Announcement PDF ASX ANNOUNCEMENT 4 December 2024 Shallow high-grade gold - 8500N Paleochannel • Assay results for the first 46 holes returned from the 8500N paleochannel phase-1 Reverse Circulation (RC) drill program which totaled 102 holes for 3,186m. • Close-spaced drill program designed to be completed in two stages to improve geological confidence while testing along strike and mineralisation extending into the underlying saprolite zones. • Gold mineralisation intersected within both paleochannel gravels and underlying primary mineralisation further demonstrating the potential to expand the known mineralisation. • Shallow high-grade gold mineralisation intersected in the initial 46 holes include: • o 4m @ 5.2g/t Au from 14m incl. 2m @ 9.5g/t Au from 14m (PCRC026) o 2m @ 6.6g/t Au from 13m (PCRC032) o 4m @ 3.2g/t Au from 10m incl. 2m @ 5.4g/t Au from 12m and 1m @ 2.6g/t Au from 19m (PCRC033) o 3m @ 2.9g/t Au from 13m, incl. 1m @ 6.5g/t Au from 15m (PCRC027) o 3m @ 2.8g/t Au from 11m incl. 1m @ 5.3g/t Au from 11m (PCRC038) o 6m @ 2.7g/t Au from 36m incl. 1m @ 10.9g/t Au from 40m (PCRC012) at end of hole. o 1m @ 0.5g/t Au from 31m and 2m @ 3.5g/t Au from 38m incl. 1m @ 4.9g/t Au from 39m (PCRC004) o 1m @ 6.8g/t Au from 16m and 9m @ 0.6g/t Au from 28m and 1m @ 1.0g/t Au from 40m (PCRC023) o 6m @ 1.3g/t Au from 30m (PCRC005) o 6m @ 1.0g/t Au from 29m incl. 1m @ 2.3g/t Au from 29m (PCRC011) 8500N Paleochannel represents a low-cost, low-risk production opportunity due to its shallow highgrade gold mineralisation and free-digging qualities of the mineralised and overburden material. Maximus Resources Limited (‘Maximus’ or the ‘Company’, ASX:MXR) is pleased to advise shareholders of the initial results from the first 46 holes of the first phase RC drill program at the Company’s 100% owned 8500N Paleochannel, located 25km from Kambalda, Western Australia. The first stage of the drill program consisted of 102 RC holes (~3,200m) designed to improve the geological confidence of the shallow paleochannel, while testing for potential extension of mineralisation in the saprolite zone beneath the paleochannel, as identified during the initial drill program (ASX announcement 8 October 2024). Several drill traverses were undertaken to test for extension along strike to the south (Figure 1). The complete drill program has been designed to be completed in several stages to ensure optimal drilling effectiveness. Maximus' Managing Director, Tim Wither, commented, "The initial results from the first phase drilling at the 8500N Paleochannel have returned several shallow high-grade gold intervals, highlighting the shallow nature of the gold mineralisation and a mineralised zone within the primary zone directly below the paleochannel. These intersected gold grades in the paleochannel gravels and underlying primary mineralisation are highly encouraging when compared to the 8500N primary mineral resource grade directly below which sits at 1.25g/t Au. Gold Join Maximus’ interactive InvestorHub - www.maximusresources.com Maximus Resources Limited - Suite 12, 198 Greenhill Road, Eastwood SA, 5063 ASX:MXR mineralisation is intersected at multiple levels suggesting a potential connection between high-grade paleochannel gold mineralisation and primary gold mineralisation beneath. This information suggests that the paleochannel gold may be remobilised from either the primary mineralisation below or a potential mineralised source further along strike to the north. With the Company's systematic approach to exploration, a substantial amount of data has been obtained from this initial results and we look forward to receiving the results from the northern zone before planning the second phase infill drill program." Figure 1 – Maximus’ 8500N Paleochannel mineralisation with the phase 1 (Black) and legacy (White) drill collars. 