Bindlemoor Tank update, Quambaroo Metals

Quambaroo Metals provides this update on its Bindlemoor Tank gold project in Queensland.

The raise was supported by existing and new investors. Proceeds of the $5 million placement will be applied to exploration across the company's Queensland tenements. Funds will be applied over the next twelve months.

This announcement was approved for release by the board of Quambaroo Metals.