Maximus Resources (ASX:MXR) Assay Results Update

Maximus Resources Limited (ASX:MXR) has reported promising assay results from a completed Reverse Circulation (RC) drill program at the Hilditch gold deposit in Western Australia. The results include multiple shallow high-grade intersections, with representative minable ore-grade intervals submitted for metallurgical test work. The company is actively updating the Mineral Resource Estimate (MRE) for Hilditch and advancing development studies necessary for the mine approval process.

Executive Commentary on Hilditch Gold Deposit

The recent drilling results, including 19m @ 3.21g/t Au from 16m, fall within optimised open pit shells and support the MRE update prior to completing open pit designs. Hilditch offers a promising near-term gold production prospect for Maximus, situated on an approved mining tenement near the Coolgardie-Norseman highway, and within close proximity to multiple regional gold processing facilities. These new drilling results successfully expand the high-grade mineralised zones, and significantly improve the economic outlook for Hilditch, with efforts concentrated on advancing open pit development to generate cash flow for the Company, capitalising on the rising gold price environment.

Summary of Maximus Resources' Hilditch Gold Deposit Update

Maximus Resources (ASX:MXR) has announced promising assay results from the Hilditch gold deposit, indicating multiple shallow high-grade intersections. The company is actively updating the Mineral Resource Estimate (MRE) for Hilditch and advancing development studies necessary for the mine approval process. The preliminary metallurgical test work suggests that the mineable ore is very amenable to conventional Carbon in Leach (CIL) gold processing found throughout Western Australia's Eastern Goldfields. Maximus is also in active discussions with potential mining and toll-milling partners to fast-track the growing gold resources into open-pit production. The company's primary focus remains on near-term gold production, with an emphasis on prioritising shallow infill resource drilling and the completion of necessary development studies, while maintaining a balanced approach with ongoing exploration programs.