BROKERS PRESENTATION - NOVEMBER 2008 1
Kevin Wills Managing DirectorSusan Cline-Watson Executive Assistant
RIGHTS ISSUE 2008Gold and Nugget Sales Commence
BROKERS PRESENTATION NOVEMBER 2008
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BROKERS PRESENTATION - NOVEMBER 2008 2
Capital Structure/Recent Trading
Shares on issue 153.7 million at 7.11.2008Options on issue 73.9 million at 7.11.2008exercise at 1450 cents between 30/6/2009 and 17/3/2013
Recent Trading (past 3 months)Shares 5.2–13 centsMarket capitalisation $8–20 million
Cash at bank $1.1mTop 5 shareholdersMark Creasy companies 11.3MFlinders Diamonds 10.5MRobert Kennedy 3.5MKevin Wills 3.3MGary Maddocks 2.6M 32.6M (21%)
Share price performance and volume
MXR – Maximus Resources – 7 November 2008
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BROKERS PRESENTATION - NOVEMBER 2008 3
2008 Rights Issue
Purpose To fund full-scale production at Sellheim (Qld), continue pre-feasibility study at Bird in Hand (SA) and delineate an inferred iron ore mineral resource at Canegrass (WA)
Details 76.8 million new shares offered to raise $3.8 millionOne new share for every two ordinary shares held5 cents per shareNon-renounceableOne free attaching option at 10 cents expiring 29 May 2009, per share issued under Rights IssueDirectors reserve the right to place any shortfall
Timetable Record DateDespatch of ProspectusOffer opensClosing of offerAllotment and dispatch of new shares
7 November 200813 November 200813 November 200827 November 200810 December 2008
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BROKERS PRESENTATION - NOVEMBER 2008 4
Value in Maximus assets
ASSET TYPE DESCRIPTION
SECURITIES44.35 million ERO shares Implied value at 4.1¢: $1.8M
8.03 million ERO 30 cent options
MINERAl RESOURCESBird in Hand (Adelaide Hills) 237,000 ounces gold
Ironstone Well (Yandal Belt: Indicated and inferred) 73,000 ounces gold (MXR’s 90% share)
Sellheim (Queensland: Inferred) 16,000 ounces gold
TOTAl GOlD 326,000 ounces gold
Windimurra calcrete uranium (inferred) 7.5 million lbs U3O8
PARTNER CONTRIBUTING JOINT VENTURESBilla Kalina JV with ERO spending $3M MXR retains 50%
Eromanga Basin JV with ERO spending $7M MXR retains 30%
Kapunda JV with Copper Range spending $1M MXR retains 25%
Woolanga-Rankin JV with Minatour spending $2M MXR retains 25%
Strangway JV with NuPower spending $5M MXR retains 30%
TOTAl SPENDING ON JV’S UP TO $18M
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BROKERS PRESENTATION - NOVEMBER 2008 5
OCTOBER 2008
Maximus restructureReduce rate of expenditure•
Focus on gold•
Gold production at Sellheim•
Nugget sales on website•
Adelaide Hills two years to production•
Strategic iron ore assets at Canegrass, WA•
November 2008 Rights Issue•
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BROKERS PRESENTATION - NOVEMBER 2008 6
Project locations
Yilgarn Craton Gawler
Craton
Eromanga Basin JVUranium
Eromanga Basin
Adelaide HillsBird in Hand
Gold
SellheimGold
Billa Kalina JVCopper Gold Uranium
Woolanga JVsCopper Gold Uranium
YandalGold
Canegrass - Windimurra ComplexIron Ore Vanadium Precious
Metals UraniumBaseMetals
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BROKERS PRESENTATION - NOVEMBER 2008 7
Adelaide Hills Gold Province
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Reef gold discovered in 1846•
Alluvial gold in Onkaparinga •River discovered in 1849
Echunga Goldfield, first •proclaimed in SA, gold discovered in 1852, production over 200,000 ounces
Barossa Goldfield discovered •in 1868, 5,000 people, production over 100,000 ounces
Total production over 300,000 •ounces dominantly alluvial – big deficit in primary reef gold
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BROKERS PRESENTATION - NOVEMBER 2008 8
Inferred resource598,000 tonnes @ 12.3 g/t Au (237,000 ozs)
BIRD IN HAND
Results350m RL
300m RL
250m RL
200m RL
150m RL
100m RL
50m RL
0m RL
25m
Indicated Resource
Inferred Resource
Drillhole (Main Reef intersections only)
