Turnaround play

Potential turnaround story here with MXR moving into teh lithium space to go with the gold play. Right slap bang near LIT (40 mil MC) and NMT (200 mill MKC). MXR with a 4 mill MC has significant room to move to the upside here. This stock is flying under the radar in the lithium space and could be a big mover. Below article from proactive investors. Worth a punt here.

• Articles
• Newswires
• Glossary

http://www.*.com.au/genera//img/companies/logos/maximus.jpg
Maximus Resources Ltd www.maximusresources.com/

Maximus Resources Ltd (ASX:MXR) is focused on exploration in Western Australia and South Australia.

mce-anchorinShare1​

http://www.*.com.au/img/ico/ico_pdf2.gif
Email
Maximus Resources reviews lithium potential on Spargoville tenements, WA

Monday, February 29, 2016 by Proactive Investors

http://www.*.com.au/genera//img/companies/news/wa_map_7__358_56d39b512a223.jpg
Maximus Resources is reviewing lithium occurrences
Maximus Resources (ASX:MXR) is reviewing lithium occurrences within its Spargoville high grade gold tenements, located near two major lithium projects, Neometals' (ASX:NMT) Mt Marion project and Lithium Australia's (ASX:LIT) Lepiodolite Hill project.

Significantly, the Lefroy prospect could be situated within a similar structural setting to that hosting the Mt Marion Lithium ore resource.

Further exploration is required to confirm if the Lefroy prospect and other mapped pegmatites are similar to those of Mt Marion.

Maximus’ review of the extensive Spargoville database has also highlighted the potential for tantalum and niobium mineralization within its tenement boundaries.

Spargoville is located southwest of Kalgoorlie in Western Australia.

Ramelius Resources (ASX:RMS) first looked at the possibility of additional minerals beyond gold, with assays from shallow augur drilling returning elevated levels of lithium, tantalum and niobium.

The emerging future demand for lithium has been a motivation for assessing the lithium potential within the northern tenements.

Maximus will complete its data review, before commencing ground based lithium exploration to advance this project.

The company may seek interest from current lithium producers or advanced explorers to partner in the program.

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.
Sign up to Proactive Investors

Andrew McCrea's Research Reports
Sign up to Andrew McCrea's Research Reports and Receive Latest Research & Flash Trades
Receive Proactive Investors Newsletter, Investor Forum Invites
Receive Proactive Investors Newsletter, Event Invites, Special Stock Notifications
Comments from Proactive Investors readers

• Fill in your details below:

Verification Code
http://www.*.com.au/captcha
Reload image


Register here to be notified of future Maximus Resources Ltd articles.