M&A

Buxton baulks at deep drilling and restructures JV with IGO

AFTER more than four years on the ground, Buxton Resources has more or less called it a day in the West Kimberley after deciding the best value for shareholders was to immediately reduce to a free-carried 20% stake given recent geophysics have pointed to the need for deep drilling at the mainstay Merlin prospect.

 Buxton is set to the fly the coop after geophysics pointed to costly exploration ahead

Buxton is set to the fly the coop after geophysics pointed to costly exploration ahead

A restructure with joint venture partner Independence Group sees additional tenements and all Buxton's exploration equipment in the region being sold for a combined total of nearly A$1.3 million, with...

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