For personal use only - ASX · BROKERS PRESENTATION - NOVEMBER 2008 2 Capital Structure/Recent Trading Shares on issue 153.7 million at 7.11.2008 Options on issue 73.9 million at

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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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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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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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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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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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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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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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

[email protected]/t

[email protected]/t

BH40 [email protected]/t


[email protected]/t BH29BH23 [email protected]/t






BH25 NSA

BH28 [email protected]/tBH43 [email protected]/t


[email protected]/t


[email protected]/t [email protected]/tBH35

[email protected]/[email protected]/tBH33

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BIRD IN HAND

Underground mining methodF

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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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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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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


(See cross-sectionsA-B and C-Din Figure 11)

DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD


MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4MNDD4


AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA


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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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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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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147º

17'

-20º57'

-20º56' 147º

16'

Watersupplylake

Sellh

eim

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ML10328

Trial Plant

EPM13499

Mt Richardson

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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

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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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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


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Nugget detecting

Metal detecting gold nuggets in oversize from plant, October 2008


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SEllHEIM PROJECT – Boulder Dam

Gold nuggets in situPrimary nugget – axial plane vertical (below)

Alluvial nugget – axial plane horizontal (above)

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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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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


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For personal use only - ASX · BROKERS PRESENTATION - NOVEMBER 2008 2 Capital Structure/Recent Trading Shares on issue 153.7 million at 7.11.2008 Options on issue 73.9 million at

Documents