Bindi Metals Confirms Bonanza-Grade Gold Corridor at Ravni, Serbia, Prepares for Drilling

Bonanza-Grade Gold Defines Large Epithermal System

Bindi Metals (ASX:BIM) has delivered a compelling update from its Ravni Project in southwestern Serbia, confirming a substantial epithermal gold system stretching over a 3 km corridor between the Drenjak and Rujak prospects. The standout highlight is bonanza-grade gold mineralisation at Drenjak, where channel sampling returned an exceptional 6 metres at 15.3 g/t gold, including a 2-metre interval grading 45.6 g/t. Rock chip samples from the area have yielded spectacular assays up to 87.2 g/t, reinforcing the presence of a high-grade core within the system.

Approximately 3 km north at Rujak, the mineralisation shifts to broader gold-silver zones, with channel sampling revealing 16 metres at 1.4 g/t gold and 6.7 g/t silver, including higher-grade sub-intervals. This zonation suggests different erosion levels across the system, with Rujak representing a higher structural level and Drenjak exposing the bonanza-grade core at surface.

Soil Anomalies Expand Exploration Footprint

The company’s systematic soil geochemistry program, covering around two-thirds of the 30 km² Ravni licence, has delineated continuous gold anomalies linking Drenjak and Rujak. Notably, the soil data define a 3 km long corridor with significant anomalies measuring 1.6 km by 0.8 km at Drenjak and 1.9 km by 0.7 km at Rujak. Additional large-scale anomalies at Bucje (1.6 km × 1.5 km) and Bukovica (1.8 km × 1.8 km) have emerged as new high-priority targets, associated with intrusive diorite bodies that may host mineralisation.

The scale and coherence of these anomalies, combined with the high-grade surface results, underscore the potential for a large-scale epithermal system consistent with major deposits in the Tethyan Metallogenic Belt. The Ravni Project sits within the prolific Kopaonik Metallogenic Zone, a region known for significant gold and polymetallic deposits such as the 8.6 million-ounce Rogozna Gold deposit located 40 km south.

Geophysical Survey and Drilling Plans Progress

Bindi has completed an induced polarisation (IP) geophysical survey over key prospects, with modelling and interpretation underway to refine drill targets. The company has substantially agreed commercial terms with a preferred drilling contractor and confirmed mobilisation capability, pending final contract execution and land access permits. CEO Mark Freeman emphasised the rapid progress, noting that "we are now moving rapidly toward our maiden drill program, which we expect will be a key catalyst in advancing Ravni." This follows regulatory approval and ongoing land access agreements reported earlier this year, with drilling expected to commence shortly after permitting is finalised.

The exploration approach at Ravni is systematic and data-driven, combining historical data with new surface sampling and geophysics to prioritise drill targets. While no drilling assays have yet been reported, the company’s recent activity, including the drilling approval and historic core resampling, sets the stage for a potentially transformative phase of exploration.

Early-Stage Exploration with Significant Upside Potential

The Ravni Project remains in an early exploration phase, with insufficient drilling to define true widths or establish a mineral resource. The reported surface and soil sampling results provide a strong foundation but carry inherent uncertainty until drill testing confirms continuity and grade at depth. The geological setting, featuring epithermal veins hosted in Miocene intrusions and volcanic units, aligns with other major deposits in the region, reinforcing the prospectivity.

With high-grade gold at surface, extensive soil anomalies, and geophysical data guiding drill targeting, Bindi Metals is well-positioned to unlock further value at Ravni. The upcoming maiden drilling program will be a critical test of the system’s scale and grade, potentially reshaping the company’s exploration narrative and investor interest.