Announcement PDF DEVELOPING & DISCOVERING CRITICAL MINERALS Company Overview May 30 2024 ASX:BUX CAPITAL STRUCTURE & FINANCIALS ASX:BUX 173.25M shares 19.75M options CAB: A$1.2M (Mar 31 24) Av Vol: 67k Mkt Cap: A$17.3M @ 10.0c 27/05/24 Senior Directors Management 2% 1% Corporate - Other 7% CAPITAL RAISE On 30 May 2024, Buxton announced a placement & SPP to raise ~A$3.5m. The placement & SPP is supported by IGO Ltd who have raised their ownership in BUX to 19.9% & have the Corporate - IGO 18% option of appointing a representative to the board of BUX. Funds raised will be applied to exploration programs across Buxton’s portfolio including Narryer, Graphite Bull, Centurion & Matrix Manganese Projects. Retail 58% Retail - Top 5 14% 2 DIRECTORS / SENIOR MANAGEMENT SEAMUS CORNELIUS MARTIN MOLONEY ANTHONY MASLIN Non-Executive Director Non-Executive Director Company Secretary/CFO Mr Cornelius brings to the Board over 25 years of corporate experience in both legal and commercial negotiations and has spent working as a corporate lawyer in China over a 17 year period. From 2000 to 2010 he was an international partner with one of Australia’s leading law firms and specialized in dealing with cross border investments, particularly in energy and resources. Mr Cornelius is currently the Non-Executive Chairman of Buxton Resources Ltd (appointed 29 November 2010) and Duketon Mining Ltd (appointed 8 February 2013). Mr Moloney is a geologist with experience in minerals exploration for a variety of commodities including Au, Ag, Cu, Mo, Pb / Zn, U, Sn, Ni and graphite. He has project management experience from greenfields to resource definition in a variety of jurisdictions and has worked for major mining houses, junior explorers, mid-tier producers, a boutique generative consultancy, in private equity, plus geophysical surveying contractors and GIS service & software providers. In his career as a stockbroker at Hartley Poynton Stockbrokers in Perth, Mr Maslin was instrumental in the capital raisings and promotion of several resource development companies. He has significant experience in capital raisings and management of both people and projects. Mr Fogarty has over 20 years of exploration experience with BHP Billiton and Western Mining Corporation. Stuart was BHP’s Senior Exploration Manager for North and South America and currently serves as the Managing Director of Duketon Mining. Founder and Managing Director of Straight Lines Consultancy, an advisory business providing services to ASX listed companies. Sam has extensive experience in relation to public company responsibilities, including ASX and ASIC compliance, control and implementation of corporate governance, statutory financial reporting and shareholder relations with both retail and institutional Investors. Mr Wright is Joint Company Secretary of Resolute Mining Limited from January 19, 2024 and serves as Non-Executive Director at Great Dirt Resources Ltd since August 28, 2023 and Reach Resources Limited since November 30 2021. Non-Executive Chairman CEO Mr Moloney joined Buxton in April 2000 as Chief Geologist and transitioned to Chief Executive Officer on 9 August 2024. Mr Maslin has also worked as a corporate promotion consultant to a number of listed companies and is currently serving as Chairman of Wide Open Agriculture Ltd (ASX: WOA). He held the position of Managing Director of Buxton Resources from December 2010 to October 2014. STUART FOGARTY Mr Fogarty has a very strong background in nickel exploration, having commenced his career at Kambalda Nickel Operations in 1994. He has had