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MAXIMUS RESOURCES LIMITED (MXR)

Listed on ASX

Former (or subsequent) names

 

Shareholder links

Our website ranking of MXR: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Computershare, Level 5, 115 Grenfell Street, Adelaide SA 5000

Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 8 9473 2408 or 1300 534 987
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000MXR4
Address: 246 Angas Street ADELAIDE SA 5000
Tel:  (08) 7324 3172 Fax: 08 8312 5501

Date first listed: 26/10/2005
Company Secretary: Rajita Alwis
Sector: Materials Industry Group: XMJ
Activities: Company has a portfolio of projects with potential for the discovery of uranium, gold, copper, nickel and platinum group element (PGE) deposits ?????? thereby highlighting Maximus as a polymetallic explorer

The suspension of trading in the securities of Maximus Resources Limited will be lifted immediately following the release by MXR of an announcement regarding the results of the Company's Capital Raising.

10/09/2020

The company releases a notice of Proposed issue of Securities - MXR.

10/09/2020

$3.18M placement, strongly supported by institutional, sophisticated, and existing shareholders. $1 million cornerstone investment by Tolga Kumova, representing ~9% of the Company. Directors commitment of $180,000 as part of the placement. Maximus to bring forward exploration drilling programme.

10/09/2020

Reconnaissance drill programme completed at the geophysical targets of S5 and S13, adjacent to the historical high-grade Wattle Dam Gold Mine. Encouraging gold intersections from reconnaissance air-core (AC) drilling programme at the S5 prospect. Follow-up RC drill programme currently being planned to test mineralisation extensions at S5 prospect. Gold intersections are located at similar geophysical interpreted structural flexures characteristic to Wattle Dam Gold Mine.

09/09/2020

The securities of Maximus Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MXR, pending the release of an announcement regarding a capital raising.

09/09/2020

The suspension of trading in the securities of Maximus Resources Limited will be lifted following the release by MXR of an announcement regarding the release of an update regarding the sale of the Burbanks Gold Mill.

10/09/2019

Maximus enters into a new Asset Sale Agreement for 100% of its Burbanks gold mill in WA. The new purchaser, Mineral Ventures Pty Ltd, has paid a $2.8 million deposit, with final payment due 72 hours after the existing SMS/ Adaman encumbrance is removed. Total proceeds to Maximus of A$5.2 million. Secure toll milling capacity for up to 2 years for Maximus from 2020. Previous purchaser, SMS Innovation, a subsidiary of Adaman Resources, failed to finalise its asset sale agreement and did not meet the payment commitment deadline of 31 August announced on 23 August. This arrangement has been terminated.

10/09/2019

The company expects to be in a position to make an announcement regarding the sale by the company of 100% of its Burbank's gold mill in Western Australia on or before market open on 10 September 2019. The voluntary suspension will continue until the earlier of the commencement of trading on 10 September 2019 and the company making the abovementioned announcement.

06/09/2019

The securities of Maximus Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MXR, pending the release of an announcement regarding the sale of the Burbanks Gold Mill.

04/09/2019

The suspension of trading in the securities of Maximus Resources Limited will be lifted immediately following the release by MXR of an announcement regarding a corporate transaction concerning MXR and its Goldfields Operations.

05/04/2019

The company announces the sale of 100% of Burbanks mill to Adaman Resources. Toll milling capacity was secured for a minimum of 2 years for Maximus from 2020. Sale price is agreed at circa A$5.8 million. Gold in Circuit value to be paid to Maximus in April 2019. The company has strong cash in bank position for start of 2019/20 financial year.

05/04/2019

The company releases a notice of general meeting, proxy form and explanatory statement. The meeting will be held at Level 3, 80 King William Street, Adelaide, SA, 5000 on Friday 10th May 2019 at 10.00 AM (Adelaide time).

05/04/2019

The securities of Maximus Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MXR, pending the release of an announcement regarding the announcement relating to a corporate transaction concerning the Company and its Goldfields operations.

04/04/2019

we understand that on or about this date the company consolidated its shares 1 for 115

20/12/2018

The suspension of trading in the securities of Maximus Resources Limited will be lifted immediately following the release of an announcement in relation to a binding term sheet signed for a 12 month lease of Burbanks Mill.

10/12/2018

The company has terminated the Convertible Note process to raise $3 million. The alternative Binding Agreement signed with private mining services group, GBF Mining Pty Ltd announced this morning on the Australian Securities Exchange secures up to $3.23 million for a 12 months lease of the Burbanks processing facility plus an option to acquire 50% equity in Eastern Goldfields Milling Services Pty Ltd (EGMS, owner of the Burbanks processing facility) with no dilution to the shares held by existing shareholders. The Company anticipates that Toll Milling will recommence within the month to complete current stockpiled ore on a Toll basis, prior to the Lease Agreement commencing from 1 March 2019, or earlier once processing of the existing Toll commitments are finalised.