8500N PALEOCHANNEL The 8500N Paleochannel is located within granted mining lease M15/1101, between the Company’s Wattle Dam Gold Mine and the underlying 8500N gold deposit (Figure 5). Paleochannels are remnants of ancient rivers or stream channels that have been buried by younger (newer) sediments. Paleochannels can contain concentrations of highgrade alluvial gold that accumulate over millions of years and are generally shallow and flat-lying with free-digging qualities of the mineralised paleo gravels and overburden material (not requiring drill and blasting) which can provide significant economic advantages. Maximus’ 8500N Paleochannel is situated within the Lefroy Paleodrainage System, a significant ancient drainage network in the Eastern Goldfields region that contains several well-known paleochannel gold deposits such as Neptune, Africa, and Mandilla. The mined Neptune and Africa paleochannel deposits, part of Gold Fields Limited (JSE:GFI) St Ives Gold Camp, had a reported mineralised thickness of 1 to 3m recovering ~87,000 oz at 3.32 g/t Au. Similarly, Astral Resources’ NL (ASX:AAR) Mandilla paleochannel, situated ~2 km east of Maximus’ 8500N (Figure Join Maximus’ interactive InvestorHub - www.maximusresources.com Maximus Resources Limited - Suite 12, 198 Greenhill Road, Eastwood SA, 5063 ASX:MXR 5), was mined between 2006-2007, producing approximately 23,000 oz at 7.5 g/t Au from a ~600-metre long paleochannel with a mineralised thickness of 1 to 4m. The proximity of the 8500N Paleochannel to these established deposits, highlights the prospectivity of the region, as paleochannels within the Lefroy Paleodrainage System have consistently proven to be productive sources of gold. The shallow 8500N Paleochannel mineralisation is located between 5 and 20m below the surface, gradually dipping to the south along two separate interpreted trends, with a strike length of approximately 450m. Legacy drilling across the flat-lying paleochannel has shown known mineralisation thickness ranges from 1 to 4m, with several key visual markers of the paleo gravels to assist in effective mining operations. High-grade zones have been identified in the north and south of the deposit, further enhancing its potential. Currently, no JORC-compliant gold resources are defined for the 8500N Paleochannel. However, these initial results have revealed gold mineralisation extending beyond the limits of legacy drilling, indicating strong potential for expansion of the previously defined mineralised zone (ASX announcement 18 September 2024). DRILL RESULTS The first round of assay results (46 out of 102 holes) has been received from the start of the drill campaign, targeting the southern zone of the 8500N Paleochannel. Drilling was designed to infill and extend mineralisation in this area, which is a key focus for ongoing exploration