Larkinville Gold Project
MXR 75% interest – Pioneer Minerals 25% interest
Located 5km south-west of Wattle Dam and proximal to Eagles Nest, Larkinville has great potential to co-develop for near-term small-scale production.
Mineral resource (JORC 2012)
19,700 t @ 3.02 g/t for 11,600oz
Significant recent drill results include 13m @ 5.0 g/t containing, fine, free gold.
There’s further exploration potential to increase the resource base and the deposit is open to the north and at-depth.
Environmental permitting is already underway and resource extension drilling planned.
Eagles Nest Gold Project
MXR 100% interest
Eagle’s Nest is located around 7km south of Wattle Dam site – and also where Western Australia’s largest gold nugget 35.3kg Golden Eagle was found in 1931.
Maximus resources has been granted mining license with the outlook of beginning small-scale production in the near future.
Mineral Resource (JORC 2012)
679,900t @ 1.95g/t for 42,600oz
With shallow moderate-grade open pit potential, the Eagle’s Nest resource remains open at depth.
There is potential for higher head-grade gold, due to the under-call of head grade (the nugget effect).
Eagle’s Nest requires only simple low-capital to start mining and environmental permitting is already underway.