senior roles with BHP including Senior Geoscientist for nickel exploration in the Leinster and Mt Keith region, Project Manager WA Nickel Brownfields and Regional Manager Australia – Asia where he was responsible for $100 million per annum exploration budget. SAM WRIGHT 3 PROJECT PORTFOLIO - TIER 1 MINING JURISDICTIONS BUX 100% AVAILABLE TO JV BUX 100% IGO / BUX JV IGO / BUX JV ARIZONA MATRIX MADMAN WESTERN AUSTRALIA USA 4 PROJECT PIPELINE Committed JV forward spend ~$3M JV spend 2018-2024 ~$30M BUX’s tenure interests > 8,250 km2 BUX Annual Tenement Commitments < $850k West Kimberley JVs ~$5M spend to date Fraser Range JV ~$20M spend to date Matrix (Mn) Narryer (Ni) Centurion (Cu/Au) Lateron (Cu/Au) Madman (Cu/Au) 100% BUX Shogun (Ni)* Royale (Cu/Au)* DRILL TARGET DEFINITION All $ in AUD * Shogun & Royale in application status Porphyry exploration in elephant country BUX 100% & BUX 30% / IGO 70% One of Australia’s most significant nickel discoveries since Nova BUX 16% / IGO 54% RESOURCE DEFINITION Tier 1 natural graphite Tier 1 jurisdiction 100% BUX DEVELOPMENT 5 Q2 24 EXPLORATION SCHEDULE Q3 24 DEEP DIAMOND DRILLING 2025 Q4 24 RESOURCE EXTENSIONAL DRILLING PREFEASIBILITY STUDY RESOURCE UPGRADE MAIDEN RESOURCE? DD DRILLING (Funded by IGO) DRILLING (Funded by IGO) WA GREENFIELDS EM & HERITAGE (Narryer) MAG + SEISMIC SURVEYS Matrix DRILLING (Narryer) HERITAGE SURVEYS & ACCESS (Centurion, Shogun, Royale) BASELINE ENVIRONMENTAL AUDITS / PERMITTING EM (Narryer) IP (Lateron) DRILLING DRILLING (Centurion) METALLURGY 6 PROJECTS 7 8 (100% BUX) GRAPHITE BULL A development story that gets better every time we touch it… 1) High grade, at surface – 4 Mt @ 16.2% TGC  Demonstrated Resource Extensions – strong potential to be a multi-decade producer >100 ktpa of flake concentrate  Targeting updated MRE & PFS in Q4 CY24 Exploration Drilling at GB003RC (ASX 02/03/2023) 4 Mt @ 16.2% TGC Resource GB003RC 18m @ 16.2% TGC from 145m 2) Ideal characteristics for Battery Anode Material…  Excellent float concentrate grade and recovery with minimal inputs and optimum flake size for PSG  Testwork through to electrochemistry completed SEM image of flake concentrate (Anzaplan 10/04/2024) 9 (100% BUX) Excellent Location for Approvals & Infrastructure  Western Australia – consistently top 5 Fraser Institute ranking – developed, stable mining jurisdiction  28 km to major regional road, 500 km to Geraldton port GRAPHITE BULL (BUX 100%)  Heritage clearances in place to allow substantive resource expansion drill program  Baseline Flora and Fauna surveys completed - no species of concern  Initial groundwater investigations indicate ample local supplies at <1,000 TDS  Excellent engagement with stakeholders (Native Title, Pastoral and Local / State / Federal Government)  Ideal project for US incentive programs such as ~US$400B Inflation Reduction Act (IRA) Bulk materials handling ports 10 (100% BUX) Clear Resource Expansion Potential  2014 Resource defined over ~400m strike / 200m depth  Resource extension targets defined by EM, confirmed by scout drilling  BUX plans to conduct 15,000m of RC & 1,500m of diamond drilling in upcoming field season Long section looking N Ground EM results (ASX 07/02/2023) Scout RC program highlights GB001RC 33m @ 18.7% TGC from 11m GB003RC 18m @ 16.2% TGC from 145m GB004RC 32m @ 17.7% TGC from 49m and 5m @ 24.8% TGC from 20m GB005RC 5m @ 24.5% TGC from 123m Plan view 2023 RC collars, extent of 2014 resource 11 (100% BUX) Tier 1 concentrate for Battery Anode Material  Responds well to basic flotation = low cost & low risk Consultant (Test) Grade (% TGC) TGC Recovery (%) % Rec @ 95% TGC Con BL (BF2370) 98.2 90.7 93.7 IMO (FT02) 96.8 89.5 92.3 Sighter Flotation Results (ASX 13/03/2023)  Excellent concentrate grade and recovery, confirmed by multiple rounds of bulk flotation testwork  Flake size ideal for PSG Bulk Concentrate Preparation (IMO 20/09/2023) SEM image of flake concentrate (Anzaplan 10/04/2024) 12 (100% BUX) SPG 15 PSD d90/10 = 2.2 Anode material studies (ProGraphite, Germany)  Successful electrochemical work demonstrates suitability of Graphite Bull feed for Li-ion Battery Anode manufacture  99.97% TGC purity basic alkaline roast at 250°C (no HF)  Spheronising gives excellent shape and size distribution in line with industry expectations (PSD d90/10 = 2.2)  Concentrate micronised well with relatively little energy input Particle size distribution of SPG 15 (ASX 07/08/2023)  >50% recovery through to SPG – outstanding result for lab scale equipment, improvements expected with pilot testwork  Charging to 370 mAh/g - the performance (compared to other graphite tested) is good, very stable, almost no degradation.  Micronising, spheronising and purification work has been duplicated at two independent laboratories  Work is ongoing with Anzaplan, who have achieved 99.99% FC purity 0.1 mm / 100 microns SEM image of spheronised Graphite Bull concentrate (ASX 07/08/2023) 13 (100% BUX) Plan view of 2024 planned drilling program with heritage clearance status 2024 Heritage Survey April 2024 Heritage survey in covered >83% of the target area in the available time (3-days). Further surveys to be scheduled as required 218 of 223 drill pads cleared (~98%) All approvals are in place to support major resource expansion drilling program DDH1 Buxton has a strong commitment to forging excellent working relationships with the Burringurrah People, custodians of local Native Title DDH2 * 2014 resource is open in all directions (not drill constrained) 14 (100% BUX) Deep diamond drillholes planned for Q2 2024 Current Focus… DDH2 DDH1 1. Electrochemistry (largely complete) 2. Pre-feasibility Study • Metallurgical & environmental studies complete • Major drilling campaign planned for upcoming field season: • Deep diamond holes to test for u/g potential – 1,400m • Resource infill & extensional drilling (10,000 – 16,500m) • 500m 300m Existing Resource Updated MRE targeting Q4 2024, PFS Q1 2025 3. Ongoing Partnership Discussions • Qualification (200 kg conc sample available June ‘24) • Technology, Offtake & Investment EM Plates Perspective view looking southeast 15 (100% BUX) 2024 Program will commence with two deep RC / diamond holes to test for underground potential cross sections looking west long section looking north Existing Resource DDH1 DDH1 DDH2 125m 2,300m 1,500m DDH2 Hanging wall lode intersected in GB001RC 300m This exciting, priority exploration program will assess the potential for Graphite Bull to be a long-life open pit + underground mining operation 16 (100% BUX) Low power EM defines shallow Resource expansion targets (100% BUX) 4 Mt @ 16.2% TGC Resource Shallow EM conductivity anomalies – targets for open pit mineable graphite mineralisation outside existing resource Plan view recent shallow Loupe EM image, Ground EM plates, extent of 2014 resource 2023 scout RC drillholes (ASX 23/10/2023) 17 (100% BUX) 1 TIMELINE FOR PROJECT STUDIES & COMMISSIONING Prefeasibility Extension/Infill Resource Drilling, Resource & Mining Studies, Process/Flowsheet, Site Design/Eng, Hydrogeology, Analysis/Documentation, Stakeholder Engagement 2 Statutory Approvals First Product FOB Site Environmental