Metal Bank Limited reports an initial Exploration Target underpinned by a maiden Inferred Mineral Resource estimate from limited drilling completed to date 1 on the newly discovered Flori's Find gold deposit at the 8 Mile Project in southeast Queensland, Australia. The drilling and maiden Inferred Mineral Resource support potential for additional mineralisation both down dip and along a >600 m strike length, as indicated by surface soi anomalies. This provides the basis for an Exploration Target, in addition to the Inferred Mineral Resource, 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 and limited to approximately 120 m below surface. Though based on extrapolating the Inferred Mineral Resource and extent of surface soil anomalies, it should be noted that the potential quantity and grade of the Exploration Target is conceptual in nature. There is no reliable drilling information beyond the initial drill section completed in 2019 sufficient to estimate a Mineral Resource over the Exploration Target area and it is uncertain if further exploration will result in the estimation o a Mineral Resource over this area. The maiden Inferred Mineral Resource and Exploration Target are in addition to the previously identified potential bulk tonnage target to the immediate west of the limited drilling to date.