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Buxton Ace Graphite Test

7 August 2023 11:58
ASX: BUX
Graphite

Buxton Resources continue to build the potential of its flagship Graphite Bull Project in Western Australia, with the Project’s first bulk concentrate samples delivering excellent results in downstream processing testing.

Acing the test

Testing was conducted by ProGraphite in Germany and showed that the bulk concentrate sample exceeded the benchmarks necessary for the sample to be considered Li-ion battery quality by easily reaching a total graphitic carbon grade of 99.97 per cent while retaining low contaminant values.

Micronising and Spheronising were also very successful, with very little energy input required, delivering above-average yields of up to 52% while still showing excellent shape and size distribution, with the Company noting all results were on the upper end of results usually achieved.

These results have been much anticipated by Buxton since the Company first sent the first 11.6 kg bulk concentrate in April, with electrochemical work on this sample now underway for the next eight weeks.

Looking Ahead

Alongside electrochemical work, Buxton has also dispatched a second bulk graphite sample to European specialty minerals producer Dorfner Anzaplan to follow up on initial metallurgical test work which delivered a graphite concentrate grading 96.7% Total Graphitic Carbon.

The repeated success of Graphite Bulls products has given the explorer the confidence to move forward with a series of strategic and economic studies for the Project, with extensive infill and extensional drilling ongoing at the Project as the explorer looks to build on its inferred 4 Mt @ 16.2% TGC.

Studies will be undertaken by industry specialists Wave International and CPC Engineering and will include evaluations of operating scenarios, possible products and markets, likely off-takers, and ballpark operating and capital costs as the Company works to de-risk the Project.

The Company said that the latest testwork results reaffirm its belief that Graphite Bull is emerging as WA’s premier graphite deposit.

BUX’s Australian Stock Exchange-listed share price has risen 3.44 per cent today, currently selling at 15c (11:31 am UTC+ 8 hours).

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