New Risk • Jan 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 42% over the past year. Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m (AU$1.1k revenue, or US$702). Market cap is less than US$10m (AU$10.1m market cap, or US$6.77m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Duyuru • Nov 21
Bindi Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million. Bindi Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,400,000
Price\Range: AUD 0.09
Discount Per Security: AUD 0.0054
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,155,556
Price\Range: AUD 0.09
Discount Per Security: AUD 0.0054
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,222,222
Price\Range: AUD 0.09
Discount Per Security: AUD 0.0054
Transaction Features: Subsequent Direct Listing Duyuru • Oct 09
Bindi Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million. Bindi Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,777,778
Price\Range: AUD 0.09
Discount Per Security: AUD 0.0054
Transaction Features: Subsequent Direct Listing New Risk • Sep 27
New major risk - Revenue and earnings growth Revenue has declined by 42% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 42% over the past year. Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Revenue is less than US$1m (AU$1.1k revenue, or US$688). Market cap is less than US$10m (AU$6.99m market cap, or US$4.58m). Duyuru • Sep 22
Bindi Metals Limited, Annual General Meeting, Nov 17, 2025 Bindi Metals Limited, Annual General Meeting, Nov 17, 2025. New Risk • Feb 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 81% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Revenue is less than US$1m (AU$1.8k revenue, or US$1.1k). Market cap is less than US$10m (AU$4.95m market cap, or US$3.15m). Duyuru • Dec 13
Bindi Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million. Bindi Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,062,500
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0048
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,937,500
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0048
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Oct 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m (AU$1.8k revenue, or US$1.2k). Market cap is less than US$10m (AU$3.87m market cap, or US$2.55m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). Duyuru • Oct 03
Bindi Metals Limited, Annual General Meeting, Nov 20, 2024 Bindi Metals Limited, Annual General Meeting, Nov 20, 2024. Duyuru • Sep 20
Bindi Metals Limited (ASX:BIM) entered into an agreement to acquire Lisa Antimony-Gold Project and the Mutnica Antimony-Copper Project from Edelweiss Mineral Exploration d.o.o. Bindi Metals Limited (ASX:BIM) entered into an agreement to acquire Lisa Antimony-Gold Project and the Mutnica Antimony-Copper Project from Edelweiss Mineral Exploration d.o.o for AUD 0.67 million on September 18, 2024. A cash consideration of AUD 0.2 million with an earnout/contingent payment of AUD 0.2 will be paid by Bindi Metals Limited (ASX:BIM). The company will also issue 1 million shares and an earnout/contingent payment of 2.5 million shares.
The transaction is subject to third-party approval, shareholders approval for the issue of the Lisa Completion Shares, and approval by the regulatory board. Board Change • Feb 05
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Eddie King was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Nov 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.4m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.13m market cap, or US$4.04m). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Board Change • Oct 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Eddie King was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Oct 13
Bindi Metals Limited Announces Director Changes Bindi Metals Limited announced the appointment of Steven Formica as a Non-Executive Director of the Company effective 16 October 2023. Formica brings to the Company practical management and business development experience. He has been a successful businessman and operations manager for over 35 years in several privately held business ventures across multiple industry sectors. Formica is currently a Non-Executive Director of ASX listed EchoIQ Limited, Non-Executive Chairman of Ragnar Metals Ltd., Non-Executive Chairman of Albion Resources Limited and a successful investor in a number of ASX listed entities. In addition, Mr. Cameron McLean has resigned as a Non-Executive Director, effective 16 October 2023. The Board would like to thank Mr. McLean for his contributions to the Company. Duyuru • Oct 02
Bindi Metals Limited, Annual General Meeting, Nov 20, 2023 Bindi Metals Limited, Annual General Meeting, Nov 20, 2023. New Risk • Sep 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.4m free cash flow). Revenue is less than US$1m (AU$50k revenue, or US$32k). Market cap is less than US$10m (AU$5.32m market cap, or US$3.44m). Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Duyuru • Aug 24
Bindi Metals Limited (ASX:BIM) completed the acquisition of an 80 percent stake in Schryburt Lake REE-Nb-Zr Project in northern Ontario from Trent Potts, Gold Resources Pty Ltd, Reefs Secret Pty Ltd and David Palumb. Bindi Metals Limited (ASX:BIM) entered into a sale and purchase agreement to acquire an 80 percent stake in Schryburt Lake REE-Nb-Zr Project in northern Ontario from Trent Potts, Gold Resources Pty Ltd, Reefs Secret Pty Ltd and David Palumb for AUD 0.92 million on March 27, 2023. The consideration includes AUD 60000, 2 million of ordinary shares and another 2 million of performance rights. On May 16, 2023, Bindi Metals Limited entered into a variation agreement to increase its interest to be acquired to 100%. The revised consideration consists of 900,000 fully paid ordinary shares and 5,200,000 Performance Rights. Each Performance Right will convert into 1 Share per Performance Right subject to satisfaction of the relevant performance hurdles. No cash consideration is payable on the issue of or exercise of a Performance Rights. The Consideration Securities will be subject to a voluntary escrow period of 6 months from the date of issue of the securities. In addition, Bindi Metals Limited has agreed to pay the Beneficial Owners an aggregate 1% net smelter return royalty payable from the sale of all minerals produced from commercial mining operations on the Mineral Titles. The deal is subjected to due diligence investigation, approval of acquirer shareholders, regulatory and third party approvals. As of May 16, 2023 due diligence stands completed.
