Maximus (ASX:MXR) discovers Bird Rock lithium at KOMIR JV

Maximus (ASX:MXR) discovers Bird Rock lithium at KOMIR JV

June 11, 2024 Off By Jack Baker

Maximus Resources has discovered the Bird Rock prospect through a soil sampling campaign across Lefroy Lithium and has a new area of spodumene-bearing pegmatites for investigation at its Western Australian joint venture with South Korea’s state-owned mining agency.

An initial inspection of the elevated lithium anomaly found several pegmatites under shallow cover with coarse spodumene crystals up to 20 centre metres long.

Samples confirmed high levels of spod content with assays up to 3.54 per cent lithium oxide, and Maximus believes a strong correlation between anomaly and pegmatite highlights the prospectivity for more discoveries.

A 1.5-kilometre-long lithium anomaly was also identified at the Twin Fin Prospect, and recently finished drone imagery and advanced light detection and ranging survey will assist in spotting up new high-priority targets.

Maximus Managing Director Tim Wither said the company was extremely excited to find coarse spodumene mineralisation in an area previously not known to host lithium-caesium-tantalum pegmatite.

“Field inspection of an area with elevated lithium-in-soils has resulted in the discovery of a large area of spodumene-bearing pegmatites under shallow cover,” he said.

“Demonstrating the effectiveness of soil geochemistry within Maximus’ tenement holding and the broader region of the Eastern Goldfields.”

Wither added the results further expands a batch of priority targets requiring a follow-up at Lefroy and provide more evidence of potential for multiple large-scale discoveries within Maximus borders.

The Adelaide-headquartered explorer recently completed drilling over the project’s headlining Kandui prospect after receiving a tick of approval from the Australian Government Foreign Investment Board.

The pact with Korea Mine Rehabilitation and Mineral Resources Corporation provided Maximus with US$3 million for exploring Lefroy in exchange for a 30 per cent stake of the project, nestled between Mineral Resources (ASX:MIN) assets marked as the feed for a new regional processing hub.

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