BINDI METALS LIMITED (BIM)

The suspension of trading in the securities of Bindi Metals Limited will be lifted immediately, following the release by BIM of an announcement in relation to an acquisition and capital raising.

The company releases a notice of proposed issue of securities.

Historical rock assay data with up to 4.5% and 2.7% antimony. Recent soil data with elevated copper and other base metals never followed up. Historical data confirms the presence of historical high-grade antimony mines with reported mined grade of 5% to 20% antimony where approximately 60,000 tonnes of ore from shallow pits were produced between 1932 and 1951.1. Both projects display classic geological characteristics of carbonate replacement or Carlin style deposits. Strategically located near major European markets and with well-established modern infrastructure and a robust, skilled local mining workforce. China's recent export ban on antimony has fuelled market disruption. China controls 55% of global antimony mining and most downstream processing, while Europe lacks domestic production, raising national security concerns. Firm commitments received from sophisticated and professional investors for a oversubscribed Placement to raise $2,000,000, which will be completed in two tranches. Funds raised to be used towards drilling and exploration at the Lisa Antimony-Gold Project and the Mutnica Antimony-Copper Project, exploration on the Company's existing projects and general working capital.

Donja Mutnica and Lisa, the assets to be divested, have been identified as being prospective for antimony mineralisation and are more suitable for a separate company focus. Initial proceeds from the Divestment will materially meet the funding requirements of the planned drill program at Studena targeting copper and other exploration efforts in Serbia. The consideration for the Divestment includes: Initial Consideration $200,000 in cash, 1,000,000 fully paid ordinary shares in Bindi and the grant of a 1% net smelter royalty on Donja Mutnica; Deferred Consideration of $200,000 in cash and 2,500,000 fully paid ordinary shares in Bindi upon the grant and transfer of Lisa; Share consideration and NSR allow for the Company to retain upside exposure to the antimony potential of the divested assets. 600m drilling program to commence shortly at Studena on a 500m+ copper in soil anomaly. Drilling continues at the Salanie Gold Project in Gabon, which is the Company's core focus.

The securities of Bindi Metals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of BIM, pending the release of an announcement in relation to an acquisition and a capital raising.

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