Bindi Metals Limited (ASX:BIM) completed the acquisition of an 80 percent stake in Schryburt Lake REE-Nb-Zr Project in northern Ontario from Trent Potts, Gold Resources Pty Ltd, Reefs Secret Pty Ltd and David Palumb on August 22, 2023. New Risk • Aug 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$5.64m market cap, or US$3.65m). Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Duyuru • Jun 06
Bindi Metals Limited (ASX:BIM) entered into an agreement to acquire Lark Resources Pty Ltd from Eddie King for AUD 0.02 million. Bindi Metals Limited (ASX:BIM) entered into an agreement to acquire Lark Resources Pty Ltd from Eddie King for AUD 0.02 million on June 6, 2023. Lark Resources is sole beneficial owner of EPM 28005 and EPM 28063. Duyuru • Jan 23
Bindi Metals Limited Announces Extensive Mineralisation and Large Scale Target At Biloela Bindi Metals Limited announced that has received all assays from the Biloela Project with encouraging results. The RC drill program at the Biloela Project included 20 reverse circulation (RC) holes for 2,375 m of drilling in late 2022. The program targeted outcropping vein hosted mineralisation at Flanagan's and Great Blackall. RC Drilling Results:- Flanagan's Prospect Drilling intersected extensive gold and copper mineralisation for over 1 km of >0.1 g/t Au in quartz veins in shallow drilling Grades of up to 6.0 g/t Au, 22.9 g/t Ag and 3.8 % Cu at Flanagan's Mineralisation is open in all directions Vein textures indicated mesothermal type of quartz vein system Selected results from drilling at Flanagan's include: 2m @ 3.0 g/t Au, 2.0 % Cu, 3.7 g/t Ag from 21m including 1m @ 6.0 g/t Au, 3.5% Cu, 6.9 g/t Ag in BIM011 and 1m @ 5.1 g.t Au, 0.2 % Cu, 1.7 g/t Ag from 96m also in BIM011 2m @ 2.3 g/t Au, 0.3% Cu, 3.1 g/t Ag from 15m including 1m @ 4.6 g/t Au, 0.1 % Cu, 5.8 g/t Ag in BIM016 4m @ 0.3 g/t Au, 1.1 % Cu, 6.0 g/t Ag from 9m including 1m @ 1.2 g/t Au, 3.9 % Cu, 22.9 g/t Ag in BIM010 Drilling at Great Blackall extended the known areas of mineralisation to 500m that is open along strike and down dip. Selected results from drilling at Great Blackall include: 9m @ 0.2 g/t Au, 0.4% Cu, 3 g/t Ag from 28m including 2m @ 0.5 g.t Au, 1.2% Cu, 9 g/t Ag, 0.1% W The rationale of the new targeting work focuses on 3 geological parameters typical of worldwide examples of large, intrusive-related copper-gold deposits. These are: 1. 3D magnetic modelling: since large intrusion-related systems like Bajo De La Alumbrera are characterised by very large magnetite-pyrite haloes. 2. Downhole Sr/Y vs Y Ratios: since these are important fertility index indicators (high Sr/Y is fertile) again for large intrusion related systems for example the world-class copper-gold Los Pelambres deposit in Chile and El Indio gold deposit both in Chile. 3. Soil Geochemistry Ti/Li Ratios: since these ratios are also commonly used as important alteration index indicators for large the world-class deposits such as the giant El Teniente copper deposit in Chile. Duyuru • Nov 23
Bindi Metals Limited Completes Maiden Drill Program at the Biloela Copper Gold Project Bindi Metals Limited announced that its maiden RC drilling program at the Biloela Project has been successfully completed with initial visual results providing encouragement while awaiting assay results. 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 Metals recently completed drilling in its maiden RC program at the Biloela Project. Theprogram included 20 RC holes for 2,375 m of drilling running from September to November. Drilling focused on the Flanagans > 1.5 km copper-gold soil anomaly with up to 13 g/t Auand 5% Cu in rock chips and the > 500 m extension of the Great Blackall prospect with historical drilling of 12m @ 1.8 % copper, 0.45 g/t gold including 2m @ 9.4 % copper and 2.1g/t gold. The extension is a > 500m highly anomalous copper-gold in soils zone with historical shafts located on the prospect area. Drilling intersected a number of potentially shallow mineralised zones at Flanagans and Great Blackall and within some of these zones, visual evidence of copper (and possibly gold) mineralisation is evident in RC drill chips in the shallow weathered zone of thesystem. Drilling at the Flanagans prospect intersected a near-surface potentially mineralised zone over a strike of 800 m that was identified by quartz and oxidised copper minerals (malachite and azurite) with visual estimates ranging from 1 to 10% malachite/azurite. This potentially shallow mineralised zone is open east, west and down dip. At Great Blackall North drilling intersected shallow zones of minor malachite and quartz with gossan in BIM005 and BIM020 that included a zone of up to 3% chalcopyrite. This shallow zone intersected in drilling has a potential strike of 400 m that is open west, east and down dip. Several of these zones have been selected for priority rushed assays and expect results soon. Due to limitations of the RC drill rig that could only drill down to a maximum depth of 169 m, company were not able to test some of the deeper porphyry drill targets during this program. However, the program has successfully defined the trend of shallow mineralisation that will assist deeper targeting in 2023. Duyuru • Sep 30