Assessments, Mining Lease Application/Approval, Mining Proposal Preparation, Mining Proposal Assessment, NT Agreement, State Government Assessment 3 ~44-48 months from commencement of Prefeasibility Study Definitive Feasibility Study Infill Reserve Drilling, Metallurgical and Geotech Drilling, Resource and Mining Reserve Studies, Heritage Clearances, Site and TSF Design/Eng, Hydrological drilling, Sampling, Sighter Work, Bulk Sample collection, Pilot Flotation, Process Design, Logistics, Port Studies, Conc PSG testwork, DFS reporting Q1 Year 1 Q2 Q3 Q4 Q5 Year 2 Q6 Q7 Q8 4 EPCM, Commission, Production Finance, Early Design Scoping, Construction Design, Site Civils, Construction, Commissioning/Stockpile, First Product FOB, Ramp-up to Nameplate Q9 Year 3 Q10 Q11 Q12 Q13 Year 4 Q14 Q15 Q16 18 19 (BUX100% + BUX/IGO JV) Regional Deposits One of the World’s Great Copper Districts Deposit Contained Cu (Mt) Ore (Gt) Grade (% Cu) Buenavista 45 19.8 0.22 Morenci Resolution 43 28 20.1 1.9 0.22 1.52 Safford El Arco Bagdad 24 18 17 7.2 4.7 6.1 0.34 0.37 0.28 Copper Projects of the SW USA and Northern Mexico 20 (BUX100% + BUX/IGO JV) (BUX100% + BUX/IGO JV) Resource Definition in Elephant Country:  Arizona, USA - Tier 1 Cu/Mo mining jurisdiction, first drilling program in over 30 years  Cu resources already identified historically – discovered in 1965  CPW0001DD: 83.76 metres at 0.40% Cu and 0.065% Mo for 0.77% CuEq* from 527.91 metres  CPW0002DD: 405.38 metres at 0.35% Cu and 0.045% Mo for 0.61% CuEq* from 608.38 metres CPW0002DD at 619.70 m depth. The mafic schist on the left hosts a banded quartz-molybdenite vein which is cut by later veins of blebby sulphides. Disseminated sulphide is stronger in this mafic host compared with the chlorite altered felsic gneiss on the right of photo. Visually estimated sulphide abundances: 1.5% pyrite, 1.0% chalcopyrite and 0.15% molybdenite. HQ3 core is 63.5 mm width. (ASX 06/09/2023) Copper Wolf Tenure Situation 21 (BUX100% + BUX/IGO JV) CPW0002DD – 2 elements of high-grade porphyry systems 1) Mafic host rocks Cut HQ3 ½ core from 622.2 m in CPW0002DD. Metapelitic rock cut by multi-stage (stockwork) quartz-sulphide and sulphide-only veining. Secondary biotite forms as selvedge to the veining but is so intense that it appears to completely flood the non-vein component of the sample. Visually estimated sulphide abundances: 6% pyrite, 2.5% chalcopyrite and 0.1% molybdenite. HQ core is 63.5 mm width. (ASX 06/09/2023). 2) Intense vein stockwork Whole HQ3 core from 710.00 m in CPW0002DD. Medium grained intrusive rock cut by multi-stage (stockwork) quartz-sulphide veins. This sample illustrates strong fine grained molybdenite mineralisation in banded quartz veins and distinct K-feldspar selvedges. Visually estimated sulphide abundances: 4% pyrite, 1.25% chalcopyrite, 0.5% molybdenite. HQ core is 63.5 mm width (ASX 06/09/2023). Cross section looking East displaying BUX holes, CPW0001DD and CPW0002DD relative to historical exploration hole RC-UC-17. (ASX 06/09/2023) 22 (BUX100% + BUX/IGO JV) APPENDIX II Filo Del Sol 2019 Comparison to Filo del Sol Buxton’s work demonstrates Copper Wolf Project hosts a giant hydrothermal system exceeding 7 km x 3 km in area and over 600 m in depth. At Filo del Sol project (Filo Corp – TSX:FIL) a widespread porphyry system had been drilled at shallow depths over 5km strike by 2019. Discovery of high-grade Aurora Zone in 2021 drove a >10x increase in FIL’s market cap from CAD$176M (31/12/19) to CAD$2.8Bn (19/01/24). The high grades at the Aurora Zone result from the combination of intense