https://www.miningweekly.com

Buxton and Independence Group form Fraser Range JV

24th August 2016

By: Mariaan Webb

Creamer Media Contract Publishing Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – ASX-listed junior Buxton Resources has granted fellow listed Independence Group (IGO) the sole and exclusive right to acquire a 90% interest in the Zanthus and Widowmaker tenements, in the Fraser Range, Western Australia, for $1.5-million in cash.

Under a joint venture (JV) announced on Wednesday, IGO and Buxton will explore, and if warranted, develop and mine the tenements in the Fraser Range, except for iron-ore, which remains with Buxton.

Buxton will be free-carried by IGO until a decision to mine is made. Buxton may elect to either participate in development by contributing capital pro rata based on its JV interest, offer its 10% interest to IGO at market value, or dilute to a net smelter return royalty.

IGO will undertake an aggressive exploration campaign for nickel deposits in the Fraser Range. The Zanthus nickel-copper project is located about 60 km along strike from IGO’s Nova nickel-copper-cobalt project. The Zanthus magnetite project contains an initial inferred Joint Ore Reserves Committee-compliant resource of 103.6-million tonnes at 26.5% iron.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Lilak Aluminium
Lilak Aluminium

For over 15 years, Lilak Aluminium, a trusted leader in architectural extrusion supply, has delivered excellence to businesses like yours.

VISIT SHOWROOM 
Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (17/07/2026)
17th July 2026 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.025 0.044s - 100pq - 2rq
Subscribe Now