• Just the Facts: Maximus Resources reports 92% gold recovery at Eagles Nest deposit

  • Nov 22 2024
  • Length: 2 mins
  • Podcast

Just the Facts: Maximus Resources reports 92% gold recovery at Eagles Nest deposit

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  • Summary

  • Proactive’s Tylah Tully breaks down Just the Facts of the latest news from Maximus Resources Ltd (ASX:MXR, OTC:MXRRF). The company has shared positive metallurgical test results from the Eagles Nest Gold Deposit, 7 kilometres south of its Wattle Dam Gold Project in Western Australia’s Eastern Goldfields. The tests show gold recovery rates ranging from 89.5% to 92.4%, confirming the deposit as free-milling and suitable for conventional gold processing. This includes recoveries of 90.5% in the oxide zone, 90.9% in transitional mineralisation, and 91.8% in primary mineralisation. The Eagles Nest resource is estimated at 42,500 ounces of gold at 2.0 g/t, with near-surface mineralisation enhancing its economic potential. The deposit remains open along a 3-kilometre untested strike, providing significant exploration upside. Maximus plans a follow-up drilling program in December to delineate shallow mineralisation and refine resource classification for a future mineral resource estimate (MRE) update. The company is also conducting additional metallurgical testing to optimise recovery processes and continues development studies aimed at reducing project risks. A mining proposal submission is targeted for next year. #ProactiveInvestors #MaximusResources #ASX #JusttheFacts #EaglesNestDeposit #GoldMining #GoldRecovery #MiningNews #EasternGoldfields #MineralResources #GoldExploration #DrillingProgram #MetallurgicalTesting #AustralianMining #MiningDevelopment #GoldProcessing #MiningEconomics #ExplorationUpdate
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