Maximus Resources Limited announced significant assay results from air-core drilling at the newly discovered Misho Nickel Prospect, located 25km from BHP's Nickel Concentrator in the world-class Kambalda district, Western Australia. The completed air-core (AC) drill programme was designed to target nickel sulphide path-finder elements such as copper and PGE (platinum group elements) along an interpreted basal contact position. The Misho nickel prospect was targeted by a distinct magnetic feature, located 1km north of Estrella Resources Limited's historical high-grade 1A nickel mine which produced 112,000t @ 3.8% Ni (BRW ASX announcement 19 November 2007).

To narrow the search for Kambalda-style nickel sulphide deposits, it is crucial to identify the basal contact position of komatiite channels, which is the primary source of economic nickel deposits in the Kambalda region. Legacy drilling to the north of the 1A Mine indicates that only the flank of a mineralised channel was intersected, and this area is surprisingly under-explored. AC drilling by Maximus has effectively defined the location of the komatiite basal contact and associated Ni-Cu- PGEs in the regolith, indicating fertile ultramafics aiding follow-up reverse circulation (RC) drilling.

1AAC007 intersected highly weathered ultramafic saprolite, with observed gossan at the centre of the interpreted channel. The Misho nickel prospect is interpreted to be an overturned and west-dipping basalt/komatiite sequence. Drillhole 1AAC007 was assayed on a priority basis due to promising field observation, encouragingly intersected 20m @ 0.53% Ni, 492ppm Cu, 126ppb PGE from 10m, including 4m @ 0.92% Ni, 1336ppm Cu, 238ppb PGE from 10m including 2m @ 1.21% Ni, 1705ppm Cu, 987ppm Co, 293ppb PGE from 11m.