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Buxton Takes Metallurgy Test

1 May 2023 10:25
ASX: BUX
Graphite Bull >95 per cent TGC flake concentrate

Buxton Resources are prepared to test Graphite Bull’s battery metal potential with the Company having just dispatched its first bulk sample of >95 per cent TGC flake concentrate to Germany for downstream test work.

Bulk processing of Buxton core has now been completed, with the >10kg bulk flake concentrate now on its way to German graphite industry expert Prograhite GmbH in Southeast Germany, which has been heavily involved in the growing Australian and international graphite industries over the past decades.

Making the Grade

Test work performed will include material characterisation, micronising, spheronisation, purification and battery performance parameters for Graphite Bull’s purified spheroid graphite product and electrochemical characterisation of uncoated PSG.

The Company expects results to be delivered progressively from mid-June through to the end of August, aiming to release results as soon as they become available.

On top of this, processing of a second batch of flake concentrate has already begun, with the Company securing European specialty minerals producer Dorfner Anzaplan GmbH to perform further networking on this second concentrate, with Buxton expecting to dispatch this sample late next month.

The Company said that this process of dual test work will allow it to evaluate multiple process options for Graphite Bull’s product as well as preempt some work required for future DFS.

Building a Graphite Bull

These metallurgical findings from Graphite Bull are yet another indication of the Company’s rapidly expanding potential. In addition, the Project recently reported further thick graphite intersections just a little over a week ago, with drilling assays showing 24.5% TGC and confirming the presence of at least 2 kilometers of high-grade thick graphite mineralisation at the site.

Alongside the strong intersections, drilling uncovered an entirely new near-surface zone of graphite mineralisation, with the rig pulling up an intersection of 33m @ 18.7% TGC from this new zone, suggesting that the Project’s current 4Mt @ 16.2% TGC JORC resource still has room to grow.

BUX’s Australian Stock Exchange-listed share price has risen 2.77 per cent today, currently selling at 18.5c (10:05 am UTC+ 8 hours).

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