Royalties estimated value over $8million, which exceeds Maximus’s current market capitalisation.
Mining Lease application and DFS in advanced stages for Bird in Hand Gold Project (ASX:TZN).
MAXIMUS RESOURCES LIMITED ABN 74 111 977 354
Flushing Meadows Royalty – Yandal Resources (ASX:YRL)
- $200,000 payable to MXR upon commencement of gold production
- Maximus is entitled to $40 per oz for the first 50,000ozs
- Maximus is entitled to $20 per oz for a further 100,000ozs
- 3% NSR to MXR for any gold by-products (silver etc.)
- Royalty capped at $4 million
(YRL ASX Announcement November 22, 2019)*(YRL ASX Announcement February 11, 2020)
Bird in Hand Royalty – Terramin (ASX:TZN)
Resource (JORC 2012) - 265,000 ounces @ 12.6g/t
- $1million payable to MXR on commencement of bullion production
- Ongoing royalty of 0.5% on >50,000ozs
max.pdfActing Chairman Maximus Resources Ltd
This announcement was authorised for issue by the Directors of Maximus Resources Ltd.
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