Maximus Targets High-Grade Lithium with 3,000m RC Drilling at Lefroy
Maximus Resources has launched a significant 3,000m RC drilling campaign at its Lefroy Lithium Project, aiming to expand on promising lithium mineralisation at Bird Rock and Kandui under a joint venture with KOMIR.
- 3,000m Reverse Circulation drilling program commenced targeting spodumene pegmatites
- Drilling focuses on Bird Rock and Kandui lithium prospects with prior high-grade intersections
- KOMIR to invest USD 3 million to earn 30% interest in Lefroy lithium mineral rights
- Project located in Western Australia's Eastern Goldfields LCT Province near established lithium mines
- Assay results expected within 3 to 6 weeks post-drilling completion
Strategic Drilling Launches at Lefroy
Maximus Resources Limited (ASX: MXR) has initiated a substantial 3,000-metre Reverse Circulation (RC) drilling program at its Lefroy Lithium Project in Western Australia. This program, comprising 18 holes, targets spodumene-bearing pegmatites at the Bird Rock and Kandui prospects, both of which have previously demonstrated encouraging lithium mineralisation.
The Lefroy Project sits within the highly prospective Eastern Goldfields Lithium-Cesium-Tantalum (LCT) Province, a region renowned for its rich lithium deposits and excellent infrastructure. Its proximity to Mineral Resources Limited's Mt Marion lithium mine underscores the strategic value of the project location.
Building on Promising Historical Results
Earlier drilling at Bird Rock revealed consistent spodumene mineralisation, including notable intersections such as 5 metres at 1.81% Li2O and 3 metres at 2.33% Li2O. Kandui has also yielded significant results, with intervals like 6 metres at 2.23% Li2O and 4 metres at 2.88% Li2O, highlighting the potential for high-grade lithium mineralisation within stacked pegmatite zones.
This current drilling campaign aims to extend and confirm these findings, with a particular focus on concealed pegmatites identified through geophysical and geochemical surveys. The program includes follow-up holes designed to test pegmatite thickening and structural controls on mineralisation, which could enhance the project's resource potential.
Joint Venture Partnership Accelerates Exploration
The drilling initiative follows the Korea Mine Rehabilitation and Mineral Resources Corporation's (KOMIR) decision to continue its farm-in agreement, committing to invest a total of USD 3 million to earn a 30% interest in the lithium mineral rights across the Lefroy tenements. KOMIR has already fulfilled its initial USD 1 million exploration commitment, with the remaining investment scheduled over the next two years.
This partnership not only provides financial backing but also aligns Maximus with a strategic partner experienced in mineral resource development, potentially accelerating the path toward resource definition and project advancement.
Looking Ahead
The RC drilling program is expected to be completed within three weeks, with assay results anticipated within 3 to 6 weeks thereafter. These results will be critical in assessing the scale and grade continuity of the lithium mineralisation, informing future exploration and development decisions.
With the Lefroy Lithium Project still largely underexplored, particularly in structurally favourable zones, the current drilling campaign represents a pivotal step in unlocking the project's full potential in a globally competitive lithium market.
Bottom Line?
Maximus’ ongoing drilling at Lefroy could redefine its lithium resource profile, setting the stage for a crucial growth phase.
Questions in the middle?
- Will the upcoming assay results confirm thicker or higher-grade spodumene zones at Bird Rock and Kandui?
- How will KOMIR’s continued investment influence Maximus’ exploration strategy and timeline?
- What are the implications of Lefroy’s lithium potential relative to nearby established mines like Mt Marion?
