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Bindi Metals Limited (ASX:BIM)

ALERT: Price-sensitive ASX Announcement for BIM
Current share price for BIM : $0.095 -0.04 (-29.63%)+
Announcement
Release
12 May 2026 8:21AM
Price at Release
$0.135
Full Release
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Summary
Bindi Metals Limited has commenced a maiden diamond drilling program at the Ravni Gold Project, located in the highly prospective Kopaonik Metallogenic Zone within the Raska Mining District of Serbia. The project covers about 30 km² and includes the Drenjak and Rujak sites, where 2,000 meters of drilling will test high-priority targets. The program aims to explore the high-grade vein potential and broader mineralized system evidenced by previous high-grade surface results and coincident IP chargeability anomalies. Bindi Metals is targeting completion of the drilling by the end of June 2026, with assay results expected 6 to 8 weeks thereafter. The project is strategically positioned in a region known for significant gold and polymetallic deposits.
Key Points
  • Diamond drilling has commenced at the Ravni Gold Project in Serbia.
  • The project is located in the Kopaonik Metallogenic Zone within the Raska Mining District.
  • Bindi Metals is earning up to an 80% interest in the project.
  • 2,000 meters of drilling is planned to test mineralisation at Rujak and Drenjak.
  • High-grade surface gold results and extensive soil anomalies are present.
  • Drilling is expected to be completed by the end of June 2026.
  • The project area covers approximately 30 square kilometers.
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.