Maximus Resources Limited is pleased to advise the completion of 14.5 line-km of Fixed Loop Electromagnetic (FLEM) Surveys at Maximus' highly prospective Wattle Dam East Nickel target, within the Company's Spargoville tenements, and located 25km from BHP's Kambalda Nickel Concentrator. A significant conductor in the order of 6000-8000 Siemens has been modelled from 150m below surface and dipping 56° to the west. The target for the FLEM survey was for a blind nickel-sulfide occurrence obscured by younger stratigraphy. Ultramafic rocks that host sulfide nickel mineralisation in the Spargoville ­ Mt Edwards corridor characteristically have north-northwest strike and dip west at 55 - 75 degrees, as observed at Neometals' Zabel Ni deposit ~900m to the south, and at Estrella Resources Andrews Shaft nickel mine ~1,300m to the north; respectively. The modelled conductance of the Wattle Dam East anomaly can be typical of sulfide occurrences; however, this is dependent on sulfide abundance, mineralogy, and texture. The Company is encouraged by the discrete conductor occurring within laterally continuous prospective stratigraphy. EM conductors may also be due to the presence of conductive sulfidic and graphitic shales, which are present in the ultramafic stratigraphy, however the Wattle Dam East anomaly has a restricted strike extent compared with the interflow `shale' (pelite) units. The presence of a late-time conductor and discrete spatial extent of the EM anomaly is encouraging for a blind nickel-sulfide target. Nickel Sulfide mineralisation in the Kambalda area is related to ultramafic komatiite lava extrusion and mineralisation is hosted both within komatiite and at the basal contact with underlying basalts. Recent greenfield Nickel discovery in the area includes Mincor Cassini Nickel Deposit with a Ore Reserve of 1.05 million tonnes of ore grading 3.3% Nickel 2.