Maximus Resources Limited is now the sole owner of the advanced and high grade Spargoville gold project in Western Australia after moving to 100% ownership as part of a revised package of arrangements by Maximus with former project owner, Tychean Resources Limited.
“The benefits of this transaction are significant to Maximus. They will allow the Company to progress its exploration activities on the Spargoville tenements to the full benefit of benefit of Maximus shareholders,” said Maximus Managing Director, Mr Kevin Malaxos in an ASX Announcement.
“This process may include the sale or joint venture of non-core, non-gold assets on the Spargoville field. The speed with which Maximus has moved on this ground and secured full ownership reinforces our belief in the high gold prospectivity of this regional footprint within a sustained robust gold price period. We are pushing ahead with our Spargoville exploration program, in part to identify repeat high grade Wattle Dam style gold deposits and as such are currently finalising approval for the next drill program on the project’s Eagles Nest tenement.”
The advanced and high grade Spargoville gold project is located 70 kilometres south of Kalgoorlie in Western Australia’s Eastern Goldfields.