Maximus Resources discovers new target area at Lefroy

–News Direct–

Maximus Resources Ltd (ASX:MXR) managing director Tim Wither provides Proactives 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

View source version on newsdirect.com: https://newsdirect.com/news/maximus-resources-discovers-new-target-area-at-lefroy-571583433

MAXIMUS RESOURCES LIMITED

COMTEX_448897315/2655/2024-03-07T10:36:28