Maximus Resources Limited provided an exploration update, including the completion of a Reverse Circulation (RC) drill programme at the Wattle Dam Gold Project and the completion of a high-definition UAV multi-target magnetic survey at the Lefroy Lithium Project (Lefroy), Hilditch Gold Project (Hilditch), and newly acquired Kemble Prospect (Kemble), located north of the Company's Wattle Dam project, near Kambalda, Western Australia. DRILL PROGRAMME WATTLE DAM /GOLDEN ORB CORRIDOR: The Company has completed an initial ~3,900m RC drill programme at the Wattle Dam Gold Project for a planned 21 holes targeting gaps in legacy drilling south of Wattle Dam Gold Mine, along the S5/Golden Orb corridor. The drill programme also followed up on recent drilling at Golden Orb, which intersected gold mineralization of 6m @ 8.8 g/t Au from 198m incl.

3m @ 14.2 g/t Au from 199m (GORC058). Gold mineralisation was intersected adjacent to the Western Shear Zone and analogous to the drilling of the S5 prospect. The new intersection in hole GORC058 occurs outside the previously interpreted broad mineralised zone and indicates potential for a steeply dipping high-grade shoot at Golden Orb.

The S5 Prospect is north of Golden Orb and ~300m south of the Wattle Dam Gold Mine pit crest. Initial drill programmes at S5 intersected a high-grade gold interval of 3.0m @ 83.3g/t Au from 25m (S05AC001) with follow-up drilling intersecting 32m @ 3.2g/t Au from 105m (S05RC007). The geological setting along the S5 /Golden Orb corridor is analogous to the Wattle Dam Gold Mine.

The previous drilling passed through the Western Shear Zone (part of the regional Spargoville Shear Zone which also hosts Hilditch) and into variably altered and veined ultramafics in the footwall of the shear zone. DRONE GEOPHYSICS SURVEY - HILDITCH GOLD PROJECT: A multi-target UAV (drone) magnetic survey has been completed over a significant structural corridor on the regional Spargoville shear zone at the Hilditch/Lefroy Projects and the newly acquired Kemble prospect. The UAV system's unique ability to fly low and maintain centimetre precision positioning in real-time results in high-resolution data, revealing features potentially missed by conventional aerial surveys.

The UAV magnetic surveys were completed with a 20m line spacing. The magnetic survey follows the recent drilling at the Hilditch Gold Project which successfully expanded the mineralised envelope from the current JORC 2012 Inferred resource of 132,000 t @ 1.77 g/t Au for 7,511 oz of gold (ASX:MXR announcement - 11 April 2017). The first-pass drill programme successfully defined shallow zones of broad gold mineralisation which included: 7m @ 7.9 g/t Au from 51m, incl.

2m @ 16.9 g/t from 52m (HGRC019); 7m @ 3.7 g/t Au from 11m, Incl. 1m @ 18.6 g/t from 16m (HGRC024); 6m @ 3.4 g/t Au from 30m, Incl. 2m @ 8.1 g/t from 34m (HGRC023); 18m @ 0.8 g/t Au from 41m, and 2m @ 1.3 g/t from 94m (HGRC013).

Completion of the high-resolution magnetic survey is significant as gold mineralisation at Hilditch is interpreted to be associated with a structurally controlled contact between mafic/ultramafic and volcaniclastic units. Regionally, Hilditch is located on the Spargoville Shear Zone and proximal to Karora Resources operating Spargo Reward Gold Mine, with a reported resource of 1Mt @ 3.0 g/t Au for 105,000 oz of gold.