advancing on many fronts - maximus resources€¦ · nov 2005 bih drilling commenced ... sacome...

SACOME PRESENTATION - 20 JULY 2007 1

ADVANCING ON MANY FRONTSKevin Wills Managing Director

Bird in Hand Au - SA

CURRENT DRILLING

Billa Kalina IOCG - SA

Sellheim Gold - QLD Milgoo Ni, PGM - WAWindimurra U - WA


The FME GroupFDL listed 20.2.2002 Raised $3.3MMXR listed 26.10.2005 Raised $7.0MERO listed 31.10.2006 Raised $14.75M


Dec 2004 Conceived to explore non-diamond potential of some of FDL’s ground

Jan 2005 Chose name based on Brazillian coffee bean sack

Oct 2005 MXR raised $7m and listed

Nov 2005 BIH drilling commenced

Oct 2006 Spin out Eromanga assets with ERO listing

Dec 2006 Recognition of Sellheim alluvial gold Production Potential

Feb 2007 High quality EM conductor at Narndee

Jun 2007 162,000 oz gold resource at Bird in Hand

July 2007 $9.2 million capital raising announced

History


Board

Robert KennedyChairman

Ewan VickeryDirector

Kevin Wills

Managing Director

Gary MaddocksExploration

Director

Richard Willson

Company Secretary


Capital structure/recent trading

Shares on issue 93.3 million end JulyOptions on issue 39.1 millionexercise at 14�50 cents between 30/6/2008 and 2/7/2012

Recent TradingShares 30-47 centsMarket capitalisation $25-39 million

Top 5 shareholdersMark Creasy companies 10.5MFlinders Diamonds 7.0MBruce Legendre 5.9MApex Minerals 3.5MKevin Wills 3.5M 30.4M (33%)

Share price performance and volume


Placement and Rights Issue

Purpose To fund the companies ongoing exploration and feasibility study activities

Details Placement of 11 million shares (completed 17 July)

Renounceable rights issue at 1 for 5 (approx 18.7 million shares)

At $0.31 cents will raise $9.2MManaged/underwritten - Patersons Securities LtdTimetable Trading halt 9 July 2007 Record date 1 August 2007 Opening of Offer 3 August 2007 Closing of Offer 20 August 2007 Dispatch of new shares 28 August 2007


The Eromanga asset

Maximus owns 44.35 million ERO shares which •represents 35.36% of the capital of ERO: Shares in escrow until 31 October 2008

Maximus owns 8.03 million, •30 cent options in ERO exercisable until 30/6/11

Billa Kalina JV for Olympic •Dam type IOCG: ERO spending $3M to earn 50%

Eromanga Basin JV for •Sandstone Uranium: ERO spending $7M to earn 70%

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Billa Kalina

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kilometres

20 1

Proposed DrillholeProposed DrillholeProposed DrillholeProposed DrillholeProposed DrillholeProposed DrillholeProposed DrillholeProposed DrillholeProposed DrillholeProposed Drillhole

Current DrillholeCurrent DrillholeCurrent DrillholeCurrent DrillholeCurrent DrillholeCurrent DrillholeCurrent DrillholeCurrent DrillholeCurrent DrillholeCurrent Drillhole

Fault

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-3.2

-0.0

3.2

6.4

Gz (mgal)

8 2

4

6

0 2500 5000 7500P(m)

-5000

-2500

0

Z(m)

Az = 45.4deg


Billa Kalina

Kevin Lines, Kevin Wills and Wayne Cowley on field reconnaissance in the Billa Kalina area, June 2006.

Drilling BK 1 - July 2007


Eromanga Basin

Australia is under represented in sandstone uranium deposits

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Innovative geological model.•

Very limited previous exploration•

New remote sensing and geophysical techniques allow •rapid, cost effective targeting of palaeodrainages.

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Eromanga Basin Project


Marree PaleochannelProcessed REPTEM imageDrilling has commenced.


