How Will Bindi Metals’ Maiden Drilling Unlock Ravni’s Hidden Gold Potential?

Regulatory Green Light for Drilling

Bindi Metals Limited (ASX: BIM) has received formal approval from the Serbian Ministry of Mining and Energy to proceed with its maiden drilling program at the Ravni Gold Project, located in the highly prospective Kopaonik Metallogenic Zone of southwestern Serbia. This regulatory clearance marks a significant milestone, enabling the company to transition from surface exploration to subsurface testing, subject to finalising land access agreements with private and government landholders.

Geophysical Survey to Refine Targets

In parallel with securing drilling approval, Bindi is mobilising an induced polarisation (IP) survey designed to identify chargeability and resistivity anomalies that may indicate sulphide mineralisation associated with epithermal veins at depth. The initial program covers approximately 10 line kilometres and is expected to run for two weeks, with results anticipated within a month. These geophysical insights will be critical in refining drill targets and optimising the maiden drill campaign.

Historic Core Resampling Offers New Insights

Adding to the momentum, Bindi has relogged and resampled historic diamond drill core from a 2008 hole at the Drenjak prospect, which had not previously been assayed. Geological logging confirms the presence of sulphide-bearing epithermal veining consistent with surface mineralisation, though the economic significance remains to be determined pending assay results expected in six to eight weeks. Notably, the historic hole was shallow and may have intersected only one vein set within a broader system, underscoring the need for systematic drilling to test multiple vein targets.

Corporate Restructure Enhances Control

To support operational efficiency and regulatory compliance, Bindi has completed a corporate restructure of its Serbian subsidiary, Red Creek d.o.o., which holds the Ravni exploration licence. This restructure formalises Bindi’s equity ownership and governance control, aligning the subsidiary’s management with the company’s ASX governance standards and reducing structural risks as the project advances.

Next Steps and Market Outlook

Over the coming months, Bindi Metals will focus on interpreting assay results from historic core and surface sampling, completing the IP survey analysis, finalising land access agreements, and preparing for the commencement of Phase One drilling. The company’s disciplined, data-driven approach aims to systematically test the epithermal vein architecture and unlock the project’s potential. Investors and analysts will be watching closely for assay outcomes and geophysical data that could validate the project’s economic prospects.