Ann: Maximus executes Strategic Lithium Partnership, page-3

Wow what a great deal for MXR, well done Tim and the team.

JV $4.8 mill expenditure for 30% of Lefroy Lithium with basically the Korean government and an agreement for LG to buy that 30% stake if they want. We retain a large percentage of the project for no risk, that is a great result for MXR and well worth waiting for. Exceptional!

We also retain control over the exploration which is really important imo. We are able to maximise the exploration dollars with our exploration team rather than bringing in a large player that can blow $1 mill without even putting a hole in the ground.

This is a lithium deal with globally significant players that MXR can direct and retain huge upside should a discovery be made.

May take some time for the market to react but I get the feeling MXR is going to start to realise some of its value and get going in the right direction again.