Maximus Resources identifies new lithium target at Landor Prospect

Maximus Resources Limited (ASX: $MXR) has announced the identification of a new lithium target at the Landor Lithium Prospect within the Lefroy Lithium Project. The project-wide soil sampling program has delineated a significant lithium-in-soil anomaly covering an area of approximately 800m in strike length and 200m wide, directly along strike of Kali Metals' (ASX: $KM1) Parker-Grubb Lithium Prospect. The Lefroy Lithium Project is in a joint venture with the Korean Government's mining agency, KOMIR, which is providing US$3 million of exploration funding to acquire a 30% interest in the project. The second phase of drilling at the Lefroy Lithium Project is in the final stages of approval, with additional activities expected to commence late in this quarter.

Maximus Resources Managing Director, Tim Wither, on the new lithium target

These additional results from the project-wide soil sampling program add to the exciting lithium targets at the Company's Lefroy Lithium Project. Both the soil geochemistry mapping and the successful first-phase drill program utilised the US$200,000 non-refundable deposit under our strategic partnership with KOMIR. We are continuing with field mapping at Lefroy and expect the second and third phases of soil mapping to be returned over the coming months, which are expected to deliver additional drill targets in the southern areas. In addition, we anticipate the second phase drill program will start at Lefroy late this current quarter, pending Foreign Investment Review Board (FIRB) approval. The second phase drill program will be targeting infill and extension of the intersected spodumene-bearing pegmatites at the Kandui prospect, whilst scout drilling at both our Landor and Yilmia lithium targets.

Maximus Resources' outlook and future plans

Maximus Resources has identified a new lithium target at the Landor Lithium Prospect, demonstrating the prospect's potential for LCT pegmatite mineral system. The Company's joint venture with the Korean Government's mining agency, KOMIR, is providing exploration funding to acquire a 30% interest in the Lefroy Lithium Project. Maximus anticipates the second phase drill program to commence late in the current quarter, pending FIRB approval, and expects additional drill targets in the southern areas from the second and third phases of soil mapping. The Company aims to focus on expanding previous intersections of spodumene-bearing pegmatites at Kandui and testing additional regional targets at Yilma and Landor.