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Maximus Resources Limited ( (AU:MXR) ) has provided an update.
In its December 2024 quarterly report, Maximus Resources Limited highlighted significant progress in its gold and lithium projects. Key developments included the submission of a mining proposal for the Hilditch gold deposit, successful metallurgical testing at Eagles Nest, and promising results from drilling at 8500N Paleochannel. Additionally, the company completed essential studies for the Larkinville project. On the lithium front, Maximus secured continued funding from KOMIR and confirmed high-grade spodumene mineralisation at Kandui and Bird Rock prospects. Financially, the company ended the quarter with $3.99 million in available funds and received a takeover proposal from Astral Resources, which acquired a significant stake in Maximus, leading to an exclusivity agreement for further negotiations.
More about Maximus Resources Limited
Maximus Resources Limited (ASX:MXR) is a mining company focused on gold development and exploration, primarily through its Spargoville Gold Project near Kambalda in Western Australia. The company is also involved in lithium exploration under the KOMIR Lefroy Lithium Joint Venture.
YTD Price Performance: 3.57%
Average Trading Volume: 10,289
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €15.76M
For detailed information about MXR stock, go to TipRanks’ Stock Analysis page.