Project locations

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Windimurra/Narndee Layered Mafic Complex

-29º-29º-29º-29º-29º-29º-29º-29º-29º

-28º30'-28º30'-28º30'-28º30'-28º30'-28º30'-28º30'-28º30'-28º30'

-28º-28º-28º-28º-28º-28º-28º-28º-28º118º

118º

118º

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118º

118º

118º

118º30'

118º30'

118º30'

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118º30'

118º30'

118º30'

118º30'

Windimurra Windimurra Windimurra Windimurra Windimurra Windimurra Windimurra Windimurra Windimurra Vanadium DepositVanadium DepositVanadium DepositVanadium DepositVanadium DepositVanadium DepositVanadium DepositVanadium DepositVanadium Deposit(non MXR asset)(non MXR asset)(non MXR asset)(non MXR asset)(non MXR asset)(non MXR asset)(non MXR asset)(non MXR asset)(non MXR asset)

AuAuAuAuAuAuAuAuAu

AuAuAuAuAuAuAuAuAu

AuAuAuAuAuAuAuAuAu

PGMPGMPGMPGMPGMPGMPGMPGMPGMPGMPGMPGMPGMPGMPGMPGMPGMPGM

AuAuAuAuAuAuAuAuAu

AuAuAuAuAuAuAuAuAu

PGMPGMPGMPGMPGMPGMPGMPGMPGM

Milgoo Nickel/PGM ProspectMilgoo Nickel/PGM Prospect

AuAuAuAuAuAuAuAuAu

Canegrass Vanadium ProspectCanegrass Vanadium Prospect

PbZnPbZnPbZnPbZnPbZnPbZnPbZnPbZnPbZn

Windimurra Uranium ProspectWindimurra Uranium Prospect

CuZnCuZnCuZnCuZnCuZnCuZnCuZnCuZnCuZn

CuZnCuZnCuZnCuZnCuZnCuZnCuZnCuZnCuZn

CuZnCuZnCuZnCuZnCuZnCuZnCuZnCuZnCuZnNi PGMNi PGMNi PGMNi PGMNi PGMNi PGMNi PGMNi PGMNi PGM

AuAuAuAuAuAuAuAuAu

Ni PGMNi PGMNi PGMNi PGMNi PGMNi PGMNi PGMNi PGMNi PGM

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kilometres

0

WindimurraWindimurraWindimurraWindimurraWindimurraWindimurraWindimurraWindimurraWindimurra

Mount MagnetMount MagnetMount MagnetMount MagnetMount MagnetMount MagnetMount MagnetMount MagnetMount Magnet

NarndeeNarndeeNarndeeNarndeeNarndeeNarndeeNarndeeNarndeeNarndee

NarndeeMaximus Tenement AreaWindimurra-Narndee Complex

Canegrass Vanadium Prospect


Windimurra uranium paleochannel

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DimensionCalcrete uranium mineralised area ~ 8000m x 500m

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�� Exploration target10-12Mt @ 0.3kg/t U308 6-8Mlbs U308 (US$600-800m @ $100/lb)

Airborne radiometrics U


Windimurra uranium drill plan

118º28'

118º28'

118º28'

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118º28'

118º28'

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118º28'

118º28'

-28º14'-28º14'-28º14'-28º14'-28º14'-28º14'-28º14'-28º14'-28º14'

118º32'

118º32'

118º32'

118º32'

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118º32'

118º32'

118º32'

118º32'

1km

Area of WMC anomalous drilling

Windimurra palaeochannel

Assay anomalous drillhole

Calcrete

Exploration licence

Assays received

Awaiting assaysDrillhole to be completed

Best intersections to date2.5m @ 0.49kg U3O8/tonne2.0m @ 0.48kg U3O8/tonne


Windimurra uranium drilling


Narndee Project - Milgoo Prospect

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Milgoo EM targets

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EM response across centre of anomaly

Channel 15 conductance image over area shown left


Milgoo drilling

Sulphides explain EM anomalies

Assays awaited


Canegrass vanadium

Windimurra Windimurra Windimurra Windimurra Windimurra Windimurra Windimurra Windimurra Windimurra Windimurra Vanadium Vanadium Vanadium Vanadium Vanadium Vanadium Vanadium Vanadium Vanadium Vanadium

Mine Mine Mine Mine Mine Mine Mine Mine Mine Mine

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

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CANEGRASS

CANEGRASS

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CANEGRASS

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CANEGRASS

CANEGRASS

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CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

CANEGRASS

MAGNETIC

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ANOMALY

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ANOMALY

-28º25'-28º25'-28º25'-28º25'-28º25'-28º25'-28º25'-28º25'-28º25'

