Maximus Resources reports high grade lithium discovery at Spargoville

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Pegmatite sample containing lithium bearing mica Image credit: Maximus Resources ASX release

Australia-based exploration company Maximus Resources announced that it has discovered a significant lithium bearing pegmatite at Target 1 on the Lefroy Prospect located within the Spargoville tenements in WA.

Pegmatite sample containing lithium bearing mica Image credit: Maximus Resources ASX release
Pegmatite sample containing lithium bearing mica
Image credit: Maximus Resources ASX release

Maximus said the discovery was made during the company’s first dedicated lithium exploration field program designed to test a series of targets generated from auger drill results by previous explorers, detailed aerial photography interpretations and geophysical imaging.

“The discovery at Target 1 shows lithium bearing mica (lepidolite) over a strike length of 200m with results averaging 3.55% Li2O, and a peak value of 4.97% Li2O,” the company said in a statement to the ASX.

“The lithium bearing pegmatite is hosted within a mafic-ultramafic complex, remains open in all directions and has not previously been drill tested. Further east of Target 1, Lithium values of up to 1.74% Li2O have been returned from re-sampling of historical RC holes where pegmatite was intersected and logged during nickel and gold exploration programs.”

Adertisement

Maximus said the X-Ray diffraction analysis will be undertaken on selected samples to determine the presence, and range of lithium bearing minerals present such as lepidolite, petalite and spodumene.

The company also announced that it is investigating several additional targets generated from initial MXR review.

The Spargoville Lithium Project lies on the northern portion of the Southern Yilgarn Tantalum-Tin-Lithium Province, in the vicinity of two major Lithium Projects; Mt Marion (Neometals), and Lepidolite Hill (Lithium Australia).