efforts. The results further define the southern high-grade zone over 90m of strike length, reinforcing and extending legacy data while demonstrating a strong correlation with historical results (Figure 1). Highlights from the high-grade southern zone include: • • • • • • • • 4m @ 5.2g/t Au from 14m incl. 2m @ 9.5g/t Au from 14m (PCRC026) 2m @ 6.6g/t Au from 13m (PCRC032) 4m @ 3.2g/t Au from 10m incl. 2m @ 5.4g/t Au from 12m and 1m @ 2.6g/t Au from 19m (PCRC033) 3m @ 2.9g/t Au from 13m, incl. 1m @ 6.5g/t Au from 15m (PCRC027) 3m @ 2.8g/t Au from 11m incl. 1m @ 5.3g/t Au from 11m (PCRC038) 1m @ 6.8g/t Au from 16m (PCRC023) 5m @ 0.71g/t Au from 12m, 1m @ 0.5g/t Au from 27m and 1m @ 0.69g/t Au from 30m (PCRC031) 1m @ 1.5g/t Au from 11m and 1m @ 3.56g/t Au from 15m (PCRC037) Additional drilling to the west was extended into the underlying bedrock after field observations highlighted significant shearing and alteration. Several holes returned significant intersections of primary orogenic gold mineralisation associated with an ultramafic-felsic porphyry contact (Figure 4). The primary mineralisation, located beneath the paleochannel, is interpreted as the likely source of the paleochannel gold or potentially linked to another mineralised system further along strike to the north. Gold mineralisation within paleochannels forms when primary deposits are weathered, and gold is transported and deposited in ancient drainage systems. These paleochannel deposits often serve as surface expressions of deeper orogenic mineralisation, providing vectors for exploration. In the Eastern Goldfields region, the discovery of gold in paleochannels has frequently led to the identification of high-grade, primary gold systems at depth. The primary mineralisation along the ultramafic-felsic porphyry contact is consistent with the known gold systems in the region, including the Redback and Trapdoor deposits, located approximately 1km to the south (Figure 5). Despite its potential, the ultramafic-felsic porphyry contacts between 8500N and Redback has seen limited drilling to date, making it a priority target for future resource growth at the Wattle Dam Gold Project. Join Maximus’ interactive InvestorHub - www.maximusresources.com Maximus Resources Limited - Suite 12, 198 Greenhill Road, Eastwood SA, 5063 ASX:MXR Figure 2 – Cross-section (A-A’) of 8500N Paleochannel - 6528315mN looking north. Figure 3 – Cross-section (B-B’) of 8500N paleochannel - legacy drilling - 6528295mN looking north. Join Maximus’ interactive InvestorHub - www.maximusresources.com Maximus Resources Limited - Suite 12, 198 Greenhill Road, Eastwood SA, 5063 ASX:MXR Included in the initial drill results are significant from the underlying primary mineralisation results which include: • • • • • 6m @ 2.7g/t Au from 36m incl. 1m @ 10.9g/t Au from 40m (PCRC012) at end of hole (Figure 4) 2m @ 3.45g/t Au from 38m incl. 1m @ 4.91g/t Au from 39m (PCRC004) 9m @ 0.6g/t Au from 28m and 1m @ 1.0g/t Au from 40m (PCRC023) 6m @ 1.0g/t Au from 29m incl. 1m @ 2.3g/t Au from 29m (PCRC011) 2m @ 1.63g/t Au from 37m, incl 1m @ 2.63g/t Au from 38m (PCRC031) These results, combined with extensive geological interpretation and recent drilling efforts have significantly enhanced the Company’s understanding of paleochannel gold mineralisation at the 8500N Paleochannel. Of particular interest