Bindi Metals Confirms Bonanza-Grade Gold Corridor at Ravni, Advances Drilling Plans

Bonanza-Grade Gold Defines Ravni’s High-Grade Core

Bindi Metals Limited (ASX:BIM) has delivered compelling evidence of bonanza-grade gold mineralisation at its Ravni Gold Project in Serbia, with channel sampling at the Drenjak prospect returning 6 metres at 15.3 g/t Au, including a standout 2 metres at 45.6 g/t Au. Rock chip sampling further confirmed the intensity of mineralisation with assays as high as 87.2 g/t Au, underscoring a robust high-grade core within an epithermal quartz vein system. These results position Ravni as a highly prospective gold project within the prolific Tethyan Metallogenic Belt.

The mineralisation at Drenjak is hosted in altered diorites and listwanites, consistent with the Oligocene-aged epithermal deposits known in the region. The distribution of high-grade samples over a 1 km strike length highlights a significant target for upcoming drilling.

Expanding Mineralised Corridor Between Drenjak and Rujak

Approximately 3 km north, the Rujak prospect reveals broad zones of gold-silver mineralisation, with channel sampling delineating 16 metres at 1.4 g/t Au and 6.7 g/t Ag, including higher-grade intervals of 2 metres at 7.7 g/t Au and 35.8 g/t Ag. Rock chip assays at Rujak also yielded elevated values, including 12.1 g/t Au and 181 g/t Ag, indicating a different epithermal style that may represent a preserved bonanza zone at depth.

Regional soil geochemistry has been instrumental in defining a continuous 3 km gold anomaly corridor linking Drenjak and Rujak, significantly expanding the footprint of the mineralised system. Additional targets at Bucje and Bukovica have emerged from this work, suggesting district-scale potential beyond currently mapped zones. This large-scale anomaly corridor is consistent with a major epithermal system and supports the case for an extensive mineralising event in the area.

Geophysical Survey and Drilling Readiness

Complementing the geochemical and sampling programs, an Induced Polarisation (IP) geophysical survey was completed across the priority prospects during the quarter. The data is currently being modelled to refine drill targets, integrating geological and geochemical inputs for a targeted maiden drill campaign.

Bindi Metals has substantially agreed commercial terms with a preferred drilling contractor, confirming mobilisation capability pending final contract execution. Land access negotiations and baseline environmental sampling continue to progress, paving the way for drilling to commence once permits are in place. This builds on the regulatory approvals and project governance milestones achieved earlier in the year, as detailed in the company’s previous drill program approval and bonanza-grade corridor announcements.

Portfolio Overview and Financial Position

Outside Serbia, Bindi Metals continues to assess its Australian Biloela Project for copper-gold and critical minerals potential, while its Canadian Schryburt Lake Project remains farmed out, providing exposure without near-term funding obligations. The company reported a cash balance of $2.898 million at quarter-end, with exploration expenditure of $345,000 for the period, maintaining a solid financial footing to support ongoing activities.

Payments to related parties during the quarter totalled $68,000, covering director fees and consulting costs. No mining production or development activities occurred during the quarter, consistent with the company’s focus on exploration advancement.