Maximus Resources is expanding its reach after being granted a 678 square kilometre land package that takes in two highly prospective multi-mineral projects near Southern Cross in WA’s Goldfields.
The company has secured the Jilbadji and Karalee projects that management says are targets for nickel, copper, cobalt and platinum group elements.
The two projects include four exploration tenements, with the company receiving a $90,000 co-funded grant as part of the WA Government’s Exploration Incentive Scheme for reconnaissance drilling at the southern Jilbadji target.
Maximus says both sites are well located meaning the company is in a great position to advance the projects rapidly and effectively along with its development strategy at Spargoville.
With more than $7 million in the tin announced from its recently released quarterly report, Maximus says it is now focused on defining areas of significant mineralisation.
The addition of these exciting new Ni-Cu-Co-PGE projects to Maximus’ exploration portfolio provides a low-cost and highly prospective entry point for the company with significant exposure to strengthening battery metal markets.
The company says it expects the co-funded RC drilling campaign will begin later this year after the completion of required heritage and flora-fauna surveys.
Both projects are located within the eastern edge of the Yilgarn craton and are near the Forrestania and Lake Johnston nickel belts.
Maximus has been busy over the past six months including a solid set of lithium numbers in June from exploration across its Spargoville tenements about 25km from Kambalda.
In March the explorer completed a 16-hole drill program with XRF analysis confirming anomalous nickel concentrations at its Hilditch West project 20km from Kambalda.
Hilditch West is only 25km from BHP’s nickel concentrator plant in Kambalda that processes ore procured from third party suppliers.
Exploration at the project is part of a larger, ongoing multi-target gold and nickel drilling program across the company’s Spargoville tenements.
Just last month its search for gold recorded shallow intersections from a 2000m diamond and RC drill campaign at Hilditch, including a 7m intercept going 7.9 grams per tonne gold from 51m with a 2m inclusion at 16.9 g/t gold from 52m.
Maximus is also aiming to build value by increasing gold resources across its Wattle Dam project area, including its Redback and Golden Orb deposits.
The historic Wattle Dam gold mine delivered more than 266,000 ounces 10.6 grams per tonne gold to former owner Ramelius Resources before it left the site in 2012.
Maximus is working towards providing a mineral resource estimate update at Redback with a focus on development options for its Wattle Dam project.
With $7.1 million in cash, two new projects and a suite of minerals to explore across an historically prospective area close to key infrastructure, the market will be keeping a close eye on upcoming results from Maximus.
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