Metal Bank Limited announced that exploration programs for the 8 Mile and Eidsvold Projects have commenced based on a two phase exploration strategy to achieve step change development advances at both projects within the next 8 months. At 8 Mile, the objective of the first phase of the exploration program is to make a bulk tonnage discovery at Flori's Find prospect. Drill planning will be refined following the results of an IP Survey and drilling is scheduled to commence in mid-September. Depending on the results of the first phase, the second phase of exploration is scheduled to commence in early 2021. This phase will focus on expansion drilling on the bulk tonnage target and infill drilling aimed at converting the Exploration Target to a resource and demonstrating that mineralization at Perry prospect continues south towards Flori's Find. At Eidsvold, the first phase of the exploration program has been designed to investigate the Great Eastern Target as a new, large IRG system. The initial drill testing will include two drill holes of up to 250m each which are fully funded by the Queensland Government under the latest round of the Collaborative Exploration Initiative. Additional surface evaluation has commenced at both Tower Hill and Forty Horse prospects in preparation for drilling. Infill surface geochemical sampling has been completed with assay results awaited and an IP survey is scheduled to commence in mid-September. The results of these studies will assist in refining drilling locations, with drilling scheduled for October 2020. MBK has two exciting gold projects in South East Queensland ­ 8 Mile and Eidsvold. The projects are both associated with historical goldfields and represent intrusion related gold systems (IRGS) with multi-million-ounce upside. Both projects are located in the northern New England Fold Belt of central Queensland, which also hosts the Cracow (3 Moz Au), Mt Rawdon (2 Moz Au), Mt Morgan (8 Moz Au, 0.4 Mt Cu) and Gympie (5 Moz Au) gold deposits. The 8 Mile project is centred on the Perry goldfield and represents a large hydrothermal mineral system near the Mt Rawdon gold mine (2 Moz). Mineralisation at the Eastern Target of the 8 Mile project is focused along a >3.6km long structural corridor which hosts the Perry prospect in the north and Flori's Find prospect in the south. A near surface maiden Inferred Mineral Resource of 195,000t @ 2.4g/t Au has been identified at the Flori's Find prospect forming the basis for an Exploration Target of 3.6 to 5.1 Mt grading between 1.60 - 2.14 g/t Au for a total of 180,000 to 355,000 oz Au using a nominal 1 g/t Au cut-off. Recent drilling at Flori's Find has now demonstrated down dip and strike extensions to the Inferred Mineral Resource and in support of the Exploration Target 6. Mineralisation remains open down-dip and northeast along strike and is now interpreted to be much closer to a potential bulk tonnage intrusion source than previously recognised. This is due to the strong correlation between gold mineralisation and broad zones of anomalous molybdenum in a number of drill-holes. The bulk tonnage target zone is defined by a strong IP geophysical anomaly directly down dip to the west of drilling at Flori's Find and also beneath Flori's Copper Show, a historical Cu-Ag-Au mine where rockchip mine dump sampling by MBK returned up to 15% Cu. Mineralisation at the mine is interpreted to be leakage directly above the bulk tonnage Target. MBK's Eidsvold project is centred on the 100,000 oz Au production historical Eidsvold goldfield within the highly fertile Eidsvold Intrusive Complex. The Eidsvold project tenure encapsulates the entire Eidsvold Intrusive Complex and MBK has completed regional airborne geophysical and surface geochemical studies to identify large-scale gold targets beneath overlying post mineralisation sediment. The Great Eastern Target offers a drill ready opportunity to test a highly prospective 7km² target, which is of a similar scale and geophysical response as the 3 Moz Mt Leyshon deposit.