Proactive Investors
07 Oct 2026, 02:16 UTC · 1h ago
Buxton Resources closes in on EM conductor at Madman copper-gold project
Impact · against what's priced in
BUX faces a binary catalyst in mid-October with the completion of hole MD004DD, which will provide the first direct test of a high-priority electromagnetic conductor. While initial maiden holes confirm a hydrothermal system, the current results are marginal, leaving the stock's valuation dependent on the upcoming target results.
- BUX+0.40
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- In context
The completion of hole MD004DD by mid-October represents the first direct test of a high-priority EM conductor between 600 and 700 metres, providing a concrete catalyst beyond the marginal results of maiden holes.
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