-28º20'-28º20'-28º20'-28º20'-28º20'-28º20'-28º20'-28º20'-28º20'

118º25'

118º25'

118º25'

118º25'

118º25'

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118º25'

118º25'

118º25'

118º30'

118º30'

118º30'

118º30'

118º30'

118º30'

118º30'

118º30'

118º30'

1 to 1.5% V O

non MXR Exploration licence area

0.5 to 1% V O0.03 to 0.5% V O

2 5

2 5

2 52km

Rockchip sampling

MXR Exploration licence area


Adelaide Hills Gold Province

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Bird in Hand History


Bird in Hand Project Area

WoodsideWoodsideWoodsideWoodsideWoodsideWoodsideWoodsideWoodsideWoodside

Bird In Hand MineBird In Hand MineBird In Hand MineBird In Hand MineBird In Hand MineBird In Hand MineBird In Hand MineBird In Hand MineBird In Hand Mine

500m

WoodsideWoodsideWoodsideWoodsideWoodsideWoodsideWoodsideWoodsideWoodsideAdelaideAdelaideAdelaideAdelaideAdelaideAdelaideAdelaideAdelaideAdelaide

10km

Historic mine site

Bird in Hand Winery


Bird in Hand results

Inferred resource421,000 tonnes @ 12.0 g/t Au (162,000 ozs)


Bird in Hand - Drill core BH 17

Base metal sulphide rich section from mineralised interval in Maximus Drill Hole BH-17. (Brown – zinc sulphide, gray – lead sulphide, yellow – iron sulphides, white – quartz)


Bird in Hand - polished sections

0.1 mm 0.05 mm

pyrite

gold

pyrite

gold

galena


Sellheim ProjectNorthern Drummond Basin

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Gold nugget from the Sellheim workings

21M ounces gold in region•

Option 100% for $1.5M•

Known alluvial goldfield•

Under explored bedrock •potential


Sellheim Project tenements and helimag

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Alluvial operation1 Small scale testing to

define inferred resource

2 Bulk sampling for probable reserve

3 Commence production December quarter

Helimag image

HardrockHelimag survey


Sellheim Project activities


Gold bearing alluvials

Gold nugget in situ


SEL

LHEI

M

DamDamDamDamDamDamDamDamDamDam

CampCampCampCampCampCampCampCampCampCamp

RIV

ER

ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328ML10328

Mt RichardsonMt RichardsonMt RichardsonMt RichardsonMt RichardsonMt RichardsonMt RichardsonMt RichardsonMt RichardsonMt RichardsonPlant sitePlant sitePlant sitePlant sitePlant sitePlant sitePlant sitePlant sitePlant sitePlant site

Outcrop

0 - 1m overburden

> 1m overburden

Previous workings

500m

Tracks

Creeks

250km

Sellheim

Townsville

Brisbane

Proportion of overburden mined 9.6%

Area of unmined overburden 208Ha

Gold resource potential 50,000 - 75,000ozs

Sellheim alluvial gold potentialMiddle Camp Goldfield discovered in 1867

33SACOME PRESENTATION - 20 JULY 2007

Sellheim water storage

November 2006

February 2007Production target 20,000 ozs/year at operating cost of A$200/oz


Milestones going forwardJuly 07 Billa Kalina IOCG target result

August 07 Windimurra Uranium results, infill drilling for Inferred Resource

August 07 Milgoo sulphide nickel target drilling results

September 07 Results from Eromanga Basin Paleochannel Uranium drilling

October 07 Fly major Airborne EM survey over Windimurra/Narndee Complex

November 07 Commence alluvial gold production at Sellheim

January 08 Commence Bird in Hand pre-feasibility study


Summary

Value of 35% owned Eromanga Uranium asset•

215,000 ounces of gold located•

Expecting exploration results for:• - Windimurra Uranium - Milgoo Nickel - Billa Kalina IOCG - Eromanga Basin Paleochannel Uranium

Alluvial production cash flow from Sellheim•

BIH pre-feasibility study January 2008•

36SACOME PRESENTATION - 20 JULY 2007

Thank you

Please visit our website at www.maximusresources.com

advancing on many fronts - maximus resources€¦ · nov 2005 bih drilling commenced ... sacome...

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