Bindi Metals Ltd (ASX:BIM) Primary Land Access Secured: Maiden Drilling to Commence in May at Ravni High-Grade Gold Zones

29 April 2026

Price Sensitive Announcement $

Highlights:

• Primary land access secured across priority drilling locations
• Maiden drilling program planned to commence in May 2026
• Initial program targeting approximately 2,000 metres of diamond drilling
• Company fully funded to complete the planned drilling program
• Extensive gold mineralisation defined across a ~3km corridor between Drenjak and Rujak
• Bonanza-grade channel sampling at Drenjak: 6m @ 15.3 g/t Au including 2m @ 45.6 g/t Au
• High-grade rock chip results up to 87.2 g/t Au, 48.7 g/t Au and 46.3 g/t Au
• Broad mineralised zones at Rujak: 16m @ 1.4 g/t Au including 2m @ 7.7 g/t Au
• Large-scale soil anomalies confirming system scale, including:

  o 1.6 km × 0.8 km at Drenjak
  o 1.9 km × 0.7 km at Rujak

Overview:

Bindi Metals Limited has updated on preparations for its maiden drilling program at the Ravni Project in Serbia, with primary land access now secured across key target areas.

Land Access Secured

The Company confirms that it has now secured primary land access across key drilling areas at Drenjak and Rujak, as well as several other regional targets, through executed agreements with local landowners and SrbijaŠume, the Serbian state forestry authority.

These agreements provide full access rights for drilling activities, including drill pad construction and access routes, and represent a key milestone in advancing the Project toward drilling.

Drilling Program

The maiden drilling program has been designed to test multiple high-priority targets at Drenjak and Rujak and several other scout drilling targets (Figures 1-3) focusing on (refer to ASX Announcement 15 April 2026):

• High-grade surface mineralisation at Drenjak with channel sampling results of 6m @ 15.3 g/t Au including 2m @ 45.6 g/t Au and 87.2 g/t Au, 48.7 g/t Au and 46.3 g/t Au in rock chips
• Broad mineralised zones at Rujak with channel sampling results of 16m @ 1.4 g/t Au, 6.7 g/t Ag including 2m @ 7.7 g/t Au, 35.8 g/t Ag.

The Company has engaged Reflex Drilling as the drilling contractor for the maiden diamond drilling program with the utilisation of the Sumpless Closed Loop Drill Mud system, the only company in Serbia to offer this system, that maintains the highest environment standards for diamond drilling. The program is expected to comprise approximately 2,000 metres of diamond drilling, with mobilisation underway and commencement targeted for May 2026.

The exploration results reported in this announcement are consistent with previously reported results announced on 9 October 2025, 27 January 2026 and 15 April 2026. The Company confirms that it is not aware of any new information or data that materially affects the information included in those announcements

Next Steps

Commencement of maiden drilling program targeted for early May 2026

Completion of site preparation and operational readiness

Mobilisation of drilling equipment to site

Company Notes:

Bindi Metals CEO, Mark Freeman said:
“With primary land access now secured across our priority drilling areas, we have removed one of the key gating items to commencing drilling at Ravni.

The focus is now firmly on execution, with final preparations well advanced and our maiden drill program on track to commence in early May. This will be a key milestone as we begin testing the system at depth and advancing the Project.”

Full ASX Announcement: Bindi Metals Ltd Full ASX Announcement