No Significant AssayNSA
Historicworkings
598,000 tonnes@ 12.3g/t(237,000ozs)
Reef
White
Mai
n
Reef
[email protected]/t BH9
BH32 [email protected]/[email protected]/t BH17BH18NSA BH20
[email protected]/t BH22NSABH19
[email protected]/[email protected]/t
BH40 [email protected]/t
[email protected]/t BH41
[email protected]/t BH29BH23 [email protected]/t
BH39 [email protected]/t
BH27 [email protected]/t
[email protected]/t BH26
BH24 [email protected]/t
[email protected]/t BH31
BH25 NSA
BH28 [email protected]/tBH43 [email protected]/t
[email protected]/t BH42
BH12 [email protected]/t
[email protected]/t [email protected]/tBH35
[email protected]/[email protected]/tBH33
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BROKERS PRESENTATION - NOVEMBER 2008 9
BIRD IN HAND
Underground mining methodF
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BROKERS PRESENTATION - NOVEMBER 2008 10
ADElAIDE HIllS GOlD PROVINCE
Deloraine target and proposed drillingNORTH SOUTH
Main Shaft No. 7 Shaft
60m
115m
145m
175m
Targ
etM
inera
lisat
ion
Targ
etM
iner
alisa
tion
Targe
tMine
ralis
ation
Deloraine Target tpvm
300 x 4 x 2.7 = 3240tpvm at 15g/t1620oz pvm to 308metres500,000ozs
50m
Stoped areas
Proposed drillholes
1909 to 1941 production 30,500 ozs from 48,700 tonnes at 20 g/t Au
Depth x width x density
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BROKERS PRESENTATION - NOVEMBER 2008 11
NARNDEE PROJECT
Canegrass location
Outcropping massive magnetite mineralisation at Canegrass
GERALDTON
Tallering Peak
Koolanooka
Weld Range
Mount Magnet
Blue Hills
Buddadoo
KararaExtension Hill
Canegrass
MaximusNarndee Project
Jack Hills
Meekatharra
Windimurra
Youanmi
Wiluna West
Iron ore in BIF projects
Magnetite in Gabbro projects
100 km0
Mid-west Iron Ore Province
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BROKERS PRESENTATION - NOVEMBER 2008 12
20 km of layered magnetite horizons within magnetite rich •mafic rocks
September 2007 Exploration Target of 100 to 120 •million tonnes averaging Fe>35%, TiO2 ±12%, V2O5 ~1%. Likely to be increased significantly
Carried out detailed airmag and gravity surveying•
June 2008 exploration target of 2.0 to 3.5 billion tonnes •magnetite gabbro at 20–30% magnetite
Drill testing Aeromag and Gravity Targets to determine •highest Fe grades and metallurgical characteristics
RC traverse drilling of best area to determine first Inferred •Mineral Resource
Metallurgical testwork•
NARNDEE PROJECT
Canegrass Iron/Vanadium ProspectF
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118º
20'
-28º20'
Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6Block 6
Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7Block 7
(See cross-sectionsA-B and C-Din Figure 11)
DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD
Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5Block 5
MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4
Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4Block 4
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3Block 3
MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2MNDD2
CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2Block 2MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3MNDD3
Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1Block 1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1MNDD1
0 2 km
Diamond drillhole
RC drillhole
Fault
Dyke
Magnetic Zones
3
2
1
5
NARNDEE PROJECT
Canegrass drilling
ZONE 4
Upper SequenceGabbro
Lower SequenceGabbro
MNRC19
MNRC16
MNDD4
100m
200m
300m
400m
NORTH SOUTH
surfaceC D
200m500m
ZONE 1ZONE 2
ZONE 3
A BMNDD2
MNRC38
MNRC37
BLOCK 3 NORTH BLOCK 3 SOUTH
FAUL
T
Outcro
p
Outcro
p
ZONE 4
ZONE 5
DrillholeRelative Magnetite vol% estimated from Magnetic Susceptibility Proposed resource test drillhole
EOH402m
EOH120m
EOH132m
1.5km
13
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BROKERS PRESENTATION - NOVEMBER 2008 14
NARNDEE PROJECT
Narndee REPTEM Survey
REPTEM EM system.
