BBX Minerals Limited reported assay results for diamond drill holes TED-018 and TED-019, from its 2020-21 drilling programme at the Três Estados project. These holes, which were assayed for gold, platinum, palladium, iridium and rhodium, were drilled on and outside the contact of the host mafic body and define the northern margin of the mineralisation. TED-018 was drilled on the northern contact of the mafic intrusive and TED-019 is located outside the mafic body within felsic volcanics.

TED-018 returned scattered iridium and local platinum values in the upper portion of the hole, both above and below the base of weathering. Fresh mafic slabs were encountered within the relatively deep weathered profile. Brecciated rhyolite with hematite staining was intersected at 49.6m, marked by a sharp fault contact between the mafic and the underlying felsic.

TED-019 intercepted occasional platinum and iridium values within the brecciated rhyolite, including 4m at 0.99 g/t platinum straddling the saprolite/fresh rock contact.