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Bindi Metals Limited (ASX:BIM)

ALERT: Price-sensitive ASX Announcement for BIM
Current share price for BIM : $0.110 -0.015 (-12%)+
Announcement
Release
28 Jul 2026 6:06PM
Price at Release
$0.125
Full Release
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Summary
Bindi Metals Limited's quarterly report for the period ending 30 June 2026 highlights their continued exploration efforts, notably the completion of their maiden diamond drilling program at the Ravni Gold Project in Serbia. Despite initial challenges, the drilling program significantly advanced their geological understanding of the area. Financially, the company reported a cash balance of $1.68 million, with exploration expenses primarily focused on Serbia amounting to $1.109 million. Payments to related parties totaled $84,000 during the quarter. Bindi Metals is active in multiple international locations, including Australia and Canada, and plans further exploration and analysis in the next quarter.
Key Points
  • Bindi Metals Limited conducted a diamond drilling program at the Ravni Gold Project in Serbia.
  • The company completed 13 diamond drill holes totaling approximately 2,100 meters across several prospects.
  • Drilling faced challenges due to ground conditions but improved with a change in drilling contractor.
  • Payments to related parties totaled $84,000 as reported in their quarterly cash flow report.
  • The company ended the quarter with a cash balance of $1.68 million.
  • Exploration and evaluation expenditure for the quarter was $1.109 million, primarily for the Ravni Gold Project.
  • Bindi Metals has projects in Australia, Canada, and Serbia with varying interests and exploration activities.
  • The company plans to continue exploration and geological interpretation in the upcoming quarter.
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.