-28º30'
118º
-29º
118º
30'
-28º
WindimurraVanadium
Deposit(non MXR)
AuAu
PGMAu
Corner Well
PGMPGM
Muleryon Hill
Milgoo Nickel/PGM Prospect
PbZn
Shephards Iron-Vanadium Prospect
Wondinong
CuZn
CuZn
CuZn
Au
Au
Windimurra Uranium Prospect
Au
Mount Magnet
Canegrass Iron Ore Prospect
Au
Ni PGM
Ni PGM
Milgoo
Completed Airborne EM survey lines
Airborne EM infill areas
Airborne EM Target
10 km0
Maximus Tenement Area Windimurra-Narndee Complex
-28º50'
-28º55'
118º
05'
118º
10'
Central conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductorCentral conductor
MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29MNRC29
MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC03MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC28MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30MNRC30
plunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge toplunge tothe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe norththe north
([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)([email protected]% Ni and 0.27% Cu)
([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)([email protected]% Ni and 0.48% Cu)MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02MNRC02
MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC01MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27MNRC27
MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26MNRC26
NWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWNWconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductorconductor
([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)([email protected]% Ni)MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19MNRC19
1 km0
Maximus RC drillhole Airborne EM TargetsHistoric drillhole
Flying height 35mLine spacing 400mTotal line km 14,074Total area 5,118 sq kmStart June 2008Duration 2 monthsCost $1.5MTargetsNickel sulphides, VMS Cu-Zn
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BROKERS PRESENTATION - NOVEMBER 2008 15
NORTHERN DRUMMOND BASIN
Sellheim Project
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Gold nuggets from the Sellheim workings
21M ounces gold in region•
Option 100% for $1.5M•
Known alluvial goldfield•
Under explored bedrock potential•
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BROKERS PRESENTATION - NOVEMBER 2008 16
147º
17'
-20º57'
-20º56' 147º
16'
Watersupplylake
Sellh
eim
R
iver
BoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulderBoulder
RunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRunRun
ML10328
Trial Plant
EPM13499
Mt Richardson
JacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacksJacks
PatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatchPatch
GoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGoldenGolden
TriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangleTriangle
ML10269
Trench with slot samplesExploration test pitsInferred Mineral Resource AreasAdditional Exploration Target Areas
250m0
Ml 10328, Sellheim Alluvial Gold Project, Queensland
Field Volume(bcm1)
Grade(grams/bcm)
Total(ounces per bcm Volume)
Jack's Patch 253,000 0.78 6,000
Golden Triangle 454,000 0.41 6,000
Boulder Run 298,000 0.46 4,000
Total2 1,000,000 0.52 16,000
1 Bank Cubic Metres2 Totals for Volumes and Ounces rounded to nearest hundred thousand and thousand, respectively
SEllHEIM PROJECT
Table of Inferred Mineral ResourcesF
or p
erso
nal u
se o
nly
BROKERS PRESENTATION - NOVEMBER 2008 17
SEllHEIM PROJECT – Trial production, October 2008
Recent activities
Site Manager Peter Harvey with Sellheim ore
Mining Sellheim ore Screening – Knelson Concentrator Plant
Scrubber – Trommel Plant
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BROKERS PRESENTATION - NOVEMBER 2008 18
SEllHEIM PROJECT
Forward programContinue trial production until end of November, •design new plant and operation
Conduct final feasibility study and independent •expert review
Build new plant and site infrastructure during •December–January
Commence full scale production at 100 bcm/hr •ASAP – probably February
Carry out additional alluvial exploration to increase •resource inventory
Build second 100 bcm/hr plant to increase •production
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SEllHEIM PROJECT
Nuggets
BROKERS PRESENTATION - NOVEMBER 2008 19
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SEllHEIM PROJECT
Nugget detecting
Metal detecting gold nuggets in oversize from plant, October 2008
BROKERS PRESENTATION - NOVEMBER 2008 20
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BROKERS PRESENTATION - NOVEMBER 2008 21
SEllHEIM PROJECT – Boulder Dam
Gold nuggets in situPrimary nugget – axial plane vertical (below)
Alluvial nugget – axial plane horizontal (above)
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BROKERS PRESENTATION - NOVEMBER 2008 22
SEllHEIM PROJECT
Marketing policyNuggets recovered from operation, cleaned, •weighed, referenced and sent to Adelaide
Nuggets photographed and sales premium allocated •depending on nugget quality
Nugget photos, weight and sale price lodged on •website
Customer makes purchase by completing form •downloaded from website and EFT or credit card payment
Shareholders to receive a 10% discount •
Nugget sent to customer•
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BROKERS PRESENTATION - NOVEMBER 2008 23
SEllHEIM PROJECT
Marketing messageInvestment• For those who want to watch their nuggets increase in value
Jewellery• For the woman who doesn’t have everything
Form• Shape and characteristics
Attractiveness• Bold and beautiful Four and a half ounce
nugget recently found
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THANK-YOU PlEASE VISIT OUR WEBSITE AT
maximusresources.com
BROKERS PRESENTATION - NOVEMBER 2008 24
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