Zanthus Iron Project (BUX)
Buxton retains iron rights (https://www.asx.com.au/asxpdf/20160824/pdf/439l0ly9b7mp5q.pdf)
Resource Estimate: Buxton Resources has reported an initial JORC compliant resource at its Cohen Prospect completed by Runge Ltd, one of five target areas that may be subject to resource drilling. The maiden inferred resource estimate at the Cohen prospect was recorded as 103 million tonnes, grading 26.5% Fe determined with a 20% cut-off. The Cohen prospect was selected as the first target due to its proximity to transport infrastructure and potential for an open pit mining scenario. A scoping study was conducted by Runge Ltd.