Bindi Metals Limited announce that its maiden RC drilling program at the Biloela Project has commenced. The Biloela Copper Gold Project (Project) is located in the highly prospective New England Belt and is located 40 km west of the Mt Cannindah Project owned by Cannindah Resources, which recently recorded world class drill intercepts of 1,022m @ 0.5 % CuEq. Bindi has mobilised an RC drill rig to site and the program will consist of 3,000m of drilling.

Drilling is expected to be completed within 6 weeks. The Company will test five high priority prospects across the Project with the potential for major discoveries. The magnetic data indicates that highly anomalous copper-gold in soils and outcropping mineralisation (up to 13 g/t Au and 5% Cu at Flanagan's and 9 g/t Au and 12% Cu at Great Blackall) is driven by a strong circular magnetic feature similar to well-known intrusive systems such as the Bajo de la Alumbrera Porphyry Cu-Au Deposit.

This is indicative of the heat source of a large porphyry-like system and is highly encouraging for exploration at the Project. The recently acquired drone magnetic imagery highlights a 1.8 km magnetic anomaly from Blackall North, Main and East with coincident elevated copper-gold-in-soil and rock chips up 12% Cu and 9 g/t Au. Historical drill results of 12m @ 1.85% Cu, 0.45 g/t Au from 20m including 2m @ 9.4% Cu and 2.1 g/t Au are very encouraging for the Great Blackall prospect and confirm the high grade prospectivity.

These results were not followed up by previous explorers and Bindi plans to test these high-grade intercepts along strike and down dip at Great Blackall as well test the regional strike at GB North and GB East. Along the Flanagan's trend, magnetics defined two undrilled prominent NW-SE trending structures along a 1.5 km trend with up to 13 g/t Au and 5% Cu in rock chips and coincident highly anomalous copper-gold soils. The overall trend in rock chips has >0.5 g/t Au over the 1.5 km magnetic and is a high priority drill target for the company.

Both these high priority drill targets have the potential for major discoveries and the Company is excited to test these five prospect areas in the maiden RC drill program.