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Maximus Resources' Tim Wither talks exploration plans as it gears up to drill the S5 target

Maximus Resources Limited's (ASX:MXR) Tim Wither introduces the explorer and its new management team to Proactive's Andrew Scott. Maximus has refocused its efforts on the 48 square kilometres of granted mining licences held across the Spargoville Shear Zone, which hosts the high-grade historic Wattle Dam gold mine. The company recently completed a strongly supported bookbuild raising $3.18 million via a placement of 31,578,947 fully paid ordinary shares to institutional, sophisticated and existing shareholders. Funds will accelerate exploration program at prospects around Wattle Dam Gold Mine, allow further exploration across the company’s Spargoville tenements and the completion of studies required for the Larkinville and Eagles Nest resources approved for mining.

Quick facts: Maximus Resources Ltd

Price: 0.15 AUD

ASX:MXR
Market: ASX
Market Cap: $17.99 m
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Maximus Resources' Tim Wither updates as drilling program kicks off at S5 target

Maximus Resources Limited's (ASX:MXR) Tim Wither speaks to Proactive's Andrew Scott following the news they've started a follow-up reverse circulation (RC) drilling program at the S5 target. It's 300 metres south of the high-grade Wattle Dam Gold Mine within Maximus’ 100%-owned Spargoville...

2 weeks, 4 days ago

2 min read