Bindi Metals Limited announced assay results of a recent soil and rock chip sampling program completed on the Biloela Project. Assay results have now been recently received from a total of 551 soil and 22 rock chip samples from key prospects that were collected by Bindi at the Biloela Project earlier this year. Recent assayed rock chip sampling by Bindi geologists has confirmed the high-grade nature of copper-gold mineralisation across the Project with up to 13.4 g/t gold, 100 g/t silver and 5.1 % copper at Flanagan's (Photo 1A), 9.8 g/t gold, 179 g/t silver and 12.1 % copper at Great Blackall and a newly identified area at Quartz Ridge with up to 2.9 g/t gold, 89 g/t silver and 0.8% copper.

Historical sampling nearby also returned up to 12.2 g/t gold and 4.3 % copper at Quartz Ridge indicating yet another highly mineralized undrilled prospect. It is also important to note incredibly elevated pathfinder metals such as bismuth up to 711 ppm and molybdenum up to 120 ppm that are very typical of intrusive related systems. Eight new high priority target areas have been identified in the new soil data. The new soil data has identified a very large, circular core zone over 2 km by 2 km of highly elevated copper and gold anomalism that is a typical surface expression of a buried porphyry copper-gold system.

The trend of the newly identified copper-gold anomalies in the soil data have an excellent correlation to assay results of mineralised outcrop that Bindi recently collected and historical rock chip data across the project. This includes the high priority Flanagan's East target that extends 1200 m long, 600 m wide and is open to the east with an average grade of 25 ppb gold and up to 134 ppb gold along the strike of the anomaly. These results are highly anomalous and considered to be incredibly elevated for the ultra-fine fraction, trace element technique.

This anomaly is also coincident with highly elevated copper-in-soil above 150 ppm copper and up to 1,245 ppm copper over 1km of strike. Limited historical rock sampling on this trend returned 0.2 g/t gold and 0.3% copper on the outer zones of this high priority anomaly. However, the peak of the gold and copper anomalies have not yet been mapped or rock chip sampled.

The Flanagan's East anomaly is interpreted to be the easterly extension of the > 1,500 m by 180 m of strike of high-grade outcropping copper-gold mineralisation at Flanagan's. Overall, this represents a target with > 2.7 km of highly elevated, copper-gold anomalism that has never been drill tested and is open to the east. A second high priority target identified at Flanagan's South-East is an extension of the Flanagan's trend with highly elevated soils extending 1200 m long by 200 m wide with limited historical rock chip samples returning 0.2 g/t gold and 0.4 % copper. This trend is also open to the east and has never been drilled.

Soil data north of the Great Blackall prospect indicates a significant extension north of the known mineralisation by 550 m of strike with highly anomalous copper zone of >300 ppm copper and >5ppb gold (up to 32ppb Au). The overall trend at Great Blackall now extends for 1km. The new anomaly indicates potential to extend known mineralisation where historical drilling at Great Blackall returned 12m at 1.8 % copper, 0.45 g/t gold including 2m at 9.4 % copper and 2.1 g/t gold.

A new prospect area has been identified at Scoria in the soil data with anomalous copper > 120 ppm and gold > 5ppb over 2 km of strike with coincident bismuth-molybdenum-potassium anomalies in the soil data. Historical rock chip sampling at this prospect returned up to 3.0 % copper and 2.0 g/t gold, 800 m apart.