In a series of developments in the mining sector, Buxton Resources (ASX:BUX), GreenTech Metals (ASX:GRE), and Wildcat Resources (ASX:WC8) have reported significant advancements in their respective projects, leading to impressive stock price increases.
Today, Buxton Resources announced a significant find of high-grade nickel sulphides at their Dogleg prospect, a joint venture with IGO. The discovery has the potential to host Nova-Bollinger style deposits. This news led to a 20% boost in Buxton's shares, validating the company's view that its West Kimberley Project can host such deposits. Assay results for a second hole, coded 23WKDD004, are anticipated. Buxton's CEO Marty Moloney expressed optimism about the project's prospects.
Meanwhile, GreenTech Metals saw its stock rise by over 19% following announcements about its Osborne lithium project in the Pilbara. The company has identified drilling targets north-dipping stacked LCT pegmatites hosting spodumene-bearing pegmatite at its Kobe and Osborne prospects. Thomas Reddicliffe leads the firm.
Wildcat Resources also reported exceptional results from its Tabba Tabba lithium project near Port Hedland. Assay results revealed a Tier-1 deposit with lithium mineralisation at its Leia pegmatite project, leading to an impressive year-to-date increase of about 3855% in its stock value.
Amidst these developments, Mineral Resources (ASX:MIN), led by CEO Chris Ellison and facing competition from Hancock Prospecting, increased its stake in Wildcat to 19.85%. The company also showed interest in Azure Minerals, which is currently under a $1.6 billion takeover bid from SQM.
In other related news, TG Metals (ASX:TG6) recorded a significant stock value rise due to high-grade lithium interceptions at its Lake Johnston Li-Ni-Au project in Western Australia. North Stawell Minerals (ASX:NSM) saw its stock rise by over 32.5% following positive quarterly activities and cashflow reports.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.