Maximus Resources Limited (AU:MXR) has released an update.
Maximus Resources Limited has successfully concluded legal proceedings, resulting in the surrender of a Special Prospecting License that overlapped with their Mining Lease. This settlement clears the way for the company to advance exploration and development of the gold-rich 8500N deposit and associated paleochannel. With an inferred resource of 18,600 oz of gold and significant surrounding infrastructure, Maximus is poised to commence a close-spaced RC drilling program to further investigate the potential of the paleochannel.
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