Maximus Resources : November Investor Presentation

onlyuse ersonalASX:MXR

Investor Presentation

November 2021

DISCLAIMER

Nature of this document: The purpose of this presentation is to provide general information about Maximus Resources Limited (the 'Company'). Unless otherwise stated herein, the information in this presentation is based on the Company's own information and estimates. In attending this presentation or viewing this document you agree to be bound by the following terms and conditions. This document has been prepared by the Company and information in this document should be read in conjunction with other announcements made by

onlythe Company to the Australian Securities Exchange and available at www.maximusresources.com or www.asx.com.

Not an offer: This presentation is for information purposes only and does not constitute or form any part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities in the Company in any jurisdiction. This presentation and its contents must not be distributed, transmitted or viewed by any person in any jurisdiction where the distribution, transmission or viewing of this document would be unlawful under the securities or other laws of that or any other jurisdiction.

Not financial product advice: This presentation does not take into account the individual investment objectives, financial situation and particular needs of each of the Company's Shareholders. You may wish to seek independent financial and taxation advice before making any decision in respect of this presentation. Neither the Company nor any of its related bodies corporate is licensed to provide financial product advice in respect of the Company's securities or any other financial products.

Forward-lookingstatements: Certain statements in the presentation are or may be "forward-looking statements" and represent the Company's intentions, projections, expectations useor beliefs concerning, among other things, future operating and exploration results or the Company's future performance. These forward-looking statements speak, and the presentation generally speaks, only at the date hereof. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, and are necessarily based on assumptions, which may cause the Company's actual performance, results and achievements in future periods to differ materially from any express or implied estimates or projections. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Relevant factors which may affect the Company's actual performance, results and achievements include changes in commodity price, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, diminishing quantities or grades of reserves, political and social risks, changes to laws

and regulations, environmental conditions, and recruitment and retention of personnel. ersonal

Disclaimer: No representation or warranty, express or implied, is made by the Company that the material contained in this presentation will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of the Company, its directors, officers, employees, advisers and agents expressly disclaims any responsibility for the accuracy, fairness, sufficiency or completeness of the material contained in this presentation, or any opinions or beliefs contained in this document, and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission there from. The Company is under no obligation to update or keep current the information contained in this presentation or to correct any inaccuracy or omission which may become apparent, or to furnish any person with any further information. Any opinions expressed in the presentation are subject to change without notice.

Unverified information: This presentation may contain information (including information derived from publicly available sources) that has not been independently verified by the Company.

Refer to Maximus Resources ASX Announcements for JORC Table 1 and Table 2 for results and information contained in this presentation

2

CORPORATE SNAPSHOT

AS OF 30/11/2021

Share Price Shares on issue Market Cap. 52 week low/high

only
0.06	317.8m	20.3m	0.06 / 0.22
Listed Options	Unlisted Options	Diluted Market	Top 20 Holders
$0.11 expires 7/1/22	Cap.
38.4m	13.0m	23.6m	~43%
use			Pantoro Limited (19.9%)
ASX:MXR
DAILY SHARE
ersonal
PRICE

DAILY SHARE

VOLUME

BOARD / MANAGEMENT

Proven mine discovery and development experience

Managing Director	Non Exec Chairman	Non Exec Director
Tim Wither	Steve Zaninovich	Gerard Anderson
MBA, BSc, GDip,	BEng, MAusIMM	Assoc. Applied Geology, Grad Dip
GradDipNatRs(Law), GAICD,		Bus, MSc
MAusIMM
Non Exec Director	Non Exec Director	Non Exec Director (alt)
Martin Janes	Paul Cmrlec	Mr Scott Huffadine
BEc, GAICD	BEng (Mining) (Hons)	BSc Geology (Hons)
Company Sec	Chief Geologist
Rajita Alwis	Dr Travis Murphy
LLB, BCom(AccFin), CA	PhD Geology, BAppSc (Geology)
	(Hons) MAIG

INVESTMENT OPPORTUNITY

LOCATED IN WORLD CLASS GOLD AND NICKEL PROVINCE

	Tier 1	• Australia's premier gold and nickel mining district. 25 km from Kambalda.
	• Located within 50km of seven gold processing plants + 25km from
	Location
		BHP Nickel Concentrator.
onlyF undations
• 108 km2 of Granted Mining Licenses + Gold Rights
	Strong	• Established JORC (2012) Resource 2.1Mt @ 2.0 g/t Au for 135,800 oz#
	• Fully funded with completed $12 million strategic placement with
			Pantoro Limited as a cornerstone investor.
		• A$8M+ in potential royalty income stream from advanced projects.
	Demonstrated	• High-grade Wattle Dam Gold Mine - 266,350 oz @ 10.6g/t Au
	•	Recent discovery of S5 Gold Prospect, only 300m from Wattle Dam.
use
	Discovery	•	Redback Deposit remains open, with high grade shoot traced from
	Potential		40m to 250m below surface.
	• Historical nickel mines produced - 845,000 t @ 2.5% Ni*.
				100% MXR GOLD RIGHTS
	Strategic	•	Dual commodity workstream - gold and nickel.
	Focus	• New management team - focused on resource expansion + discovery.
	•	Large geological dataset to "mine" and uncover the next Wattle Dam.
ersonal	• Large Multi-target drill programme underway.
	Near Term	•	Drill testing Hilditch West nickel target.
	Growth	•	Redback EIS co-fundeddrilling - potential to double mineralisation.
		•	Several compelling priority nickel targets following Central EM survey

# ASX Announcement dated 23 September 2021. * see slide 12

4

WATTLE DAM GOLD MINE

ONE OF AUSTRALIA'S HIGHEST-GRADE GOLD MINES

		Ramelius Resources (ASX:RMS) mined the high-
only
grade Wattle Dam Gold Mine from 2008-2012 with
historical production of:
		Open pit	52,700 oz @ 5.3g/t Au
use	Underground	213,650 oz @ 14.9g/t Au
Total	266,350 oz @ 10.6g/t Au
High grade, sub-vertical ore zone with steep
northerly plunge, 40-100m strike length and 8-15m
ersonal	wide.
Shallow operations mined to 365m below surface.
		Coarse gold veins resulted in the geological
		modelling under-calling contained gold.

5