Long Shortz with Maximus Resources: Lithium drilling under way in WA
With international backing to the tune of nearly $5 million, it’s not hard to see why the Maximus team is excited about its latest drilling campaign in Western Australia.
Stockhead’s Sarah Hughan sits down with Maximus Resources (ASX:MXR) managing director Tim Wither to get the short end of the long story on the company’s latest works.
Maximus inked a deal with South Korean government agency KOMIR last month, securing roughly $4.8 million in funding to take the drill bit to its Lefroy project in the Eastern Goldfields under a JV deal.
The company kicked off a 3,000m RC program at Lefroy, near Kambalda, earlier this month. Lefroy is located in the same lithium province as Mt Marion and Pioneer Dome.
Just 25km from Kambalda, Lefroy was initially identified by numerous outcropping pegmatites coinciding with a 2km by 1km soil anomaly. Geological mapping has since picked up several stacked pegmatite bodies with a slight south-east dip.
“[The deal with KOMIR] really allows us to fast track and put systematic exploration into place, which we’ve already kicked off,” Wither told Stockhead TV.
Tune in to hear Maximus’ Tim Wither on what’s expected next at Lefroy and why the backing from KOMIR is a major set of wings for the $14.10 million market cap explorer.