is the observed relationship between paleochannel-hosted gold mineralisation and the primary gold source. Figure 4 – Cross-section (C-C’) of 8500N primary mineralisation - 6528260mN looking north. SEISMIC SURVEY The Company completed a passive seismic survey over the 8500N Paleochannel to evaluate its effectiveness in identifying the base of the paleochannel. Passive seismic surveys are a non-invasive geophysical method used to map subsurface structures and stratigraphy by measuring natural ground vibrations, primarily utilized to refine drill targeting. The initial survey results worked very effectively in defining a deeper geological feature (~30 metres below the surface), which has been determined to be the top of saprock (base of significant weathering), rather than the more subtle feature of the shallower paleochannel target (~15m below the surface). The effectiveness of passive seismic surveys can greatly vary depending on the geological setting, and results need to be carefully interpreted within the broader context of the exploration program. Given that the initial survey could not identify the paleochannel target it was determined not to proceed further with the passive seismic survey. Join Maximus’ interactive InvestorHub - www.maximusresources.com Maximus Resources Limited - Suite 12, 198 Greenhill Road, Eastwood SA, 5063 ASX:MXR FORWARD PLAN The remaining assay results from the 102-hole 3,200m drill program are expected to be received within 2-3 weeks. Following the first-phase results, the second-phase drill program may be adjusted to refine drill targeting to ensure effectiveness for resource definition. Multiple representative samples from the first phase of drilling have been submitted for metallurgical test work to determine gravity recoveries, viscosity and potential reagent consumption under real-world protocols, with results expected in Q1 CY2025. Figure 5 – Maximus’ gold resources within the Wattle Dam Gold Corridor, downhole gold grades, and proximity to the Mandilla Project, overlaid on an RTP aeromagnetic data. This ASX announcement has been approved for release by Maximus’ Board of Directors. For further information or to ask a question, please visit www.maximusresources.com or contact: T: +61 8 7324 3172 E: info@maximusresources.com W: www.maximusresources.com Join Maximus’ interactive InvestorHub - www.maximusresources.com Maximus Resources Limited - Suite 12, 198 Greenhill Road, Eastwood SA, 5063 ASX:MXR ABOUT MAXIMUS Maximus Resources Limited (ASX:MXR) is an Australian mining company focused on the exploration and development of high-quality gold, lithium, and nickel projects. The Company holds a diversified portfolio of exploration projects in the world-class Kambalda region of Western Australia, with 335,000 ounces of gold resources across its granted mining tenements. Maximus is actively growing these Resources while also progressing toward gold production. With a commitment to sustainable mining practices and community engagement, Maximus Resources aims to unlock the value of its projects and deliver longterm benefits to its stakeholders. Join Maximus’ interactive InvestorHub - www.maximusresources.com Maximus Resources Limited - Suite 12, 198 Greenhill Road, Eastwood SA, 5063 ASX:MXR Maximus’ group gold resources Spargoville Group Resources by Deposit Location RESOURCE Last update Indicated Inferred Total Tonnes ('000t) Grade (g/t Au) Tonnes ('000t) Grade (g/t Au) Tonnes ('000t) Grade (g/t Au) Ounces Eagles Nest Feb-17 150 1.8 530 2.0 680 2.0 42,550 Larkinville Nov-23 222 1.8 26 1.4 249 1.8 14,040 5B Nov-16 — — 75 3.1 75 3.1 7,450 Hilditch Nov-23 274 1.1 208 1.5 482 1.3 19,500 Wattle Dam Gold Project Jul-23 3,400 1.4 2,000 1.5 5,400 1.4 251,500 4,046 1.4 2,840 1.7 6,886 1.5 335,040 TOTAL Notes: 1. 