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Bindi Metals Limited (ASX:BIM)

ALERT: Price-sensitive ASX Announcement for BIM
Current share price for BIM : $0.070 -0.03 (-30%)+
Announcement
Release
3 Aug 2026 9:09AM
Price at Release
$0.100
Full Release
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Summary
Bindi Metals Limited has announced a binding agreement with Jacaranda Natural Resources Pty Ltd to sell a 100% interest in the Biloela Project, located in central Queensland. The transaction involves a non-refundable $40,000 cash exclusivity fee, up to $900,000 in Jacaranda shares contingent on milestone achievements, and a 2% net smelter return royalty. The project sale will enable Bindi to focus on its Ravni Gold Project. The transaction is subject to conditions including shareholder approval under ASX Listing Rule 11.4.
Key Points
  • Bindi Metals Limited enters binding agreement with Jacaranda Natural Resources.
  • Sale of Biloela Project for a total consideration of up to $900,000 in shares and additional royalties.
  • Non-refundable $40,000 cash exclusivity fee received by Bindi.
  • Biloela Project is located in central Queensland, prospective for copper-gold.
  • Transaction allows Bindi to focus on the Ravni Gold Project.
  • Completion subject to shareholder approval under ASX Listing Rule 11.4.
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.