reformat.Error: External table is not in the expected format. While connecting to xlsb file.

Hello,

I am try to query a data using Power Query from a SharePoint folder which contains a Excel file in XLSB format. When i try to click on the Binary and expand the below error comes up:

DataFormat.Error: External table is not in the expected format.
Details:
de4fb2e6-210a-4610-9ea3-b5138919d41e.XLS

I am the Site collection admin for the SharePoint site so access should not be a issue. 

The excel i am trying to connect contains other sheets which are protected. but the sheet that i am quering is not protected.