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External review confirms lithium potential for Maximus

Maximus Resources has tabled a solid set of lithium results from exploration across its Spargoville tenements about 25km from Kambalda in Western Australia after an external review and additional sampling at its Lefroy and Larkinville prospects. According to the company, the review confirmed the presence of rare-element lithium-caesium-tantalum, or “LCT” pegmatites across the two tenements, that highlighted the assets’ economic potential.

South Australian-based Maximus enlisted mining consultancy CSA Global to helm the review, incorporating an evaluation of legacy and current geological data across a patch that has so far seen little exploration for spodumene-bearing pegmatites.

CSA’s review included a site visit, examination of outcropping pegmatites, drill-core and reverse circulation cutting analyses from material acquired across the Spargoville belt. According to Maximus, field observations have confirmed the pegmatites within the Lefroy and Larkinville prospects are zoned and specific areas for drill-testing have since been defined.

Additional rock chip sampling at the Lefroy and Larkinville prospects, part of the larger Spargoville tenements, delivered elevated lithium, caesium and rubidium results.

Some of the better results from the sampling program at Larkinville include 2.7 per cent lithium oxide, 4170 parts per million caesium and and 17,250ppm rubidium. Another sample went a healthy 2 per cent lithium oxide, 3230 ppm caesium and 11,650 ppm rubidium.

Headlines results from rock chips bagged at the Lefroy prospect include 1.97 per cent lithium oxide, 1985 ppm caesium and 9800 ppm rubidium. Grades from another sample were 1.61per cent lithium oxide, 2470ppm caesium and 7320 ppm rubidium.

The company says recommendations derived from the review support a planned lithium drill probe across a litany of targets that it hopes to kick off in the second half of this year, subject to clearances and approvals.

Management is considering options to advance the Spargoville tenements’ highly promising lithium potential, that is complimentary to the company’s gold and nickel emphasis.

The lithium hit comes after a 7000m joint diamond and reverse circulation drill program at the nearby Wattle Dam project’s Redback and Golden Orb assets where the company intersected a string of high-grade gold mineralisation, including multiple sightings of visible gold.

Some of the highlights of the gold probe include a 6m section at 8.8 grams per tonne gold from 198m, including a 3m component going 14.2 g/t.

Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au

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