# BUX: Madman Project Exploration Update

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/bux-madman-project-exploration-update--b12f6507-f927-4a80-b277-43190d7bb36f

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03152551

Publisher: asx

Original announcement: 2026-10-14T21:11:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-14T22:39:36.128Z

Atlas analysis updated: 2026-10-14T22:39:36.128Z

- Company: Buxton Resources Ltd

- Ticker: BUX

- Exchange: ASX

- Region: Unavailable

- Primary commodity: Unavailable

- Secondary commodities: None reported

- Document categories: Other, Drill results

- Extracted: 2026-10-14 22:39:36 UTC

Narrative sentiment: 0.20 · Bullish

## Minestarters Atlas summary

Buxton Resources has completed diamond drill hole MD004DD at the Madman Project, which intersected graphitic metasediments from 505 m to the end of the hole. This unit is interpreted as the source of the previously identified electromagnetic conductor. Assay results are expected in December 2026.

Reasoning: The announcement reports the completion of a drill hole that successfully intersected a targeted geophysical conductor \(graphite\), providing geological validation, though economic significance remains unconfirmed pending assays.

- Positive factor: Successful intersection of targeted EM conductor

- Positive factor: Discovery of previously unobserved graphitic sediments

- Positive factor: High core recovery \(99.5%\)

- Negative factor: No assay results reported yet

- Negative factor: Visual estimates only

- Negative factor: Hole terminated short of planned depth

Facts used in scoring: 1

## Classification and evidence

**No QA/QC Disclosure**

Polarity: negative

Story-specific tag

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: While the company describes future QA/QC protocols, no assay results or laboratory results for this specific hole are currently reported.

Evidence · text

> No assay results are reported.

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Drill Results (1)

### MD004DD

[Link to this fact](https://atlas-staging.minestarters.com/news/bux-madman-project-exploration-update--b12f6507-f927-4a80-b277-43190d7bb36f#fact-drill-facts-0)

Madman

#### Identity

- Hole ID: MD004DD
- Project: Madman
- Region: usa\_az
- Reported Region: usa\_az
- Ticker: BUX

#### Geometry

- Intercept: 122.2 m
- From: 505 m
- To: 627.2 m
- Hole Depth: 627.2 m
- Intercept Depth: 505 m

#### Classification

- Sample Type: drill
- Group ID: MD004DD:505-627.2

#### Location

- Easting: 518619
- Northing: 7283436
- Elevation: 423.2 m
- Azimuth: 13.6 °
- Dip: -68.5 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: Geological intersection of targeted conductor, but no grades provided.

- Negative factor: No assay results reported

Evidence · text

> MD004DD intersected graphitic sediments from 505 m to end of hole

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is 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.