Maximus Resources Ltd (ASX:MXR, OTC:MXRRF) MD Tim Wither tells Proactive the company has formed a strategic lithium partnership with the Korea Mine Rehabilitation and Mineral Resources Corporation (KOMIR) in regards to its Lefroy Lithium Project in the “lithium corridor” of the Eastern Goldfields in Western Australia. The Korean government agency has agreed to fund US$3 million (A$4.8 million) of lithium exploration to earn 30% interest in a lithium joint venture across the Lefroy Lithium Project, which is about 20 kilometres south of Mineral Resources Ltd (ASX:MIN)’s Mt Marion lithium mine. Maximus retains significant upside, holding a 70% interest in the lithium JV at the end of the farm-in period.
Maximus Resources secures partnership to advance Lefroy lithium project
