Maximus Resources (ASX:MXR) Assay Results Update

Maximus Resources Limited (ASX:MXR) has announced the completion of a Reverse Circulation (RC) drill program at the Eagles Nest gold deposit, confirming high-grade gold and expanding shallow mineralisation. The assay results revealed multiple shallow high-grade intersections, including 8m @ 3.12g/t Au from 45m, 13m @ 1.39g/t Au from 36m, 6m @ 2.45g/t Au from 60m, 11m @ 1.48g/t Au from 5m, and 11m @ 1.32g/t Au from 30m. The discovery of lateral extensions beyond the mineral resource model and the identification of shallow mineralisation in previously untested areas highlight the potential for resource growth. Follow-up drilling at Eagles Nest gold deposit is scheduled to commence after the drill program at Maximus' 8500N Paleochannel.

Executive Commentary on Eagles Nest Assay Results

These shallow gold results are extremely promising, showing that the broad mineralisation is continuous along strike and highlights the potential for resource growth with further targeted drilling. The Company's 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. A follow-up infill resource drill program at Eagles Nest is expected to commence after RC drilling at the priority 8500N Paleochannel, scheduled to start in the coming week.

Summary of Eagles Nest Assay Results and Outlook

Maximus Resources' completion of the RC drill program at Eagles Nest gold deposit has confirmed high-grade gold and expanded shallow mineralisation, indicating the potential for resource growth. The discovery of lateral extensions beyond the mineral resource model and the identification of shallow mineralisation in previously untested areas are positive indicators for the company. The upcoming follow-up drilling at Eagles Nest and the planned accelerated cyanide leach analysis for gold recovery are steps towards improving mineral classification confidence and preparing for a Mineral Resource Estimate (MRE) update. Maximus Resources remains focused on near-term gold production and sustainable mining practices, aiming to unlock the value of its projects and deliver long-term benefits to its stakeholders.