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Bindi Metals Limited (ASX:BIM)

ALERT: Price-sensitive ASX Announcement for BIM
Current share price for BIM : $0.090 -0.045 (-33.33%)+
Announcement
Release
30 Apr 2026 10:23AM
Price at Release
$0.135
Full Release
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Summary
Bindi Metals Limited has reported progress in its Quarterly Activities Report for the period ending 31 March 2026. Key highlights include the confirmation of high-grade gold mineralization at the Ravni Gold Project in Serbia, where channel sampling and rock chip sampling have shown significant gold grades, including a bonanza-grade of 6m @ 15.3 g/t Au. The project, located within the Tethyan Metallogenic Belt, continues to advance towards drilling readiness with agreements in place with a preferred drilling contractor. Financially, Bindi Metals maintains a strong position with a cash balance of $2.898 million at the end of the quarter. The company is also evaluating strategic options for its Biloela Project in Australia and holds a free carried interest in the Schryburt Lake Project in Canada following a farm-out agreement.
Key Points
  • Bonanza-grade gold confirmed at Ravni Gold Project.
  • High-grade gold mineralization across 3 km trend at Ravni.
  • Rock chip sampling returned grades up to 87.2 g/t Au.
  • IP survey completed to refine drill targets at Ravni.
  • Preferred drilling contractor selected for upcoming drill program.
  • Cash balance at quarter end was $2.898 million.
  • No material activities at Schryburt Lake Project post farm-out.
  • Ongoing evaluation of Biloela Project in Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.