Follow up.. headset rebuild was easy on the Binova. I cleaned up the rust and just applied some rust converter on the top of the fork.
Painting or any other treatment seemed like a cover up job. I'll live with it as-is.

Unfortunately(?) I had a great offer on the yellow "Lupa" and sold it before I could take it apart. So its identity will remain a mystery for now.


Got another mystery machine
https://imgur.com/a/bOBcTsx

Looks like another low end / entry level model but this one sat in the guy's garage, brand new and unused for 20+ years.
I had to rescue it!

"La Classique" label on the cross tube
Exage SLR Action brakes
Exage shifters and Sport derailleurs. Interesting to note that the left shifter (for the front derailleur) is indexed. [This seems to have been produced only very early in the Exage line?]
Biopace chainring
Exage Sport crank wheel

Is that the model name - La Classique?
And what year??