'. . . The initial diamond drillhole is planned to a depth of 1,250 metres and targets a semi-coincident magnetic and gravity anomaly.
Subsequent to the end of the reporting period, Alliance ceased drilling the initial diamond drillhole at 911 metres downhole. Alliance will process the core and dispatch samples for analysis and at least one sample to analyse the age of the rock. Despite ending the drilling earlier than planned, Maximus is of the opinion that the Oliffes Dam target may host a significant iron oxide, copper, gold (IOCG) target, and will continue to encourage Alliance to proceed with the second planned diamond drillhole.
A Resources Exploration Access Permit, replacing the previous Deed of Access (Exploration) was received from the Department of Defence in January. The renewed Access permit covers the four Maximus held tenements for a period of seven years.'
MOX Price at posting:
1.3¢ Sentiment: None Disclosure: Held
