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Maximus Resources Limited ( (AU:MXR) ) just unveiled an announcement.
Maximus Resources Limited has commenced a 3,000-meter Reverse Circulation drilling program at its Lefroy Lithium Project, targeting spodumene-bearing pegmatites at the Bird Rock and Kandui prospects. This initiative is part of a joint venture with KOMIR, which aims to secure a 30% interest in the lithium mineral rights by investing USD$3 million in exploration. The drilling is expected to be completed within three weeks, with assays following shortly after, potentially advancing the company’s position in the lithium market by uncovering significant mineral deposits.
More about Maximus Resources Limited
Maximus Resources Limited is involved in the mining and exploration industry, focusing on lithium exploration through its Lefroy Lithium Project located in Western Australia. The company operates in a highly prospective region known for lithium-cesium-tantalum resources, with a strategic focus on developing these resources in collaboration with partners such as Korea Mine Rehabilitation and Mineral Resources Corporation.
YTD Price Performance: 0.0%
Average Trading Volume: 10,289
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €16.17M
Learn more about MXR stock on TipRanks’ Stock Analysis page.
