mm diameter). All core runs are oriented using an Axis Mining Technology Champ Ori tool. 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. Sample recovery for DD core loss is recorded by the drillers with any core loss intervals noted on annotated wooden blocks inserted into the core boxes by the driller. Core loss averages 99.5% for the hole. No significant core loss is recorded in the reported mineralised intervals. Drilling techniques Drill sample recovery 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. Analyses will be undertaken by ALS Geochemistry in Perth and include Total Graphitic Carbon with other parameters as necessary. Diamond drilling (DD) and Reverse Circulation (RC) drilling was undertaken by by Topdrill PL using a Sandvik DE880 trick mounted rig (DD) and a Schroamm T685 truck mounted rig (RC). Rod counts are routinely carried out and marked on the core blocks by the drillers to ensure the marked core block depths are accurate. RC recoveries were considered good with available air for drill sample recovery being deemed adequate for the ground conditions and depth of sampling undertaken. Appropriate measures have been undertaken to maximise sample recovery and ensure the representative nature of samples, including: - Terminating RC holes when recovery amounts are reduced at depth Terminating RC holes when excess water is encountered Full assessment of recovery will be undertaken when the core is transported to BUX’s core processing facility in Perth, with QA/QC of the recovery to be assessed by reconstructing the core into continuous runs in an angle iron cradle. No apparent relationship has been defined between sample recovery and grade based on the various drilling programs to date at Graphite Bull. PO Box 661 Nedlands WA 6009 15 Robinson Av Belmont WA 6104 T: 08-9380 6063 E: info@buxtonresources.com.au W: www.buxtonresources.com.au Visit our investor hub: investorhub.buxtonresources.com.au Logging 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. Diamond Drilling Logging of the diamond drill hole was conducted at the Project site by qualified geologists with sufficient knowledge of the deposit style and the geological terrane the drilling was completed in. Logging of the hole is ongoing with lithology, mineralogy and mineralisation being recorded digitally. Logging completed can be considered qualitative in nature. Once the core is transported to BUX’s core processing facility in Perth, further qualitative logging of the entire hole will be undertaken recording weathering, colour, and other features of the samples. In addition to the qualitative logging, once the hole has been transferred to BUX’s core processing facility in Broome the core will be logged in a quantitative manner in terms of structure and geotechnical parameters. Photographs of all DD trays will be taken at BUX’s core processing facility at the Project, and in Perth and retained on file with the original core trays stored at BUX’s core library in Peth. Logging to date can be considered sufficient to report the intersection of low grade (trace-5% TGC), moderate (5-10%) and high-grade (>10% TGC) graphite mineralisation based on visually estimates and with reference to previous drillhole samples and results. Logging to be completed at BUX’s core processing facility in Perth will be adequate to support downstream exploration studies and follow-up drilling. Reverse Circulation Drilling For the RC program, chip trays were collected from each one metre interval this was used to log lithology, oxidation and visual graphite content estimate a streak test was used to assist with visual estimates alongside historical samples. Visual estimates for TGC were based on comparison with historic samples from Buxton’s 2014 program, YBRC0018 and YBRC0019 which constituted 276 metres of previously assayed material with grades from 0.1% to 30.9% TGC. This included 52 samples greater than 10% TGC. 19 samples from 5-10% and 87 samples from 0-5%. Samples were noted if they were wet or where recovery was significantly impacted. Photographs of all RC chip trays will be taken at BUX’s core processing facility at the Project, and in Perth and retained on file with the original chip trays stored at BUX’s storage facility in Peth. Sub-sampling techniques and sample preparation PO Box 661 Nedlands WA 6009 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. 15 Robinson Av Belmont WA 6104 Logging is considered to be semi-quantitative. Diamond Drilling Following core processing at BUX’s core processing facility in Perth, the mineralised intervals will be subsampled into quarter and/or half-core using a wet- T: 08-9380 6063 E: info@buxtonresources.com.au W: www.buxtonresources.com.au Visit our investor hub: investorhub.buxtonresources.com.au 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. 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. Whether sample sizes are appropriate to the grain size of the material being sampled. Quality of assay data and laboratory tests Verification of sampling and assaying diamond-blade core saw and submitted to ALS Limited Perth. All samples to be submitted for assay will be selected from the same side of the core, with exceptions only being for duplicate samples of selected intervals, where quarter-core subsamples will be cut from the half-core. Reverse Circulation Drilling All RC one-metre sub-samples from drill holes were collected from a cone splitter respectively, to produce an ~15% routine split sample for analysis. The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. Not applicable, the release does not include laboratory assay results. 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. Not applicable, the release does not include data from geophysical or handheld XRF tools. The verification of significant intersections by either independent or alternative company personnel. Senior company geological personnel onsite for the entirety of the drilling and logging process. In addition to duplicate samples (detailed above), Quality Control and Quality Assurance (QA/QC) procedures included insertion of standards (three different standards each certified for TGC at three different abundance levels appropriate for the Graphite Bull mineralisation) and blanks which were inserted every 20 samples. Once the core is processed at BUX’s core processing facility in Perth. The logging will be validated by a BUX on-site geologist and compiled onto the BUX MX Deposit drill hole database Assay data will be imported directly from digital assay files from contract analytical company ALS (Perth) and merged in the Company MX Deposit drill hole database. Data is backed up regularly in off-site secure servers. No new geophysical results are used in exploration results reported. No historic holes were twinned as part of this program. The use of twinned holes. Location of data points PO Box 661 Nedlands WA 6009 Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Logging and sampling were recorded directly into a digital database. Discuss any adjustment to assay data. Not applicable, the release does not include laboratory assay results. The surface hole collar location was surveyed using a handheld Garmin GPS unit with an expected accuracy of ±6m for easting and northing with elevation also recorded. Accuracy and quality of surveys used to locate drill holes (collar and down-