2. Mineral resources as reported in the ASX announcement dated 19 December 2023. Figures have been rounded and hence may not add up exactly to the given totals. COMPETENT PERSON STATEMENT The information in this report that relates to Data and Exploration Results is based on information compiled and reviewed by Mr Gregor Bennett a Competent Person who is a Member of the Australian Institute of Geoscientists (AIG) and Exploration Manager at Maximus Resources. Mr Bennett has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he has undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Bennett consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. PREVIOUSLY REPORTED INFORMATION The information that relates to the gold Mineral Resources for Eagles Nest was first reported by the Company in its announcement on 21 February 2017 titled “Eagles Nest Resource significantly increases”. The information that relates to the Mineral Resources for Larkinville was first reported by the Company in its announcement on 19 December 2023 Titled “Maximus group resources grow to 335,000 oz gold”. The information that relates to the Mineral Resources for 5B was first reported by the Company in its announcement on 22 November 2016 titled “Maiden Resource Estimate for 5B Project at Spargoville in WA”. The information that relates to the Mineral Resources for Hilditch was first reported by the Company in its announcement on 19 December 2023 Titled “Maximus group resources grow to 335,000 oz gold”. The information that relates to the Mineral Resources for the Wattle Dam Gold Project was first reported by the Company in its announcement on 01 August 2023 Titled “Wattle Dam Gold Project Resource increases by 250%”. References in this announcement may have been made to certain ASX announcements, including; exploration results, Mineral Resources, Ore Reserves, production targets and forecast financial information. For full details, refer to said announcement on said date. The Company is not aware of any new information or data that materially affects this information. Other than as specified in this announcement and other mentioned announcements, the Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement(s), and in the case of estimates of Mineral Resources, Ore Reserves, production targets and forecast financial information, that all material assumptions and technical parameters underpinning the estimates in the relevant announcement continue to apply and have not materially changed other than as it relates to the content of this announcement. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original announcement. FORWARD-LOOKING STATEMENTS Certain statements in this report relate to the future, including forward-looking statements relating to the Company’s financial position, strategy and expected operating results. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such statements. