InvestSMART

Bindi Metals Limited (ASX:BIM)

ALERT: Price-sensitive ASX Announcement for BIM
Current share price for BIM : $0.090 -0.03 (-25%)+
Announcement
Release
3 Jun 2026 10:47AM
Price at Release
$0.120
Full Release
download
Summary
Bindi Metals Limited announced the ongoing drilling activities at the Ravni Project in Serbia, focusing on the Drenjak prospect. The drilling targets high-grade gold mineralization and IP anomalies, with initial results showing broad hydrothermal systems characterized by strong silica alteration and sulphide development. Although assays are pending, the presence of disseminated sulphides and brecciation are promising indicators of prospective mineralization. The project is strategically located in a mineral-rich district, with Bindi Metals aiming to secure up to an 80% interest in the project. The exploration covers approximately 30 km² in a region known for significant deposits.
Key Points
  • Drilling is underway at the Drenjak prospect targeting high-grade gold mineralisation and IP anomalies.
  • Encouraging visual sulphide in drill core from target zones in drilling at Drenjak.
  • The Ravni Project is located in the Kopaonik Metallogenic Zone in Serbia.
  • Bindi Metals Limited is earning up to an 80% interest in the Ravni Project.
  • The project comprises approximately 30 km² of tenure in a mineral-rich district.
  • Initial drilling intersected a broad hydrothermal system with extensive silica alteration and sulphide development.
  • Key geological observations include brecciation, silica alteration, and disseminated sulphides.
  • No drill assay results have been reported yet; assays are pending.
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.