After last year’s acquisition of licenses for two antimony projects in Serbia, near Ivanjica and Paraćin, Australian mining company Bindi Metals is now turning its attention to Serbian gold. The company, which specializes in copper and rare metals exploration, has signed a binding agreement with RedCreek doo to acquire the high-quality Ravni gold project in Serbia.
Ravni is a settlement near the village of Biljanovac in the Ibar Valley, Raška municipality. The gold project, which received its license last month, covers 30.5 square kilometers of exploration area. The license is valid until September 4, 2028, with a possible extension. The project is located in the Kopaonik metallogenic zone, a historically significant mining region that includes several world-renowned deposits. About 30 kilometers south of Ravni lies Rogozna Mountain, where another Australian company, Strickland Metals, is actively exploring for gold.
Ravni has previously been explored by companies including First Quantum Minerals, Tethyan Resources, Euromax, and most recently Terra Balcanica. These studies returned remarkable results. At the Čeovište site, surface rock samples showed up to 64 grams of gold per ton. Čeovište is the main target for the new license holder. Initial plans include geophysical surveys using induced polarization to measure the ground’s electrical response, followed by additional fieldwork to confirm previous findings.
Bindi Metals plans to raise AUD 2.5 million through a share issue. Under the agreement, the company will gradually acquire up to an 80% stake in the Ravni exploration license—starting with 20% for AUD 125,000 in shares and AUD 75,000 in cash. The remaining stake will be acquired in two phases after a total of 10,500 meters of diamond drilling, according to the Australian Securities Exchange (ASX) statement.
“Strategically acquiring the Ravni gold project expands our portfolio in Serbia within the highly prospective Raška district. The Ravni project offers exceptional exploration potential with impressive high-grade gold at surface and multiple epithermal and porphyry targets. We are excited about the opportunity to unlock additional value for our shareholders as we advance exploration and development at Ravni,” said Bindi Metals CEO, Eddie King.
RedCreek doo from New Belgrade, the seller of the project, was established in January 2022. Its owner, Mihajlo Matković, is a mining expert who was appointed last year as a director of the Australia-Serbia Business Chamber.
Earlier this month, another Australian company, Middle Island Resources, acquired 14 exploration licenses in Serbia covering 62,000 hectares—more than any other company currently holds in the country. The company has already begun exploration, focusing on the Bobija project, located about 100 kilometers southwest of Belgrade, at a former barite mine with significant gold potential.
