Maximus Resources (ASX:MXR) Gold Resource Upgrades Announcement

Maximus Resources Limited (ASX:MXR) has announced upgrades to the Hilditch and Larkinville Mineral Resource Estimates (MRE), part of the Company's 117 sq km Spargoville Project, located 25km from Kambalda, Western Australia. The upgrades include a 160% increase in gold resources at Hilditch and a 21% increase in gold resources at Larkinville. The Company's gold resources are situated on granted mining tenements, with excellent access to infrastructure, service providers, and several toll-treating options within a ~70km haulage distance. The mineral resources at both deposits are shallow, with mineralisation at the surface and open at depth, offering substantial scope for future growth with mineralisation remaining open and constrained only by drilling.

Maximus Resources (ASX:MXR) Managing Director, Tim Wither's Commentary

With the completion of the Hilditch and Larkinville MRE updates, Maximus now has combined group gold resources of 335,000 OZ. The process of completing the MRE updates has demonstrated the fantastic potential to continue to increase gold resources through targeted drilling at both Larkinville and Hilditch. Both deposits are ideal for near-term production, located on granted mining tenements, with potential for strong economics given the shallow mineralisation starting at surface and favourable ore body geometry. The Company continues to make consistent improvements in Mineral Resource classifications, through efficient drilling, and as our geological understanding of the deposits continues to grow, so does the potential across Maximus tenements.

Maximus Resources (ASX:MXR) Gold Resource Upgrades Summary

Maximus Resources Limited (ASX:MXR) has reported a significant increase in gold resources at the Hilditch and Larkinville deposits, with a 160% and 21% increase respectively. The upgrades demonstrate the potential for future growth, with mineralisation remaining open and constrained only by drilling. The Company's gold resources are situated on granted mining tenements, with excellent access to infrastructure, service providers, and several toll-treating options within a ~70km haulage distance. Maximus aims to continue increasing gold resources through targeted drilling and efficient geological understanding, with the potential for strong economics given the shallow mineralisation and favourable ore body geometry.