Metal Bank Limited provided an exploration update covering initial reconnaissance sampling over the recently granted 8 Mile Project Exploration Permit (246km2) covering an interpreted large-scale alteration system located in close proximity to the Mt Rawdon gold deposit in south-east Queensland, Australia. Two priority gold targets have been identified (Eastern and Western targets) flanking an interpreted core (potassic/magnetite alteration) of a large-scale hydrothermal mineral system, currently estimated to be 10km wide. Both gold targets are associated with broad zones of magnetite destructive alteration (forming magnetic lows) which is a typical feature of intrusion related gold deposits. Large-scale mineralised hydrothermal system estimated at over 10km wide (encompassing Eastern and Western targets) has been identified, 15km north-east of the 2Moz Mt Rawdon gold mine. Eastern Target - Porphyry-style gold mineralisation intersected in limited previous drilling1 including 22m @ 0.7g/t Au from surface (F4) and 38m @ 0.46g/t Au from 14m (PK1) representing `open' gold systems over 1.5km apart. Western Target - Reconnaissance sampling has discovered a large breccia-style mineralised hydrothermal system not previously recognised or sampled, with preliminary technical indicators suggesting strong similarities to the Mt Rawdon gold mine.