Maximus Resources discovers new target area at Lefroy
March 07, 2024 at 10:31 am EST
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Maximus Resources Ltd (ASX:MXR) managing director Tim Wither provides Proactive’s Jonathan Jackson with an update on the Lefroy Lithium Project, highlighting the discovery of a new target area named Landor. This discovery comes as a result of a project-wide soil geochemistry survey, which revealed a significant lithium-in-soil anomaly, indicating the potential for lithium deposits. Wither also discusses the ongoing relationship between Maximus Resources and the South Korean Government, outlining how this partnership plays a critical role in the project's development and future opportunities. Following the success of the first phase drill program, Wither shares insights into the next steps for the project. The next round of drilling is anticipated to start soon and will aim to further explore the newly identified target area and assess its lithium potential. This upcoming drilling campaign will help determine the extent and grade of lithium mineralisation at Landor. Finally, more assays are expected to be released, providing further data to support the project's development.
“Both the soil geochemistry mapping and the successful first-phase drill program utilised the US$200,000 non-refundable deposit under our strategic partnership with KOMIR," Wither said.
"We are continuing with field mapping at Lefroy and expect the second and third phases of soil mapping to be returned over the coming months, which are expected to deliver additional drill targets in the southern areas."
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Maximus Resources Limited is an Australian mining company focused on the exploration and development of gold, lithium, and nickel projects. The Company holds a diversified portfolio of exploration projects in the Kambalda region of Western Australia, with 335,000 ounces of gold resources across its granted mining tenements. Its primary focus is the Spargoville Project, located about 25 kilometers (km) from Kambalda, Western Australia. It holds about 60 square kilometer of gold rights to the south of the Wattle Dam Gold Project. Its Redback Gold Deposit is located about 600 meters south-southeast of the previously mined high-grade Wattle Dam. Its Larkinville Gold Project is located about five km south-west of Wattle Dam and proximal to Eagles Nest, Larkinville. Its Eagles Nest Gold Project is located around seven km south of Wattle Dam site. In addition to its gold prospects, its Spargoville tenements are prospective for Kambalda-style komatiite-hosted nickel sulfide mineralization.
MAXIMUS RESOURCES LIMITED 