porphyry vein stockwork & overprinting epithermal system. In CPW0002DD, the highest Cu grades are found intense porphyry vein stockwork overprints mafic host rocks… Filo Del Sol 2023 Selected Intercepts from BUX 2023 CPW DDHs Hole ID CPW000 1DD 2DD 2DD 2DD 2DD From (m) To (m) 527.91 (eoh) 611.67 608.38 1013.76 663.24 665.07 771.14 806.20 715.27 806.20 Interval Cu Eq (%)* Cu (ppm) Mo (ppm) 83.76 405.38 1.83 35.05 90.92 0.77 0.61 1.62 0.96 0.83 4,037 3,477 14,000 5,128 4,964 645 454 394 778 587 * CuEq based on $3.50/lb Cu and $20/lb Mo (payability / recovery not considered). Copper Equivalent (%) = Cu (%) + (Mo (%) x 5.7) 23 (BUX100%) Drill Targets Emerging on 100% Tenure Highly encouraging indications of a porphyry Cu-Mo system on 100% BUX tenure at the Wolverine Prospect with no volcanic cover. Geologic mapping has revealed multiple surface exposures with: • Porphyritic dykes comparable to CPW0002DD • Coincident veining, k-feldspar & qtz-sericite-py alteration and fe-oxides • Significant Cu & Mo anomalism • No historic drilling within the Wolverine Prospect area Iron-oxide-malachite contained in leached outcrop proximal to mapped porphyries. Chrysocolla staining inside iron-oxide fractures nearby to porphyritic dacitic dykes. Leached plagioclase-phyric porphyry cut by quartz-iron oxide veins 24 (BUX100%) Drill Targets Emerging on 100% Tenure Similar targets emerging at Sun Devil and Aztecs, 7 km from Wolverine, also on 100% BUX tenure Highly anomalous Cu, Mo and Ag confirmed at surface with lab assays up to 3.08% Cu, 156 ppm Mo and 9.34 ppm Ag No previous drilling at Sun Devil Outcrop dominated by quartz + iron oxide stockwork veining with k-feldspar alteration overprinted by sericite. (ASX 13/02/2024) Sun Devil prospect sample DC0107 - 30,800 ppm (3.08%) Cu & 58 ppm Mo. Highly weathered ?Proterozoic intrusive rock with stockwork veining and supergene chrysocolla overprint. (ASX 11/03/2024) 25 26 (BUX/IGO JV – BUX 16%) Advanced Exploration & Drill Testing WKJV - Dogleg Prospect High tenor Ni sulphides discovered but scale currently unknown – to be defined in upcoming field season  Merlin Prospect: BUX discovery defines new magmatic nickel province West Kimberley – good grades, but too small for standalone operation  Various IGO JVs, BUX free carried through to Final Investment Decision at Merlin, Feasibility elsewhere  Assay results returned from first diamond drillhole at the Dogleg Prospect:  13.85 m (True Width 13.24 m) at 4.35% Ni, 0.34% Cu, 0.15% Co from 177.34 m,  Including: 5.86 m (True Width 5.60 m) at 7.47% Ni, 0.31% Cu, 0.25% Co from 179.08 m  Merlin could conceivably provide satellite ore to an operation at Dogleg. Dogleg Prospect Location Plan (ASX 6/11/2023) 27 (BUX/IGO JV – BUX 16%) 2023 DISCOVERY – EM + DRILLING  MLEM targeting magnetic features in 2022 identifies a 280 x 75 m, 12,000 Siemen conductor  First hole (23WKDD003) intersects sulphide mineralisation hosted in the Ruins Dolerite, within Marboo Formation quartzmuscovite bearing metasediments  same geological setting as Merlin  A second hole (23WKDD004) drilled 65 m down-plunge of 23WKDD003, outside the area of the original MLEM conductor  intersected 2.89 m (True Width 2.63 m) at 4.17% Ni, 0.83% Cu, 0.14% Co from 233.63 m (refer to BUX ASX 100 m x 125 m announcement 01 February 2024).  