Buxton Resources Limited (AU:BUX) has released an update.
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Buxton Resources Limited has reported significant graphite mineralization at its 100% owned Narryer Project, with the maiden drill hole NY001RC encountering 54 meters of continuous graphite, including a high-grade segment. The findings have shifted focus from nickel to graphite prospects, and high expectations are held for similar discoveries along a 7km trend at the nearby Oculus prospect. Assay results to confirm the graphite content are anticipated by mid-October.
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