Bindi Metals Limited, Annual General Meeting, Nov 24, 2022 Bindi Metals Limited, Annual General Meeting, Nov 24, 2022. Agenda: To consider election of directors. Duyuru • Sep 26
Maiden Drill Program to Test High Priority Copper Gold Targets At Biloela Project in Queensland 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. Duyuru • Sep 08
Bindi Metals Limited Announces Results of Drone Magnetics Survey Program on the Biloela Project 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. Duyuru • Jul 20
Bindi Metals Limited Announces Biloela High-Grade Copper Gold in Rocks and Impressive Soils Indicates Large Scale Cu Au System Potential Bindi Metals Limited announced assay results of a recent soil and rock chip sampling program completed on the Biloela Project. Assay results have now been recently received from a total of 551 soil and 22 rock chip samples from key prospects that were collected by Bindi at the Biloela Project earlier this year. Recent assayed rock chip sampling by Bindi geologists has confirmed the high-grade nature of copper-gold mineralisation across the Project with up to 13.4 g/t gold, 100 g/t silver and 5.1 % copper at Flanagan's (Photo 1A), 9.8 g/t gold, 179 g/t silver and 12.1 % copper at Great Blackall and a newly identified area at Quartz Ridge with up to 2.9 g/t gold, 89 g/t silver and 0.8% copper. Historical sampling nearby also returned up to 12.2 g/t gold and 4.3 % copper at Quartz Ridge indicating yet another highly mineralized undrilled prospect. It is also important to note incredibly elevated pathfinder metals such as bismuth up to 711 ppm and molybdenum up to 120 ppm that are very typical of intrusive related systems. Eight new high priority target areas have been identified in the new soil data. The new soil data has identified a very large, circular core zone over 2 km by 2 km of highly elevated copper and gold anomalism that is a typical surface expression of a buried porphyry copper-gold system. The trend of the newly identified copper-gold anomalies in the soil data have an excellent correlation to assay results of mineralised outcrop that Bindi recently collected and historical rock chip data across the project. This includes the high priority Flanagan's East target that extends 1200 m long, 600 m wide and is open to the east with an average grade of 25 ppb gold and up to 134 ppb gold along the strike of the anomaly. These results are highly anomalous and considered to be incredibly elevated for the ultra-fine fraction, trace element technique. This anomaly is also coincident with highly elevated copper-in-soil above 150 ppm copper and up to 1,245 ppm copper over 1km of strike. Limited historical rock sampling on this trend returned 0.2 g/t gold and 0.3% copper on the outer zones of this high priority anomaly. However, the peak of the gold and copper anomalies have not yet been mapped or rock chip sampled. The Flanagan's East anomaly is interpreted to be the easterly extension of the > 1,500 m by 180 m of strike of high-grade outcropping copper-gold mineralisation at Flanagan's. Overall, this represents a target with > 2.7 km of highly elevated, copper-gold anomalism that has never been drill tested and is open to the east. A second high priority target identified at Flanagan's South-East is an extension of the Flanagan's trend with highly elevated soils extending 1200 m long by 200 m wide with limited historical rock chip samples returning 0.2 g/t gold and 0.4 % copper. This trend is also open to the east and has never been drilled. Soil data north of the Great Blackall prospect indicates a significant extension north of the known mineralisation by 550 m of strike with highly anomalous copper zone of >300 ppm copper and >5ppb gold (up to 32ppb Au). The overall trend at Great Blackall now extends for 1km. The new anomaly indicates potential to extend known mineralisation where historical drilling at Great Blackall returned 12m at 1.8 % copper, 0.45 g/t gold including 2m at 9.4 % copper and 2.1 g/t gold. A new prospect area has been identified at Scoria in the soil data with anomalous copper > 120 ppm and gold > 5ppb over 2 km of strike with coincident bismuth-molybdenum-potassium anomalies in the soil data. Historical rock chip sampling at this prospect returned up to 3.0 % copper and 2.0 g/t gold, 800 m apart. Duyuru • Jun 29
Bindi Metals Limited Announces Board Changes Bindi Metals Limited appointed Ariel (Eddie) King as Director, Henry Renou as Director and Cameron McLean as Director. Date of appointment is 27 May 2021.