23WKDD003 and 23WKDD004 show strong in-hole DHEM responses (limited effectiveness to see away from the holes  Combined interpretation of the DHEM data does suggest a potential extension of the MLEM conductor down-plunge  Modelling of the combined DHEM surveys has produced a 15,000 Siemen conductor with dimensions of 100 m x 125 m Dogleg Cross Section (ASX 01/02/2024) Dogleg Long Section (ASX 01/02/2024) 28 (BUX/IGO JV – BUX 16%) Extremely High Ni Tenor w/ Cobalt Credits Intercept (m) Assay Results From To Length Estimated True Width (m) 177.34 191.19 13.85 13.24 4.35 0.34 0.15 179.08 184.94 5.86 5.60 7.47 0.31 0.25 Ni (pct) Cu (pct) Co (pct) 23WKDD003 Assay Results (ASX 6/11/2023) 23WKDD003 at 179.1 m - massive sulphide mineralisation with visually logged Ni and Cu sulphides (ASX 4/10/2023) 6.57 m of massive (>80%) sulphides intersected in hole 23WKDD003 at the Dogleg Prospect from 179.1 m, within a 14.7 m zone of mineralisation from 176.45 m (ASX 4/10/2023) 29 Matrix Mn 30 BUX 100%) Matrix Project Claims Map (ASX 14/05/2024) Matrix Mn NEW PROJECT ACQUISITION  Low-cost brownfields exploration project acquisition covering 12 km2  Adjacent to world’s 6th largest resource by metal - 277 Mt @ 2.8% Mn  These deposits are unique in being hosted by sandstone  USA currently imports 100% Mn - strong local demand predicted for batterygrade sulphate  Testwork indicates exceptional leaching characteristics. USBoM deemed Artillery Peak the most suitable candidate for in-situ recovery study of all US Mn deposits  ISR amenable manganese: potential for low CAPEX / OPEX battery grade Mn sulphate / EMM Extraction % USBoM Column-leaching Mn-extraction curves for Arizona ore samples A: Artillery Peak (3.5% Mn, 2.5% Ca, 2.6% Fe) B & C: Tombstone D & E Harshaw Volume L Source: Pahlman & Khalafalla – 1988 - Leaching of Domestic Manganese Ores with Dissolved SO2. U.S. Bureau of Mines. Matrix Cross Section (ASX 01/02/2024) 31 BUX 100%) ISR OPEX ADVANTAGE Matrix Mn Traditional Processing of HPSM Mining & Extraction Advanced Processing of HPSM In situ recovery (ISR) offers the lowest mining costs, Mining & emissions intensity & environmental impact. Extraction Potential ISR Processing of HPSM ISR transfers a significant proportion of the Injection Mn acid Extraction Purification & H2SO4 digestion Mn in solution Separation Crystallizer hydrometallurgical processing of mineralised bodies to Matrix Mn the subsurface, directly obtaining solutions of metals. 32 BUX 100%) Matrix Claims Map (ASX 14/05/2024) Matrix Mn PHASE 1 EXPLORATION PROGRAM  Drone magnetics / photography (environmental baseline)  Active seismic, 4 lines  RC Drilling  Diamond Drilling if significant Manganese encountered  Success = >100 %.m Mn, saturated (below water table) , high & homogeneous permeability, low Ca, right mineralogy 33 WA GREENFIELDS PORTFOLIO 34 W. KIMBERLEY JV WA GREENFIELDS Drill Target Definition, 100% BUX LATERON CENTURION  Large geophysical feature (IOCG or Carbonatite target) CENTURION  Re-establishing access and heritage surveys planned for H2 2024  EIS Co-funded to $220k, drilling ASAP NARRYER  Ni sulphide (+/- Cu, PGE, Co)  Drilling planned for H2 2024 LATERON SHOGUN MADMAN ROYALE  Havieron-style Au  Bullseye mag target  No previous ground exploration GRAPHITE BULL MADMAN  Magmatic / hydrothermal Au-Cu  Sulphide bearing quartz diorites, shallow cover  IP surveys planned for H2 2024 NARRYER SHOGUN  Nova style Ni (Cu, PGE, Co)  Shallow cover (<50m), No previous MLEM  HPA negotiation ongoing ROYALE  Cu-Au/Mo porphyry model  Belt scale, untested concept, shallow cover  HPA negotiation ongoing FRASER RANGE JV 35 BUX 100%) Magnetics + Gravity contours (ASX 23rd May 2023) CENTURION Drill Target Definition, 100% BUX Giant geophysical target – Cu &/or Nb-REE Access route  Coincident 1,500 nT magnetic & 10.1 mgal gravity anomaly over 3.5 x 5 km area  CRA’s 