Bindi Metals Limited (ASX: BIM) — Maiden Drilling Intersects Broad Alteration System with Sulphides at Drenjak, Serbia

3 June 2026

Price Sensitive Announcement $

Highlights:

• Maiden drilling at the Drenjak Prospect at Bindi’s Ravni Project in Serbia is targeting high-grade gold mineralisation, including surface results of 6m @ 15.3g/t Au, and associated IP anomalies
• Initial drilling has intersected a broad hydrothermal system characterised by extensive silica alteration, quartz veining, brecciation and sulphide development across multiple intervals and multiple drill holes
• Disseminated sulphides, locally increasing to semi-massive sulphide textures, have been observed within zones of strong silica alteration and quartz veining — considered positive geological indicators consistent with the Company’s surface-defined geological model
• Host rocks intersected to date include diorite, andesite, breccia and listwanite with widespread silica, chlorite, limonite and clay alteration
• Rush assays have been submitted to ALS Bor from selected sulphide-bearing and strongly altered intervals, with results expected within 2–3 weeks
• Drilling to continue at Drenjak with scout holes planned along strike to the west, plus additional drilling planned at the Rujak prospect as the program progresses
• The maiden program targets 2,000m of diamond drilling across Drenjak, Drenjak West, Rujak and Rujak North prospects

Overview:

Bindi Metals has provided an encouraging update from its maiden drilling program at the Ravni Project in Serbia, with drilling at the Drenjak Prospect intersecting a broad and consistent hydrothermal system across multiple holes that correlates well with surface mapping, IP chargeability anomalies and historical underground workings.

Key intersections to date include brecciated diorite with disseminated to semi-massive sulphide development from 31–37m in hole RAV26001, a broad zone of intense silica alteration with quartz veining and disseminated sulphides from 45–60m in the same hole, and extensive brecciation and strong silica alteration with sulphide development across two separate intervals from 31–68m in hole RAV26003. While assays remain pending, the scale and consistency of the alteration system and its strong correlation with IP anomalies and historical workings has encouraged the Company.

Bindi’s CEO Mark Freeman noted the program is focused on understanding the geometry and scale of the mineralised system rather than drawing early conclusions, with rush assays submitted from priority intervals expected to provide the first grade data within 2–3 weeks. Routine assay results are expected within 6–8 weeks.

Next steps include continuing drilling at Drenjak, assessing additional targets at Drenjak West, Rujak and Rujak North, and refining geological interpretations and follow-up drill targeting as results come to hand.

About Bindi Metals Limited (ASX: BIM):

Bindi Metals is an ASX-listed gold exploration company advancing its Ravni Project in Serbia, targeting high-grade orogenic gold mineralisation across multiple prospects including Drenjak, Drenjak West, Rujak and Rujak North. The Company’s current maiden 2,000m diamond drilling program represents the first systematic drill testing of a system defined by high-grade surface gold results and compelling IP geophysical anomalies.

Full ASX Announcement: BindiMetalsFullASXAnnouncement