- Maximus Resources (MXR) has entered a trading halt as it gets ready to announce a capital raise
- The trading halt will last until September 9, at which point the full details of the capital raise will be made public
- The company recently appointed two senior geologists to its team for the Wattle Dam Project
- It also wrapped up drilling at the Spargoville Project, with results expected back in a few weeks time
- Shares in MXR last traded for 15 cents each on September 4
Mineral exploration company Maximus Resources (MXR) has entered a trading halt as it gets ready to announce a capital raise.
The full details of the capital raise haven’t been announced just yet, however, the trading halt is expected to last until September 9 at the latest.
More recently, Maximus has been focused on its Wattle Dam Project, located in Kambalda, WA.
The company announced it had appointed Dr Travis Murphy as Chief Geologist and Andrew Wood as Senior Geologist for the Wattle Dam Project team.
Both men bring decades of experience to the role, as well as a strong understanding of the Kambalda region where the project resides.
In the meantime, Maximus also recently announced it had wrapped up all of the aircore drilling planned at the S5 and S13 targets at the company’s Spargoville Project, also located near Kambalda.
Results from the drilling samples are expected back soon, however, the Kalgoorlie lab they’ve been sent to noted there is a backlog due to increased exploration work in the region.
Regardless, Maximus expects the results to reach them in a matter of weeks.
Before today’s trading halt, shares in MXR last traded for 15 cents each on Friday, September 4.