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ASX:MXR

Maximus Resources Ltd

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Market:
ASX
Market Cap:
$16.44 m
Price
0.14 AUD
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3.85%
52 weeks high
0.23
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Maximus is an innovative, energetic and professional mineral exploration and development team, with an Australian focus on a small suite of strategic commodities, with extensive tenement holdings in Western Australia.

Spargoville Project

Western Australia
Maximus 51% up to 100%

In August 2015, Maximus signed a Farm-in Agreement with ASX listed Tychean Resources Ltd (TYK) to secure up to 90% of the Spargoville Gold Project. Spargoville is located 70 kilometres south of the regional mining centre of Kalgoorlie in Western Australia’s Eastern Goldfields.Maximus Resources acquired an initial 25% interest in the substantial exploration tenement package consisting of 27 granted mining leases, two granted exploration licences, five prospecting licences and two miscellaneous licences. The total exploration area is 11,440 ha.

In November 2015, Maximus achieved the Stage 1 earn-in commitment (further $200,000 exploration expenditure), increasing equity in the tenement package to 51% of TYK’s gold rights and various nickel rights over the tenements. Maximus continues to invest in exploration to achieve the Stage 2 earn-in milestone and achieve 90% equity in the TYK interest in the tenements. TYK retains 10% equity through to a decision to mine at which point it can contribute to ongoing costs, or dilute to a NSR royalty. Nickel rights on 10 tenements are held by a third party.

Gold has been mined in the Spargoville Region for over 70 years and yet despite its close proximity and ease of access to the major gold mining centres of Coolgardie, Kalgoorlie and Kambalda, it remains one of the under explored belts in the Western Australian Goldfields. Much of the historical exploration has been fragmented and quite cursory.

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Last updated 18th September 2020

Tim Wither
Managing Director

Mr Wither is a mining engineer with over 18 years of exploration, operational and executive experience in gold and base metals projects in Australia and overseas. His most recent role has been supporting Matsa Resources Limited in the development of gold projects in the Goldfields of WA, including corporate development aspects. Prior to that appointment, he held various international positions including that of Group Mining Manager for Avanco Resources Limited prior to its sale to Oz Minerals Limited for $450 million.


Gerard Anderson
Non-executive Director

Gerard is a geologist with 42 years’ experience in exploration, mine and resource geology principally in iron ore, gold and base metals.  Gerard’s senior management positions have included as Exploration Superintendent Boddington Gold Mine, Chief Geologist Bronzewing Gold Mine, Chief Geologist Kalgoorlie Consolidated Gold Mines, General Manager Golden Grove Operations, General Manager Newmont Joint Ventures and as Managing Director of Croesus Mining Limited, Centrex Metals Limited, Archer Exploration Limited and as of March 2018, Woomera Mining Limited.

In addition to his geology qualifications Gerard has completed a post graduate degree in Business and a Masters in Mineral Economics.


Kevin Malaxos
Non-executive Director, Member of AusIMM

Mr Malaxos has 30 years experience in the resources sector in senior management and executive roles across a suite of commodities including gold, nickel, iron ore, silver, lead, zinc and chromium. He has managed surface and underground mining operations and brings a wealth of experience in project evaluation and development, project approval and Government liaison.

Mr Malaxos was a director of Flinders Mines Limited ( 2010 - 2016).


Martin Janes
Non-executive Director

Mr Janes has joined the board as a Non-Executive Director. Mr Janes is a senior mining executive with over 28 years' experience. Until recently Martin was Chief Executive Officer of Terramin Australia Limited (ASX: TZN) a position he commenced in June 2013 having been that company's CFO from August 2006 to December 2010. Martin was previously employed by ASX listed uranium company Toro Energy Limited (ASX: TOE) (May 2011 to October 2012) where he held the position of General Manager – Marketing & Project Finance. Martin has a strong finance background and specialty covering equity, debt & related project financing tools and commodity off-take negotiation.


Steve Zaninovich
Non-Executive Director

Mr Zaninovich is a highly qualified and experienced Engineer with over 25 years project management experience in Australia and overseas. He was previously Project Director for Tawana Resources with responsibility for delivery of the Bald Hill Lithium Project (WA), commissioning and handover, and prior to that Vice President of Major Projects and part of the Executive Management Team at Teranga Gold Corporation following the acquisition of Gryphon Minerals, after spending 5 years as Chief Operating Officer with Gryphon. Mr Zaninovich is currently a Non-Executive Director of Canyon Resources Ltd and Indiana Resources Ltd and was previously an Executive Director with Lycopodium Minerals and held Non-Executive Director roles with Centaurus Metals, Gryphon Minerals and Orway Minerals Consultants.


Rajita Alwis
Company Secretary

Ms Alwis has more than 10 years' experience in public practice and commerce and is a Company Secretary of numerous listed and proprietary companies. Ms Alwis also provides a Chief Financial Officer role to various public and private companies. Ms Alwis is a Chartered Accountant and holds a degree of Bachelor of Commerce (Accounting and Finance).


Last updated 18th September 2020

Principal and Registered Office

246 Angas Street
ADELAIDE SA 5000


Postal Address

GPO Box 1167
ADELAIDE SA 5001


Email: info@maximusresources.com
Phone: 08 7324 3172

Facsimile facility ceased 1 September 2018