Bindi Metals Limited announced results of a recent drone magnetics survey program completed on the Biloela Project which is located approximately 90 km southwest of the Port of Gladstone, Queensland. Bindi recently completed a drone-based aeromagnetic survey covering a large area of 6 km by 5 km at close 40m spacing across the main prospects at the Biloela Project. The aim of the work was to gather highly detailed magnetic data to assist drill targeting work and ultimately identify important structures hosting mineralisation.

The new detailed magnetic images have highlighted a major central magnetic high positioned directly over the historically identified mineralisation at Great Blackall and Flanagan's as well as the new anomalies generated in the recent soil and mapping program conducted by Bindi The data highlights a circular `donut' zone of anomalous copper-gold in soils and rock chips surrounding the central, circular magnetic high feature in the data. The magnetic donut is characteristic of many porphyry copper-gold deposits worldwide and is similar in magnetic response to the Alumbrera porphyry copper-gold deposit in Argentina. As is typical in these deposits, the central magnetic high is related to mineralisation and surrounded by an outer magnetic low.

An outer ring structure has also been identified in the drone magnetics data at Biloela, like the Alumbrera porphyry deposit. Further processing of the detailed magnetic data has also identified several important controlling structures and magnetic anomalies at what are now considered to be the four priority target areas: Great Blackall Main, North and East Extensive prominent magnetic high that can be traced for over 1.8 km along the whole southern flank of central magnetic anomaly coincident with elevated copper- gold-in-soil, rock chips up to 12.1% Cu, 9.8 g/t Au, 120 ppm Mo and historical drilling intersections of 12m @ 1.8% Cu and 0.45 g/t Au including 2m @ 9.4% Cu and 2.1 g/t Au At least 3 new interpreted structures that extend for at least 2km in a dominantly east and north-east orientation that are interpreted to control mineralisation at each location Historical drilling focused on only 200m strike at Blackall Main with no follow up New mineralised structures at Blackall North and Blackall East remain untested by drilling. Two prominent northwest-trending structures interpreted from the magnetic data that can be traced for over 1.5 km coincident with high-grade copper-gold mineralisation with up to 13 g/t Au and 5 % Cu and large copper-gold-in-soil anomalies Newly defined mineralised structures at Flanagans have never been drill tested.

Located at the intersection of interpreted cross cutting north- and northwest-trending faults on the north-eastern flank of the central magnetic high coincident with highly elevated copper-gold-in-soil (up to 134 ppb gold) as well as historical rock chips up to 0.3% Cu and 0.2 g/t Au Structures are interpreted to be the extension of the Flanagan's Main trend and traceable over 1 km and have never been drill tested. Magnetic data highlights a subtle east-trending fault crosscut by prominent north- trending fault with coincident elevated copper-gold-in-soil anomaly and rock chips up to 12.2 g/t Au and 4.3 % Cu ew structure interpreted to extend for over 800m Mapping has resulted in the discovery of a new high priority prospect at QR East. The discovery consists of two ~40m zones 20m apart totaling over 100m of quartz stockworks hosted in granodiorite and breccia units.

The breccia clasts consist of potassic altered (potassium-feldspar "pink" clasts) of monzonite with pyrite and mica in the groundmass. The company has collected channel samples and assays are pending. The magnetic data has defined a large-scale porphyry style Cu-Au deposit like signature that is similar to other well-known deposits globally Although the true mineralisation-style at each prospect is yet to be confirmed, extensive copper-gold anomalies and high-grade copper-gold mineralisation that surrounds a central, circular magnetic high feature is a hallmark of large scale mineralised copper-gold systems The high-resolution drone magnetic data has provided a detailed dataset that is now defining the controlling structures to be targeted by the upcoming drill program Recent field work at QR East has confirmed stockwork and breccia-style mineralisation associated with at least one of the interpreted structures 3,000m drill program locked in to start drilling mid-September to test the recently defined high priority targets Assess assay results of recent mapping program across the project.