Buxton Resources Limited (AU:BUX) has released an update.
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Buxton Resources Limited reports promising high-grade iron ore findings, with over 41% iron content across a 2km strike at their Stonehut prospect in the Narryer Project. The samples exhibited a coarse grain size and minimal amounts of deleterious elements, indicating high-quality magnetite. These results, combined with favorable exploration conditions, including accessible terrain and water resources, are setting the stage for further exploration to assess the site’s economic potential.
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