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement and deviations are both normal and to be expected. Other than required by law, neither the Company, their officers nor any other person gives any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur. You are cautioned not to place undue reliance on those statements. Join Maximus’ interactive InvestorHub - www.maximusresources.com Maximus Resources Limited - Suite 12, 198 Greenhill Road, Eastwood SA, 5063 ASX:MXR APPENDIX A Table 1. Drillhole collar details from the completed RC drill program. Hole ID Prospect Type Grid System Easting Northing RL Incl Azimuth EOH depth PCRC004 8500N RC MGA94_51 356390 6528240 338 -90 0 42 PCRC005 8500N RC MGA94_51 356400 6528240 337 -90 0 42 PCRC006 8500N RC MGA94_51 356440 6528240 337 -90 0 42 PCRC007 8500N RC MGA94_51 356450 6528240 336 -90 0 42 PCRC008 8500N RC MGA94_51 356530 6528250 335 -90 0 42 PCRC009 8500N RC MGA94_51 356550 6528250 335 -90 0 42 PCRC010 8500N RC MGA94_51 356380 6528260 338 -90 0 42 PCRC011 8500N RC MGA94_51 356390 6528260 337 -90 0 42 PCRC012 8500N RC MGA94_51 356400 6528260 337 -90 0 42 PCRC013 8500N RC MGA94_51 356410 6528260 337 -90 0 42 PCRC014 8500N RC MGA94_51 356435 6528260 337 -90 0 42 PCRC015 8500N RC MGA94_51 356445 6528260 336 -90 0 42 PCRC016 8500N RC MGA94_51 356455 6528260 336 -90 0 42 PCRC017 8500N RC MGA94_51 356480 6528270 336 -90 0 42 PCRC018 8500N RC MGA94_51 356445 6528285 337 -90 0 42 PCRC019 8500N RC MGA94_51 356455 6528285 336 -90 0 42 PCRC020 8500N RC MGA94_51 356465 6528285 336 -90 0 42 PCRC021 8500N RC MGA94_51 356475 6528285 336 -90 0 42 PCRC022 8500N RC MGA94_51 356370 6528310 338 -90 0 42 PCRC023 8500N RC MGA94_51 356425 6528315 337 -90 0 42 PCRC024 8500N RC MGA94_51 356435 6528315 337 -90 0 42 PCRC025 8500N RC MGA94_51 356445 6528315 337 -90 0 42 PCRC026 8500N RC MGA94_51 356455 6528315 337 -90 0 42 PCRC027 8500N RC MGA94_51 356465 6528315 336 -90 0 42 PCRC028 8500N RC MGA94_51 356475 6528315 336 -90 0 42 PCRC029 8500N RC MGA94_51 356430 6528335 337 -90 0 42 PCRC030 8500N RC MGA94_51 356440 6528335 337 -90 0 42 PCRC031 8500N RC MGA94_51 356450 6528335 337 -90 0 42 PCRC032 8500N RC MGA94_51 356460 6528335 336 -90 0 42 PCRC033 8500N RC MGA94_51 356470 6528335 336 -90 0 42 PCRC034 8500N RC MGA94_51 356480 6528335 336 -90 0 42 PCRC035 8500N RC MGA94_51 356445 6528355 337 -90 0 42 PCRC036 8500N RC MGA94_51 356455 6528355 337 -90 0 42 PCRC037 8500N RC MGA94_51 356465 6528355 336 -90 0 42 PCRC038 8500N RC MGA94_51 356475 6528355 336 -90 0 42 PCRC039 8500N RC MGA94_51 356440 6528370 337 -90 0 42 PCRC040 8500N RC MGA94_51 356450 6528370 337 -90 0 42 PCRC041 8500N RC MGA94_51 356460 6528370 337 -90 0 42 PCRC042 8500N RC MGA94_51 356470 6528370 336 -90 0 42 PCRC043 8500N RC MGA94_51 356480 6528370 336 -90 0 42 PCRC044 8500N RC MGA94_51 356410 6528410 337 -90 0 42 PCRC045 8500N RC MGA94_51 356430 6528410 337 -90 0 24 PCRC046 8500N RC MGA94_51 356450 6528410 337 -90 0 24 PCRC047 8500N RC MGA94_51 356470 6528410 336 -90 0 24 PCRC048 8500N RC MGA94_51 356490 6528410 336 -90 0 24 Join Maximus’ interactive InvestorHub - www.maximusresources.com Maximus Resources Limited - Suite 12, 198 Greenhill Road, Eastwood SA, 5063 ASX:MXR Hole ID Prospect Type Grid System Easting Northing RL Incl Azimuth EOH depth PCRC049 8500N RC MGA94_51 356405 6528440 337 -90 0 24 PCRC050 8500N