MXR - another lithium breakout coming, should push to .10+, very well funded $10mil cash, $26m market cap, plus nickle, gold projects
31 MARCH 2022 Exploration Update - Lithium Prospectivity - Spargoville • Maximus’ Spargoville tenements are located within the highly prospective Southern Yilgarn LiCs-Ta (LCT) Province and situated ~20km south of Mineral Resources Limited’s (ASX:MIN) world-class Mt Marion lithium mine (71.3Mt @ 1.37% Li2O). • Historic rock chip samples from Lefroy Lithium Prospect (~20km south of Mt Marion) include: • 1.74% Li2O • 3.14% Li2O • 3.56% Li2O • 4.97% Li2O • Several pegmatites up to 14m downhole widths have been intersected at the Hilditch Gold Prospect (~1.2km south of Lefroy), during the ongoing gold & nickel drilling campaign, with samples submitted for lithium assays. • Recent field mapping at the Lefroy Lithium Prospect indicates a swarm of outcropping pegmatites, highlighting the opportunity for the discovery of an Mt Marion style deposit, with a lithium enriched pegmatite feeder zone at depth. • Historic rock chips from the Larkinville prospect returned up to 5.29% Li2O + 2.93% Rb highlighting exploration potential for lithium-bearing, LCT pegmatites. • Recent reconnaissance rock-chip sampling of outcropping pegmatites in the Larkinville tenement returned assays up to 1.49% Li2O, with elevated Rubidium (9,130ppm), Niobium (241ppm) and Tantalum (261ppm).
