Maximus Resources Limited (ASX:MXR) Completes Follow-Up Drill Program

Drill Program Completion

Maximus Resources Limited (ASX:MXR) has successfully completed a follow-up Reverse Circulation (RC) drill program at the Eagles Nest gold deposit, situated 25km from Kambalda, Western Australia. This program included 14 holes drilled over 888 metres, targeting shallow gold mineralisation within an optimised pit shell to enhance resource classification before an upcoming update.

Previous Findings and Future Expectations

Earlier drilling reported intersected significant gold intervals, including 8m at 3.12g/t Au and 6m at 2.45g/t Au, indicating an extension of the mineralisation envelope. The latest program also tested several holes along strike from the Eagles Nest trend, with results anticipated in early January 2025. In total, over 16,000 metres of drilling were completed across Maximus’s gold projects and its KOMIR Lithium Joint Venture in 2024. CEO Gregor Bennett commented, “The completion of this drill program signifies our commitment to advancing our projects while we prepare for the imminent resource updates.” Maximus maintains a focus on sustainable mining practices and community engagement as it works to unlock the value of its resource portfolio.

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Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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