1991 hole failed to test the target, strongly pyritic & chlorite altered boulder- Planned DD Hole sized clasts were logged in Permian conglomerate towards the base of this hole  Heritage agreements in place, initial works to re-establish ~50km access June / July  1,000m drillhole “VE002” top of target 500 – 700 m depth, EIS co-funded (ASX 23rd May 2023) Cross section with drilling plan Planned DD Hole (ASX 23rd May 2023) 36 BUX 100%) AEM image (channel z15) (ASX 22nd May 2023) NARRYER Drill Target Definition, 100% BUX Nickel sulfide targets ready to drill  ~7km Airborne EM trend has delivered 3 high conductance EM plates. Oculus presently has one line of ground Moving Loop EM  Support from coincident Cu + Ni in reconnaissance soil sampling & substantial gravity anomaly Gravity image (Bouguer 1VD) (ASX 26th Oct 2021)  Extensional MLEM planned at Oculus; Heritage clearances in place to drill at Ranger MLEM Modelling Results Locality Estimated Size of EM Plate Dip / Dip Direction Conductance (Siemens) Ranger 150 m * 800 m, 195 m depth to top -20 / 160 6,000 -38 / 274 10,000 -54 / 85 5,000 Oculus 1 Oculus 2 (ASX 22nd May 2023) 750 m * 1000 m, 100 m depth to top 37 FORWARD LOOKING STATEMENTS COMPETENT PERSONS STATEMENT This presentation has been prepared by Buxton Resources (“Buxton”). The information The information in this report that relates to Exploration Results is based on information compiled by contained in this presentation is a professional opinion only and is given in good faith. Mr Martin Moloney, Member of the Australasian Institute of Geoscientists. Mr Moloney is a full-time Certain information in this document has been derived from third parties and though employee of Buxton Resources Limited. Mr Moloney has sufficient experience which is relevant to Buxton has no reason to believe that it is not accurate, reliable or complete, it has not been the activity being undertaken to qualify as a “Competent Person”, as defined in the 2012 edition of independently audited or verified by Buxton. Any forward-looking statements included in the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, this document involve subjective judgement and analysis and are subject to uncertainties, Mineral Resources and Ore Reserves. Mr Moloney consents to the inclusion in this report of the risks and contingencies, many of which are outside the control of, and may be unknown to, matters based on the information in the form and context in which it appears. All exploration results Buxton. In particular they refer only to the date of this document, they assume the success and of Buxton’s strategies, and they are subject to significant regulatory, business, competitive announcements under the 2012 JORC Code. This information has not materially changed since it and economic risks and uncertainties. Actual future events may vary materially from those in was initially reported. geological information has been previously reported in numerous Company ASX 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 AUTHORISED BY REGISTERED OFFICE does not take responsibility for updating any information or correcting any error or The CEO on behalf of the Board of Suite 1, First Floor Directors of Buxton Resources. 14-16 Rowland St omission which may become apparent after this document has been issued. To the extent permitted by law, Buxton and its officers, 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 Subiaco WA 6008 Phone +61 (0)8 9380 6063 Postal Address PO Box 661 Nedlands WA 6909 Email: info@buxtonresources.com.au Website: www.buxtonresources.com.au 38