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Quarterly Activities Report for the Quarter Ending December 31, 2023


HIGHLIGHTS

  • Independent targeting study at Schryburt Lake confirms the large scale potential of the high priority REE-Nb drill targets identified

  • Drill permitting progressing well at Schryburt Lake with negotiations between Bindi and First Nations ongoing

  • Biloela Project – porphyry Cu-Au targets defined at the Tea Tree prospect with extensive Cu-Au soil anomalies and outcropping mineralisation

  • Resampling of historic trenches at Tea Tree returned 25m at 1.3 g/t Au and 1.5% Cu including 4m at 6.9 g/t Au and 4m at 6.1% Cu ● Cash balance of A$1.2M at the end of December 2023 Quarter

  • Experienced company director Mr Steven Formica appointed as Non-Executive Director



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RARE EARTHS & COPPER

MARKET INTELLIGENCE

Making high impact copper discoveries in Eastern Australia’s worldclass porphyry copper belts and rare earths discoveries in Canada’s most endowed rare earth terrain and globally one of richest and most prospective rare earth belts

Rare Earths

Neodymium-Praseodymium (NdPr) are critical to the manufacture of rare earth permanent magnets. NdPr magnets vital to Electric Vehicles (EV), wind turbines and everyday electronics. Market growth for NdPr oxides to increase at 10 % CAGR  during the 2020 to 2030 period

 

Copper

The global market for Copper estimated at US$170.6 Billion in the year 2022, is projected to reach a revised size of US$298.4 Billion by 2030, growing at a CAGR of 7.2% over the period 2022-2030

The company is strategically exploring for copper and rare earths in teir-1 jurisdictions to meet this demand and believes exploration successes will create a highly valuable company

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    Registered Office

    Level 8, London House,
    216 St Georges Terrace,
    Perth WA 6000

     

    Phone

    +61 8 9481 0389

     

    Email

    info@bindimetals.com.au

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