PERTH: Bindi Metals Ltd. (ASX: BIM) announced Thursday it has entered into a binding agreement to acquire up to an 80% interest in the Ravni gold project in southern Serbia, a move that significantly expands its footprint in the highly prospective Raska mining district.
The Ravni project spans 30.5 square kilometers and is located 30 kilometers north of the Tier 1 Rogozna copper-gold deposit. Historic exploration at the Ceovishte prospect within Ravni has revealed high-grade vein-hosted gold mineralization, including trenching results of 5 meters at 15.0 grams per tonne (g/t) gold and adit sampling of 4 meters at 19.0 g/t gold. Surface rock chip samples have returned assays up to 64.0 g/t gold.
“This strategic acquisition offers exceptional exploration upside,” said Bindi Metals Director Eddie King. “We are positioned near world-class deposits and see significant potential to unlock shareholder value.”
The company plans to initiate surface geochemistry sampling and IP geophysics this quarter, targeting both epithermal and porphyry-style mineralization. Ravni lies within the Western Tethyan Magmatic Belt, home to major deposits such as Rogozna (7.4 Moz AuEq), Trepca, and Vares.
To fund exploration, Bindi Metals will raise A$2.5 million via a two-tranche placement managed by CPS Capital Group. The offering includes 27.78 million shares at A$0.09 each, with directors committing A$200,000 in Tranche 2, subject to shareholder approval.
Following the placement, Bindi will launch a non-renounceable entitlement offer of options on a 1-for-2 basis, exercisable at A$0.145 and expiring two years from issuance. The record date for the offer is set for November 24, 2025.
Funds raised will support exploration at Ravni and the company’s Lisa project, as well as general working capital.