The drill-hole YBRC028 yielded a down-hole intercept of 127m at the rate of 13.4% total graphitic carbon (TGC), and it remains open with the hole having finished in 1m grading 28.9% TGC.

Intercepts in YBRC029 showed graphite mineralization that extends west of the currently defined resource area.

Buxton Resources said, in a statement, "Drilling has so far confirmed and extended graphite mineralisation defined in the 2013 drilling program."

The company plans to complete a resource upgrade by the end of the current quarter and begin metallurgical test-work on diamond core samples obtained, followed by an initial scoping study.