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Maximus smells a major nickel find in Kambalda

29 July 2021 10:48
ASX: MXR
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).

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