Maximus (ASX:MXR) chases high-grade lithium at Lefroy

Maximus (ASX:MXR) chases high-grade lithium at Lefroy

November 3, 2023 Off By Rueben Hale

Maximus Resources and its joint venture partner Korea Mine Rehabilitation and Mineral Resources Corporation are following its recent intersection of 2% Li2O at the Lefroy Lithium Project, part of its Lefroy tenements in Western Australia’s Eastern Goldfields

The partners planned 3000m drilling campaign will test a sequence of stacked shallow-dipping pegmatites, with widths ranging from 6 to 12 metres.

Screenshot 2023 11 03 084134The 2km x 1km lithium soil contains numerous known outcropping pegmatites.

Maximus Managing Director Tim Wither said the promising 91m intersection containing up to 1.99% is an exciting benchmark.

“We are excited to commence the RC drill programme across the very promising Lefroy lithium target, in partnership with KOMIR,” Mr Wither said.

“Lefroy has had minimal drilling across the extensive lithium soil anomaly and numerous outcropping pegmatites.

“In parallel to the drill programme, a systematic soil sampling programme continues, highlighting further lithium-bearing pegmatites and building a pipeline of additional drill targets. ”

This RC drill programme consists of 30 holes for ~3,000m and is expected to take three weeks to complete, with assay results expected in 4-6 weeks following sample submission.

About Maximus Resources

Maximus Resources Limited (ASX:MXR) is an Australian mining company focused on the exploration and development of high-quality gold, lithium, and nickel projects. The company holds a diversified portfolio of
exploration projects in the world-class Kambalda region of Western Australia, with resources of 320,600 oz Au across granted mining tenements.

[mstock id=”4886″]

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified. 

We are a boutique environment – the home of uncompromisingly high-quality brands spanning news, opinion, and interaction, priding ourselves on promoting discussion and understanding that facilitates growth. We work closely with our clients to really understand what they are trying to achieve and use best practice available to do that!

Contact info

Suite 3, 47 Havelock Street
West Perth WA 6005

Stewart Walters
Managing Director
+61 414 644 166

Amanda Ellis
Chief Content Producer
+61 438 003 868

Important links

Follow us