# BUX: Annual Report Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/bux-annual-report--d94ac6a9-6131-4400-938c-8b59265c4899 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146813 Publisher: asx Original announcement: 2026-09-30T09:07:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-30T10:12:22.710Z Atlas analysis updated: 2026-09-30T10:12:22.710Z - Company: Buxton Resources Limited - Ticker: BUX - Exchange: ASX - Region: Unavailable - Primary commodity: Copper - Secondary commodities: Gold - Document categories: Agreement transaction, Capital raise, Other, Drill results - Extracted: 2026-09-30 10:12:23 UTC Narrative sentiment: 0.10 · Bullish ## Minestarters Atlas summary Buxton Resources Limited reported a profit after tax of $1.17 million for the year ended June 2026, primarily driven by the sale of its 49% Copper Wolf JV interest for A$5.9 million. The company also completed a share placement, raising over A$3 million to fund ongoing exploration activities across its copper-gold focused portfolio in Western Australia and Arizona. Exploration highlights include a maiden drilling program at the Centurion IOCG target, which returned elevated silver pathfinder signatures up to 4.57 g/t, and preparations for drilling at the Madman Project. Reasoning: The company reported a profit driven by the sale of a JV interest and successfully raised capital to fund ongoing exploration. While exploration is early stage, initial results from Centurion show elevated pathfinder signatures. However, an exploration asset was impaired, and the report primarily consolidates previously released information. - Positive factor: profit\_after\_tax\_due\_to\_asset\_sale - Positive factor: successful\_capital\_raise - Positive factor: ongoing\_exploration\_activities - Positive factor: elevated\_pathfinder\_signatures\_at\_centurion - Negative factor: impairment\_of\_exploration\_asset - Negative factor: low\_novelty\_as\_an\_annual\_report Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 4 ## Classification and evidence **Asset Sale** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company completed the sale of its 49% joint venture interest in the Copper Wolf Project, generating significant proceeds. Evidence · text > During the year, BRAZ completed the sale of its 49% joint venture interest under an Asset Sale Agreement. The transaction generated gross proceeds of A$5,911,776 **Share Placement** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company issued shares to raise funds for exploration activities. Evidence · text > On 10 April 2026, the Company issued 83,421,316 shares at an issue price of $0.035 per share raising $2,919,746 before issue costs. **Share Placement** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: A subsequent share placement was completed to raise additional funds. Evidence · text > On 9 Jul 2026 32,457,143 shares were issued for cash under a share placement at an issue price of $0.035 per share raising $1,136,000 before issue costs. **Pathfinder Anomaly** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Maiden drilling at Centurion returned elevated silver values as pathfinder signatures, indicating potential for a mineral system. Evidence · text > returned elevated pathfinder signatures, including silver values of up to 4.57 g/t **Maiden Drilling** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company completed its first drilling program at the Centurion Project. Evidence · text > Buxton completed its maiden drilling program at the Centurion Project **QP/CP Signed** Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The Directors' Report and financial statements are signed by the Non-Executive Chair and the auditor, and the Managing Director is a member of AIG and SEG. Evidence · text > Gervaise Heddle, Non-Executive Chair ## Extracted facts Stored fact records: 1. Some facts used in scoring do not have a stored record. ## Drill Results (1) ### CN002DD [Link to this fact](https://atlas-staging.minestarters.com/news/bux-annual-report--d94ac6a9-6131-4400-938c-8b59265c4899#fact-drill-facts-3) Centurion · silver #### Identity - Hole ID: CN002DD - Project: Centurion - Commodity: silver - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BUX #### Geometry - Grade: 4.57 - Grade Unit: g/t - Hole Depth: 808.9 m #### Classification - Deposit Type: iocg - Program: exploration - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Maiden drilling at Centurion returned elevated silver pathfinder signatures, indicating potential for a mineral system, but the grade is low for a silver deposit. - Positive factor: pathfinder\_signature - Positive factor: maiden\_drilling - Negative factor: low\_grade\_for\_commodity Evidence · text > diamond drill hole CN002DD which reached 808.9 metres depth. Post-drill geochemical analysis of samples from the base of CN002DD returned elevated pathfinder signatures, including silver values of up to 4.57 g/t #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.