Key Highlights

  • Buxton shares touched a 52-week low during the session on Monday 9 November 2026 and closed at $0.017, down 15.00%.
  • Arivaca tenure of 14.2 km² was secured, with reconnaissance sampling returning up to 6.21% copper.
  • Cash at 30 September 2026 was A$5.827 million.

Buxton Resources Limited (ASX:BUX) touched a 52-week low during the Trading session on Monday, 9 November 2026, and closed at $0.017, down 15.00%. Buxton is an exploration company with projects in Arizona and elsewhere, focused on copper and gold.

Latest Development: Quarterly Activities Report, 26 October 2026

Buxton released its quarterly activities report for the period ending 30 September 2026 on 26 October 2026. The company secured 14.2 km² of 100%-owned tenure at Arivaca in Arizona. Reconnaissance sampling there returned up to 6.21% copper and 1,355 g/t silver from historic mine-dump samples.

At Madman, the company completed its maiden diamond drilling. Both holes intersected altered basement rocks and sulphide-bearing veining, with assays returning low gold values. Follow-up drilling commenced in September.

About the Company and Projects

Buxton holds the Arizona portfolio, including Arivaca, and retained the Wolverine and Sun Devil projects following the Copper Wolf transaction. The company's other projects include Madman and Lateron.

Sector Context

Early-stage exploration companies rely on drilling results and funding to advance their projects, and copper exploration is sensitive to global copper price moves.

Risks and What to Watch Ahead

Exploration results to date include low gold values at Madman, and the company has not yet defined a resource at its new targets. Funding requirements are a continuing consideration.

Watch items include Lateron induced polarisation results, follow-up drilling at Madman and Arivaca sampling progress.

Final Word

Buxton's Quarterly Report covers new Arizona tenure, early copper sampling results and a maiden drilling program at Madman. The report covers the period to 30 September 2026.