RC MGA94_51 356425 6528440 337 -90 0 24 PCRC051 8500N RC MGA94_51 356445 6528440 337 -90 0 24 PCRC052 8500N RC MGA94_51 356455 6528440 336 -90 0 24 PCRC053 8500N RC MGA94_51 356465 6528440 336 -90 0 24 PCRC054 8500N RC MGA94_51 356480 6528440 336 -90 0 24 PCRC055 8500N RC MGA94_51 356365 6528465 338 -90 0 24 PCRC056 8500N RC MGA94_51 356375 6528465 338 -90 0 24 PCRC057 8500N RC MGA94_51 356385 6528465 338 -90 0 24 PCRC058 8500N RC MGA94_51 356395 6528465 338 -90 0 24 PCRC059 8500N RC MGA94_51 356405 6528465 337 -90 0 24 PCRC060 8500N RC MGA94_51 356415 6528465 337 -90 0 24 PCRC061 8500N RC MGA94_51 356425 6528465 337 -90 0 24 PCRC062 8500N RC MGA94_51 356435 6528465 337 -90 0 24 PCRC063 8500N RC MGA94_51 356450 6528465 336 -90 0 24 PCRC064 8500N RC MGA94_51 356455 6528465 336 -90 0 24 PCRC065 8500N RC MGA94_51 356465 6528465 336 -90 0 24 PCRC066 8500N RC MGA94_51 356475 6528465 336 -90 0 24 PCRC067 8500N RC MGA94_51 356495 6528465 336 -90 0 24 PCRC068 8500N RC MGA94_51 356365 6528480 338 -90 0 24 PCRC069 8500N RC MGA94_51 356375 6528480 338 -90 0 24 PCRC070 8500N RC MGA94_51 356425 6528490 337 -90 0 24 PCRC071 8500N RC MGA94_51 356435 6528490 337 -90 0 24 PCRC072 8500N RC MGA94_51 356445 6528490 336 -90 0 24 PCRC073 8500N RC MGA94_51 356455 6528490 336 -90 0 24 PCRC074 8500N RC MGA94_51 356465 6528490 336 -90 0 24 PCRC075 8500N RC MGA94_51 356475 6528490 336 -90 0 24 PCRC076 8500N RC MGA94_51 356485 6528490 336 -90 0 24 PCRC077 8500N RC MGA94_51 356395 6528510 337 -90 0 24 PCRC078 8500N RC MGA94_51 356405 6528510 337 -90 0 24 PCRC079 8500N RC MGA94_51 356425 6528510 337 -90 0 24 PCRC080 8500N RC MGA94_51 356445 6528510 336 -90 0 24 PCRC081 8500N RC MGA94_51 356455 6528510 337 -90 0 24 PCRC082 8500N RC MGA94_51 356465 6528510 336 -90 0 24 PCRC083 8500N RC MGA94_51 356475 6528510 336 -90 0 24 PCRC084 8500N RC MGA94_51 356485 6528510 336 -90 0 24 PCRC085 8500N RC MGA94_51 356405 6528530 337 -90 0 24 PCRC086 8500N RC MGA94_51 356415 6528530 337 -90 0 24 PCRC087 8500N RC MGA94_51 356425 6528530 337 -90 0 24 PCRC088 8500N RC MGA94_51 356445 6528530 337 -90 0 24 PCRC089 8500N RC MGA94_51 356455 6528530 336 -90 0 24 PCRC090 8500N RC MGA94_51 356465 6528530 336 -90 0 24 PCRC091 8500N RC MGA94_51 356475 6528530 336 -90 0 24 PCRC092 8500N RC MGA94_51 356400 6528550 337 -90 0 24 PCRC093 8500N RC MGA94_51 356410 6528550 337 -90 0 24 PCRC094 8500N RC MGA94_51 356420 6528550 337 -90 0 24 PCRC095 8500N RC MGA94_51 356445 6528560 337 -90 0 24 PCRC096 8500N RC MGA94_51 356465 6528560 336 -90 0 24 Join Maximus’ interactive InvestorHub - www.maximusresources.com Maximus Resources Limited - Suite 12, 198 Greenhill Road, Eastwood SA, 5063 ASX:MXR Hole ID Prospect Type Grid System Easting Northing RL Incl Azimuth EOH depth PCRC097 8500N RC MGA94_51 356400 6528570 337 -90 0 24 PCRC098 8500N RC MGA94_51 356410 6528570 337 -90 0 24 PCRC099 8500N RC MGA94_51 356420 6528570 337 -90 0 24 PCRC100 8500N RC MGA94_51 356435 6528580 337 -90 0 24 PCRC101 8500N RC MGA94_51 356455 6528580 337 -90 0 24 PCRC102 8500N RC MGA94_51 356425 6528610 337 -90 0 24 PCRC103 8500N RC MGA94_51 356445 6528610 337 -90 0 24 PCRC104 8500N RC MGA94_51 356420 6528640 337 -90 0 24 PCRC105 8500N RC MGA94_51 356300 6528600 338 -90 0 24 Table 2. Significant intersections - Assays are reported at 0.5g/t Au lower cut-off with 2m internal dilution. Hole Id From (m) To (m) Interval Au g/t Intersection Au g.m PCRC004 31 32 1 0.53 1m @ 0.53g/t Au from 31m 0.53 PCRC004 38 40 2 3.45 2m @ 3.45g/t Au from 38m 6.90 Including 39 40 1 4.91 1m @ 4.91g/t Au from 39m 4.91 PCRC005 30 36 6 1.25 6m @ 1.25g/t Au from 30m 7.50 PCRC007 16 17 1 2.42 1m @ 2.42g/t Au from 16m 2.42 Including 16 17 1 2.42 1m @ 2.42g/t Au from 16m 2.42 PCRC011 29 35 6 1.03 6m @ 1.03g/t Au from 29m 6.18 Including 29 30 1 2.32 1m @ 2.32g/t Au from 29m 2.32 PCRC012 22 32 10 0.65 10m @ 0.65g/t Au from 22m 6.50 PCRC012 36 42 6 2.69 6m @ 2.69g/t Au from 36m 16.14 Including 40 41 1 10.91 1m @ 10.91g/t Au from 40m 10.91 PCRC013 27 29 2 0.57 2m @ 0.57g/t Au from 27m 1.14 PCRC014 34 35 1 0.57 1m @ 0.57g/t Au from 34m 0.57 PCRC015 35 36 1 0.97 1m @ 0.97g/t Au from 35m 0.97 PCRC016 30 31 1 0.80 1m @ 0.8g/t Au from 30m 0.80 PCRC016 34 35 1 0.65 1m @ 0.65g/t Au from 34m 0.65 PCRC016 41 42 1 0.69 1m @ 0.69g/t Au from 41m 0.69 PCRC017 31 32 1 0.88 1m @ 0.88g/t Au from 31m 0.88 PCRC017 34 35 1 0.63 1m @ 0.63g/t Au from 34m 0.63 PCRC017 39 41 2 1.35 2m @ 1.35g/t Au from 39m 2.70 Including 39 40 1 2.09 1m @ 2.09g/t Au from 39m 2.09 PCRC018 32 34 2 0.57 2m @ 0.57g/t Au from 32m 1.14 PCRC018 40 41 1 0.70 1m @ 0.7g/t Au from 40m 0.70 PCRC019 15 16 1 1.63 1m @ 1.63g/t Au from 15m 1.63 PCRC019 32 36 4 0.63 4m @ 0.63g/t Au from 32m 2.52 PCRC022 28 31 3 0.54 3m @ 0.54g/t Au from 28m 1.62 PCRC023 16 17 1 6.77 1m @ 6.77g/t Au from 16m 6.77 PCRC023 28 37 9 0.57 9m @ 0.57g/t Au from 28m 5.13 PCRC023 40 41 1 0.98 1m @ 0.98g/t Au from 40m 0.98 PCRC024 15 16 1 0.54 1m @ 0.54g/t Au from 15m 0.54 PCRC025 29 30 1 0.53 1m @ 0.53g/t Au from 29m 0.53 PCRC025 35 37 2 0.77 2m @ 0.77g/t Au from 35m 1.54 PCRC026 14 18 4 5.19 4m @ 5.19g/t Au from 14m 20.76 Including 14 16 2 9.54 2m @ 9.54g/t Au from 14m 19.08 PCRC027 13 16 3 2.90 3m @ 2.9g/t Au from 13m 8.70 Including 15 16 1 6.45 1m @ 6.45g/t Au from 15m 6.45 Join Maximus’ interactive InvestorHub - www.maximusresources.com Maximus Resources Limited - Suite 12, 198 Greenhill Road, Eastwood SA, 5063 ASX:MXR Hole Id From (m) To (m) Interval Au g/t Intersection Au g.m PCRC028 35 36 1 0.67 1m @ 0.67g/t Au from 35m 0.67 PCRC030 29 30 1 0.70 1m @ 0.7g/t Au from 29m 0.70 PCRC031 12 17 5 0.71 5m @ 0.71g/t Au from 12m 3.55 PCRC031 27 28 1 0.50 1m @ 0.5g/t Au from 27m 0.50 PCRC031 30 31 1 0.69 1m @ 0.69g/t Au from 30m 0.69 PCRC031 37 39 2 1.63 2m @ 1.63g/t Au from 37m 3.26 Including 38 39 1 2.63 1m @ 2.63g/t Au from 38m 2.63 PCRC032 13 15 2 6.64 2m @ 6.64g/t Au from 13m 13.28 PCRC033 10 14 4 3.21 4m @ 3.21g/t Au from 10m 12.84 Including 12 14 2 5.41 2m @ 5.41g/t Au from 12m 10.82 PCRC033 19 20 1 2.60 1m @ 2.6g/t Au from 19m 2.60 PCRC037 11 12 1 1.50 1m @ 1.5g/t Au from 11m 1.50 PCRC037 15 16 1 3.56 1m @ 3.56g/t Au from 15m 3.56 PCRC038 11 14 3 2.77 3m @ 2.77g/t Au from 11m 8.31 Including 11 12 1 5.28 1m @ 5.28g/t Au from 11m 5.28 PCRC039 11 12 1 0.52 1m @ 0.52g/t Au from 11m 0.52 PCRC039 36 37 1 0.84 1m @ 0.84g/t Au from 36m 0.84 PCRC040 38 39 1 1.18 1m @ 1.18g/t Au from 38m 1.18 PCRC043 39 40 1 2.09 1m @ 2.09g/t Au from 39m 2.09 JORC Code, 2012 edition – Table 1 report Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) Criteria JORC Code explanation Sampling techniques • • • • Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representativity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a