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Maximus smells a major nickel find in Kambalda

29 July 2021
ASX: MXR
Rueben Hale
Massive Sulfide Nickel Ore Rock

Maximus Resources Limited has identified several electromagnetic conductors suggesting “a Kambalda-style” nickel discovery at its Hilditch West target just down the road from BHP’s nickel operations in Kambalda.

The ground-based electromagnetic survey detected shallow conductors up to 9,000 Siemens conductance, along strike from, and below recent nickel, copper and cobalt interactions, with strong magnetic responses suggesting a setting consistent with other significant finds in the area.

It is good news for the Kambalda focused gold and nickel explorer, coming just a little over a week after the company reported drilling results that highlighted good grades and of nickel, copper, cobalt mineralisation along  750 metre-strike.

“The company is excited to share the EM survey results, further reinforcing the very encouraging nickel-copper-cobalt drill intersections at Hilditch West,” managing director Tim Wither said.

“Hilditch West is an exciting target in Maximus’ evolving nickel exploration programme, and we are looking  forward to commencing a diamond drill programme at Hilditch West later this quarter.”

The company’s Australian Stock Exchange-listed shares had lifted 5.71 per cent in early trade, trading at 7.4c  (10.08 GMT +8 hours).

COMPANY OVERVIEW

Maximus Resources (ASX: MXR) Spargoville tenements are located in the heart of Australia’s premiere gold and nickel mining district – just 25km from Kambalda, Western Australia. Home of the very high-grade historic Wattle Dam Gold Mine, the Spargoville tenements are readily accessible and are located less than 50km from six gold processing plants and just 25km from BHP’s Kambalda Nickel Concentrator. Mined until 2012, the Wattle Dam Gold Mine was one of Australia’s highest-grade gold mines, producing ~286,000 oz gold @ 10.1 g/t gold . Maximus Resources’ focus is the discovery of the next Wattle Dam Gold Mine. Maximus Resources has been granted 48 sqkm of mining licences and has gold rights across a further 60 sqkm along the very fertile Spargoville Shear Zone, hosting multiple significant gold and nickel deposits.

COMPANY INFORMATION

ASX: MXR

Website

http://maximusresources.com/
https://www2.asx.com.au/markets/company/mxr

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