MXR

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4.6¢ maximus resources limited

Ann: Spodumene confirmed at Kandui, page-111

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RocksRule

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13/12/23

10:21

Post #: 71420137
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Originally posted by retrac: ↑

Let's think rationally about this, removing the angst and the focus on SP fluctuations which don't change fundamentals. We have AUD 4.8 million in Lithium exploration funding incoming from our JV partner. The initial programme that has been done is relatively shallow scout drilling in one corner of a vast project area, utilising the initial $200,000 non-refundable deposit from the JV partner. Crucially, we have made a break-through by confirming spodumene is present in pegmatites at the Lefroy project. We have 3 phases of soil sampling underway to confirm additional drill targets for the much bigger exploration campaign that will commence in 2024. Any punters who are focussed on the results of this one initial drilling campaign as if this is the be-all of end-all are missing the big picture. The company is down-playing this initial scout drilling for good reason; this is just the opening cannon shot of the battle. What we really need is for this initial drilling to continue the incremental progress that is being made in understanding the wider potential of this project, to provide a firm launching pad for what could be a break-through year for the company in 2024.

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yes, but, this is the priority prospect with known lithium-bearing pegmatites.

Already some lithium pegmatite drilling by MXR in 2016 i have learnt, and there are recon rock-chips from mid-2022. Sometimes challenging to pull all the information together on this one.

MXR Price at posting: 3.6¢ Sentiment: Hold Disclosure: Held
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Last 4.6¢		Change 0.000(0.00%)		Mkt cap ! $19.68M

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Ann: Spodumene confirmed at Kandui, page-111

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Ann: Spodumene confirmed at Kandui, page-111

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