What is the significance of the maiden drilling program at Ravni for Bindi Metals (ASX:BIM)?

Bindi Metals has commenced its first-ever modern, systematic diamond drilling campaign at the Ravni Gold Project in Serbia. This transition from surface sampling to subsurface testing is a critical "de-risking" step for the company.

What are the specific drilling targets for Bindi Metals (ASX:BIM) in Serbia?

The 2,000-metre diamond drilling programme is primarily focused on two high-priority targets: Drenjak and Rujak. These areas were selected based on strong surface mineralisation and geophysical anomalies.

What were the previous high-grade results at the Drenjak target?

Prior to this drilling campaign, Bindi Metals reported exceptional surface channel samples at Drenjak, including 6m @ 15.3 g/t Au. Within that interval, a standout section returned 2m @ 45.6 g/t Au.

How does the Rujak target differ from the Drenjak target for Bindi Metals?

While Drenjak shows very high-grade "pockets," Rujak has demonstrated a broader mineralised footprint with results such as 16m @ 1.4 g/t Au and 6.7 g/t Ag. This suggests that the Ravni project may host both high-grade veins and larger, bulk-tonnage style mineralisation.

Why is the Raska Mining District important for Bindi Metals (ASX:BIM) investors?

The Raska Mining District in Serbia is part of the Tethyan Belt, a world-class geological region known for major gold and copper deposits. By securing a position here, Bindi Metals is exploring in a "proven" neighbourhood.

Bindi Metals commences maiden drilling at Serbian gold project

Written by Heidi Cuthbert Published May. 12 2026Last Updated May. 12 2026

Bindi Metals (ASX:BIM) mobilised for its maiden diamond drilling campaign at the Ravni Gold Project, marking a shift into systematic exploration within Serbia’s highly prospective Raska Mining District.

The initial phase, spearheaded by CEO Mark Freeman, is designed to test a mineralised system that the company believes holds the potential to emerge as a major discovery within the renowned Tethyan Belt.

The programme involves 2,000m of diamond drilling focused primarily on the Drenjak and Rujak targets.

The locations were prioritised following exceptional surface results, including a high-grade channel sample at Drenjak measuring 6m @ 15.3 g/t Au, which featured a standout interval of 2m @ 45.6 g/t Au.

At Rujak, sampling previously identified 16m @ 1.4 g/t Au and 6.7 g/t Ag, suggesting a broad and robust mineralised footprint.

The technical team is particularly encouraged by the geological synergy at Ravni; the high-grade surface mineralisation is coincident with extensive soil anomalies and strong IP chargeability-resistivity signatures.

The indicators span a significant 2km corridor, hinting at a large-scale system beneath the surface.

The maiden programme will provide the first modern, systematic subsurface testing of both high-grade vein potential and the broader scale mineralisation.

With drilling operations currently underway, Bindi Metals expects to conclude this phase of the programme by the end of June.