Bindi Metals has expanded its Biloela project through acquisition of a neighbouring tenement holder as recent rock sampling returns high-grade copper and gold hits.

Bindi has entered into an agreement to acquire 100 per cent of the issued capital of Lark Resources, the holder of EPM 28063 and EPM 28005 – taking its Biloela project ground to a total of 456.2sq km.

The news came as the company released results from a regional targeting study on tenements surrounding the central Flanagan’s exploration licence.

The study identified two major prospect areas only a few kilometres on strike from the Kroombit copper-zinc deposit (held by Argonaut Resources).

Bindi said assays from the program returned exceptional results, with a 40m outcropping copper zone at Tea Tree with up to 6.1 per cent copper and 6.9 g/t gold and high-grade copper results at Old Kroombit of up to 8.0 per cent.

The high-grade copper-gold prospects at Tea Tree and Old Kroombit have never been drill tested.

“The results from our recent regional mapping program have returned exceptional results particularly for copper from the regional tenements surrounding the central Flanagan’s licence,” Bindi Metals executive director Henry Renou said.

“These results further enhance the regional potential of the Biloela project and highlight the prospectivity for green energy metals of the tenement package.

“We are highly encouraged by the potential of the Biloela project and excited by the great start to the field season.

“Copper is essential to the green energy transition and the manufacturing of electric vehicles and the copper-REE exploration strategy Bindi has in place will leverage the high demand for these metals.”

The Biloela project is located 40km west of the Mount Cannindah project and 100km north of Evolution Mining’s Mount Rawdon mine.