Maximus resources. Market cap $8.6million Cash $2.1million(as at 31/12/23)
MXR has a $5million joint venture with KOMIR(a korean government agency) to explore their Lefroy lithium package. FIRB approval should be imminent which will allow the drilling to start. Soil sampling and previous drilling has defined a number of targets and has confirmed lithium/spodumene. Only 20km from Mt Marion lithium mine.
Getting low on cash but I’m expecting a small pump once drilling starts prior to any cap raise. MXR also has 335,000 ounces in gold resources(with plenty of room to grow) that could potentially be monetised.
All in all, I’m really just taking a risk with this tip off todays low volume pullback. Won’t take much to lift it 25% and some incoming news could help it get some attention over the next 4 weeks.
