Buxton Resources rise on nickel cobalt mineralisation in W. Australia

Buxton Resources

06/11/2023 24:56

** Shares of Buxton Resources  BUX.AX  rise as much as 39%
to A$0.285, their highest level since May 2017
    ** Co says high-grade nickel and cobalt mineralisation in
sulphides confirmed at the West Kimberly Project, Western
Australia
    ** Diversified miner says drilling result triggers A$500,000
 ($325.70) payment to co from JV partner IGO Ltd  IGO.AX 
    ** About 5 million shares change hands as at 0039 GMT, about
30 times its daily average
    ** Stock has risen 78.3% this year, as of last close

($1 = 1.5352 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))