Maximus Resources completes second-phase drill program at Lefroy Lithium Project

Maximus Resources Limited (ASX: $MXR) has successfully completed a 12-hole, 2,270m Reverse Circulation (RC) drill program at the Company's Lefroy Lithium Project (Lefroy), located 25km from Kambalda, Western Australia. The second-phase drill program aimed to assess the continuity of shallow spodumene-dominant pegmatites at the Kandui Prospect. The drilling was re-commenced at the Lefroy Lithium Project joint venture with the Korea Mine Rehabilitation and Mineral Resources Corporation (KOMIR) following FIRB approval. Assay results are expected to be received in 3-4 weeks with all samples submitted. Subsequently, drilling will move to the Wattle Dam Gold Project after the completion of the Company's $3.2M gold-focused capital raise.

Maximus Resources Managing Director, Tim Wither, comments on the completion of the second-phase drill program

We are pleased to complete the second phase of drilling at the Kandui prospect safely and efficiently with encouraging geological logging of completed holes, which provides a greater geological understanding for future exploration programs. The drill program's second phase focused on the recent intersections of high-grade spodumene dominant mineralisation within a sequence of stacked shallow- dipping pegmatites. We are just scratching the surface of the lithium mineralisation across the Lefroy Lithium Project. We expect to receive final assays from a project-wide soil sampling program shortly and anticipate additional targets in the southern region of the Lefroy Lithium Project joint venture tenement package. Soil mapping has been proven to be a highly effective exploration step in the region, as demonstrated at Kandui with discovering spodumene-bearing pegmatites under shallow cover through soil geochemistry.

Maximus Resources' completion of Lefroy Lithium Project drilling and future plans

Maximus Resources Limited has successfully completed the second-phase drill program at the Lefroy Lithium Project, with encouraging geological logging providing a greater understanding for future exploration programs. The Company expects to receive assay results in 3-4 weeks and plans to evaluate further drill programs at the Kandui Prospect. Additionally, the Company anticipates receiving final assay results from the Phase 2 and 3 soil sampling programs, which are expected to deliver additional targets in the southern region of the Lefroy Lithium Project joint venture tenement package. Following the completion of the $3.2 Million Underwritten Entitlement Offer, drilling will move to the Wattle Dam Gold Project, targeting a potential structural offset of the Wattle Dam high-grade main lode. Maximus Resources aims to unlock the value of its projects and deliver long-term benefits to its stakeholders.