Bindi Metals Ltd (ASX:BIM) Up to 2km Strike of IP Anomalies at Ravni – Planned Maiden Drilling in May

1 May 2026

Price Sensitive Announcement $

Highlights:

• Induced Polarisation (IP) survey modelling complete with strong anomalies corresponding to known high-grade gold mineralisation at Drenjak and Rujak
• IP anomaly at Drenjak modelled over 900m length corresponding to channel results of 6m @ 15.3 g/t Au including 2m at 45.6 g/t Au and extensive soil anomalies
• IP anomaly at Rujak modelled over 1,100m length corresponding to channel 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 and soil anomalies
• All permits and land access agreements now secured
• Site preparation works underway ahead of planned maiden drilling in May 2026

Exploration Update

Induced Polarisation (IP) results have been processed and modelled from a total of 14 line kilometres along 10 pole-dipole IP lines at the Ravni project.

Chargeability anomalies, with associated resistivity highs, have been modelled across the Ravni Project correlating with outcropping zones of high-grade mineralisation at priority targets Drenjak and Rujak, as well as a number of new anomalies defined in the IP data (Figures 1 & 2).

At Drenjak, IP anomalies correspond with high-grade surface mineralisation (Figures 3 & 4) including:

• A ~900m strike length chargeability anomaly (>40 mV/V), including a >50 mV/V zone corresponding with previously reported channel sampling results, including:

  o 6m @ 15.3 g/t Au, including 2m @ 45.6 g/t Au and

  o 20m @ 0.4 g/t Au, including 6m @ 0.9 g/t Au and 2m @ 2.3 g/t Au

• Chargeability anomalies are associated with resistivity highs
• The interpreted anomaly trends NW-SE, dipping to the NE and plunging west
• New chargeability zone identified 650 m west of Drenjak, characterised by a very strong 60 mV/V response and soil anomaly (Figure 3)
• Modelling suggests potential continuity of the chargeability anomaly between Drenjak and Drenjak West; this interpretation remains conceptual and untested by drilling (Figure 4).
• New zone to the south of Drenjak with strong chargeability anomaly and resistivity high associated with Au soil anomalies (Figures 1 & 3)

At Rujak, IP data modelled extensive and very strong chargeability anomalies associated with gold mineralisation at surface and soils anomalies (Figures 5 & 6), including:

• A 1.1 kilometre strike length zone of chargeability highs at a very strong 60 mV/V striking WNW to ESE, dipping moderately to steeply to the NE and plunging to the north
• These chargeability anomalies are associated with resistivity highs
• Chargeability anomalies at surface are associated with previously reported 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 (Figures 5 & 6)

Drilling Approvals and Access

All land access agreements and drill permits have been secured, enabling commencement of the maiden diamond drilling program. Baseline environmental studies have been completed with site works and mobilsation underway for drilling to commence in May.

Next Steps

• Mobilise drill rigs to site and commencement of a ~2,000m diamond drilling program targeted for May
• Ongoing community engagement throughout the drill program to maintain strong local
  support