Bindi Metals Uncovers Large-Scale Gold Targets at Ravni, Secures Canadian Farm-Out

Ravni Gold Project Acquisition and Early Exploration

Bindi Metals Limited (ASX, BIM) has marked a pivotal quarter with the acquisition of the Ravni Gold Project in Serbia, a region known for its rich mining history and proximity to the Tier 1 Rogozna copper-gold deposit. Early exploration activities, initiated shortly after acquisition, have confirmed the presence of a large-scale epithermal gold-silver system. This discovery is underscored by multiple high-priority targets emerging across the 30 square kilometre licence area.

Systematic surface mapping and a comprehensive rock chip sampling program have been central to this progress. Initial trenching results are promising, including a 5-metre intersection grading 15 grams per tonne of gold, with further assay results expected soon. These findings suggest that the Ravni project holds significant potential for high-grade mineralisation.

Advancing Exploration Techniques and Targeting

Complementing the surface work, Bindi Metals completed a regional soil geochemistry program comprising 746 samples, designed to delineate geochemical anomalies and refine drill targets. The results, anticipated within the next eight weeks, will feed into a planned induced polarisation (IP) geophysical survey spanning 10 line kilometres. This IP survey aims to detect subsurface sulphide mineralisation and epithermal structures, critical for identifying drill-ready targets.

Permitting for the maiden drill program is underway, with positive engagement from local landholders and authorities. The integration of geological, geochemical, and geophysical data is expected to finalise drill pad locations, setting the stage for a potentially transformative exploration phase in the March quarter.

Strategic Farm-Out of Canadian Schryburt Lake Project

In parallel with its Serbian activities, Bindi Metals has entered a binding farm-out agreement with Canamera Energy Metals Corp for its Schryburt Lake Project in Ontario, Canada. Under this deal, Canamera can earn up to a 90% interest by meeting staged exploration expenditure milestones, while Bindi retains a free-carried interest, mitigating near-term funding requirements yet preserving upside exposure.

The agreement has already delivered upfront consideration to Bindi, including $25,000 in cash and 250,000 Canamera shares. Canamera will operate the project during the earn-in period, advancing exploration and permitting efforts. This strategic partnership allows Bindi to focus resources on its core projects while maintaining a foothold in a promising Canadian jurisdiction.

Corporate Developments and Financial Position

The quarter also saw the appointment of Mark Freeman as Chief Executive Officer, bringing extensive experience in resource project development and capital markets. His leadership is expected to accelerate Bindi’s exploration strategy and corporate governance as the company transitions into a more active phase.

Financially, Bindi Metals remains well-positioned with a cash balance of approximately AUD 3.45 million at quarter-end, supporting ongoing exploration and corporate activities. Exploration expenditure for the quarter was AUD 131,000, reflecting a disciplined approach to advancing its portfolio.

Looking ahead, the market will be watching closely for assay results from the Ravni project’s rock chip and soil samples, the commencement of the IP survey, and progress on drill permitting. These developments will be critical in defining the next steps for Bindi Metals’ growth trajectory.