10/12/2018

A Binding Term sheet was signed for 12-month lease of Burbanks Mill with option to purchase 50%. Transaction is valued up to $3.2 million with Private Mining Services Group - GBF. Lease of Burbanks includes all operating and maintenance costs. Option to Lease provides an immediate $500,000 to MXR. Option to Purchase 50% includes an additional $1.0 million to MXR and assumption of Ramelius outstanding debt over Burbanks. Rights Issue to shareholders planned in early 2019 to fund ongoing project reviews and potential acquisitions.

10/12/2018

The company releases a notification of consolidation of capital. Shareholders get 1 share for every 115 presently owned.

10/12/2018

Further to the approval of the consolidation of capital by shareholders today at the AGM, the board has decided to proceed amend the timetable for the consolidation process to achieve all reporting requirements. The approved consolidation metric of 1 new share for every 115 existing MXR shares, will not affect the overall value of each shareholder's portfolio. The consolidation will result in a reduction in total shares on issue from 3,481,396,940 shares to approximately 30,273,017 shares at a post consolidation value of $0.115 per share based on the share price on last trading date. The actual onmarket share price may vary, and there is no guarantee that the share price will remain at $0.115 per share. Therefore, the previously amended timetable for the consolidation will need to be amended by a further day as a result of this decision.

10/12/2018

The Company had understood that ASX would be exercising its discretion to keep MXR's securities in suspension "until the issue of the $3 million convertible note is approved by shareholders at the AGM on 30 November 2018". MXR Shareholders voted in favour of the $3 million Convertible Note at the Company's AGM on Friday 30th November. The Company is negotiating a corporate transaction that it believes should be finalised within two days. ASX and the company agreed that the company's securities remain in suspension pending finalisation of the corporate transaction.

03/12/2018

The board has decided to amend the timetable for the consolidation of the company's capital.

30/11/2018

The company releases the results of its meeting.

30/11/2018

The company sought clarification from the ASX as to why the Company's shares remained in suspension and when the suspension would be removed. The response from the ASX dated 14 November 2018 outlines that it is exercising its discretion to keep MXR's securities in suspension "until the issue of the $3 million convertible note is approved by shareholders at the AGM on 30 November 2018". The Company will seek shareholder approval for the Convertible Note transaction at the Annual General Meeting on 30 November 2018.

16/11/2018

The company lodges its Quarterly Activities and Cashflow Report.

31/10/2018

The company releases an Appendix 4G.

30/10/2018

The company releases a Corporate Governance Statement.

30/10/2018

The company lodges its Annual Report to shareholders.

30/10/2018

The company releases a notice of AGM. The Annual General Meeting of the shareholders of Maximus Resources Limited will be convened at 11.00 am. on Friday 30 November 2018, at Level 10, 25 Grenfell Street, Adelaide, South Australia.

30/10/2018

The company has signed a mandate for a $3 million Convertible Note with Adelaide based Taylor Collison Limited. Convertible Note Terms are subject to approval by MXR shareholders at AGM. Funds will reduce debt and secure full ownership of Burbanks mill. Rights Issue to shareholders planned following the AGM. Progress on an additional significant Toll Milling Agreement will underpin Burbanks ongoing operations.

26/10/2018

The company lodges its 2018 Audited Financial Statements.

08/10/2018

Share trading in MXR was placed in suspension. The company's audited accounts are planned to be finalised by Friday 5th October, 2018. Capital raise negotiations have advanced. There have been negotiations for project acquisition advanced feeding into capital raise quantum. There has been progress on an additional significant Toll Mining Agreement to underpin Burbanks ongoing profitability.

03/10/2018

The securities of the company will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2018, following failure to lodge the relevant periodic report for the period ended 30 June 2018 by the due date.

01/10/2018

securities reinstated to quotation

13/07/2007

securities suspended from quotation pending an announcement

11/07/2007

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    19/05/2020Kevin Malaxos-80,000$0.035$2,760
    05/05/2020Martin Janes400,000$0.030$12,000
    29/04/2020Kevin Malaxos-102,609$0.035$3,591
    09/03/2016Robert Kennedy2,500,000$0.003$7,500
    09/03/2016Ewan Vickery1,429,999$0.003$4,290

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Tim WitherManaging Director27/08/2020
    Rajita AlwisCFO30/06/2011
    Martin JanesNon Exec Director01/08/2019
    Steven ZaninovichNon Exec Director14/07/2020
    Kevin MalaxosNon Exec Director25/10/2010
    Gerard AndersonNon Exec Director01/11/2018

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Leigh McCluskyNon Exec Director01/09/201001/08/2019
    Ewan VickeryNon Exec Director17/12/200430/11/2018
    Nicholas SmartAlternate Director09/05/200524/08/2018
    Robert KennedyNon Exec Chairman17/12/200420/03/2018

    Date of first appointment, title may have changed.