Buxton Resources Alerts Holders of 19.37 Million ASX-Listed Options Expiring July 31, 2026, Currently Out of the Money

Details on Buxton Resources’ BUXO Options: Expiry Date, Exercise Price, and Terms

Buxton Resources Limited has officially advised the market that its quoted options, trading under ASX Code BUXO, will expire on 31 July 2026 at 5:00pm Western Australian Standard Time (AWST) if not exercised before then. Each option carries an exercise price of $0.16 and entitles the holder to one fully paid ordinary share upon exercise. There are currently 19,372,056 options outstanding, which if fully exercised would raise approximately $3.1 million for the company, although this potential capital figure was not explicitly mentioned in the update.

This disclosure complies with Item 5.2 of Appendix 6A of the ASX Listing Rules, requiring listed entities to notify holders of option expiry terms and timing. Option holders seeking assistance can contact the Computershare Investor Services registry at 1300 850 505 (Australia) or +61 3 9415 4000 (international). The announcement was authorised by Company Secretary Sam Wright on behalf of the Buxton Resources Board.

Reasons Behind the Current Out-of-the-Money Status of BUXO Options

A key point in the company’s update is the confirmation that the BUXO options are currently out of the money. This means the underlying share price is below the $0.16 exercise price, making it financially disadvantageous for holders to exercise the options at present. The last traded share price was $0.040 on 30 June 2026, substantially less than the strike price.

For options to be in the money, the share price must exceed the exercise price. At $0.040, the options are roughly 75% out of the money relative to the $0.16 strike. Unless there is a significant and rapid increase in Buxton Resources’ share price before 31 July 2026, it is expected that most or all of the 19,372,056 options will expire unexercised. The company has not provided forecasts or indicated any catalysts that might narrow this gap before expiry.

Buxton Resources Share Price Movement Over the Three Months Ending 1 July 2026

The update reveals that in the three months leading up to 1 July 2026, Buxton Resources shares traded within a narrow and low price range. The highest price recorded was A$0.049 on both 15 April 2026 and 27 April 2026, while the lowest was A$0.032 on 8 May 2026.

This trading range of $0.032 to $0.049 underscores the considerable difference between the current share price levels and the $0.16 exercise price of the BUXO options. Even at the peak price of $0.049, shares were over 69% below the strike price, reinforcing the company’s view that the options are unlikely to be exercised without a material share price increase. These disclosures are mandated by ASX Listing Rules and provide context for the company’s assessment.

Trading of BUXO Options to End Before Expiry

Option holders should note that ASX quotation of BUXO options will cease at the close of trading on Monday, 27 July 2026 — four business days before the final expiry on 31 July 2026. After this date, the options will no longer be tradable on the ASX, so holders wishing to sell their options on the market must do so before the close of trading on 27 July 2026.

This sets a two-step timeline for holders: the last day to trade options on the ASX is 27 July 2026, and the final day to exercise options by paying the $0.16 exercise price is 5:00pm AWST on 31 July 2026. Failure to act by these deadlines will result in the options expiring worthless, with all associated rights terminating permanently.

Personalised Expiry Notices Will Only Be Sent if Share Price Surpasses $0.16

Buxton Resources has confirmed it will not send personalised option expiry notices to BUXO holders unless the market price of BUX shares exceeds the $0.16 exercise price before expiry. This approach is allowed under paragraph 5.3 of Appendix 6A of the ASX Listing Rules, which permits companies to omit personalised notices when options are out of the money.

Consequently, option holders must independently monitor share price movements and act accordingly before the expiry deadlines. Holders uncertain about their rights or the exercise process should contact Computershare Investor Services. The absence of personalised notices does not affect the legal expiry date or terms.

Impact on Capital Structure if Options Expire Unexercised

Should the BUXO options expire unexercised — the likely scenario given the current share price — Buxton Resources will not issue the 19,372,056 shares that would have been created through exercise. This reduces the fully diluted share count by that number, potentially benefiting existing shareholders by lowering dilution risk.

However, the company will also forgo the potential proceeds from option exercises. The announcement did not specify this amount or discuss alternative capital-raising plans or treasury implications. Investors monitoring Buxton’s balance sheet and cash runway should watch for any future capital management updates following the option expiry.

No Underwriting Arrangements for the BUXO Option Expiry

Buxton Resources confirmed there are no underwriting agreements related to the BUXO options as of the date of the update. While some companies arrange underwriters to guarantee capital raising from option exercises, Buxton has not done so.

The lack of underwriting means if the share price remains below $0.16, the options will lapse without generating capital for the company. This is a common outcome when options are deeply out of the money near expiry, and Buxton appears to have accepted this scenario by not securing underwriting or sending personalised notices.

About Buxton Resources and the Significance of the Option Expiry

Buxton Resources Limited is a mineral exploration company based in Western Australia, with its registered office at 15 Robinson Avenue, Belmont WA 6104. Managing Director Martin Moloney oversees operations, and Sam Wright serves as Company Secretary. The BUXO options were initially listed to offer shareholders potential upside above the $0.16 exercise price — a target that may have been considered attainable when the options were issued.

The recent trading range of $0.032 to $0.049 and last price of $0.040 indicate significant downward pressure on the share price relative to the strike price. Investors may be looking for operational news, exploration results, or strategic announcements that could act as catalysts before the 31 July 2026 expiry. However, the company’s update did not indicate any such developments or expectations.

Important Dates for BUXO Option Holders

Option holders should note that the last day to trade BUXO options on the ASX is Monday, 27 July 2026. Following that, from 28 July through 31 July 2026, holders may still exercise their options by paying the $0.16 exercise price in cleared funds to the share registry before 5:00pm AWST on 31 July 2026.

Options not exercised by this deadline will expire worthless, and all rights will cease. There is no indication of any extension to these deadlines. Given the options’ out-of-the-money status, holders may wish to seek independent financial advice before making decisions.

Monitoring BUX Share Price Ahead of Expiry

The critical factor for BUXO holders is whether the BUX share price moves toward or above $0.16 in the weeks before 31 July 2026. Market participants may watch for operational updates such as drilling results, resource estimates, or partnership announcements that could influence the share price and affect option exercise decisions.

The immediate market reaction to this update is unclear. Option holders uncertain about their position are encouraged to contact Computershare Investor Services at 1300 850 505 (Australia) or +61 3 9415 4000 (international), or reach out to Buxton Resources directly using the contact information in the company’s announcement. With fewer than 31 days remaining until expiry, the timeframe for informed decisions is limited.