BPM Minerals (ASX:BPM) Expands Forelands Gold Story with New Discoveries

Highlights

• BPM Minerals intersected significant gold mineralisation across all Beachcomber targets.
• High-grade intercept of 1m at 85.61g/t gold highlights the prospect's exploration potential.
• The company identified new gold lodes at Beachcomber NW, Beachcomber Fault and Beachcomber Central.
• Exploration work at Bonnie & Clyde progressed through soil sampling, magnetic surveys and heritage surveys.
• BPM raised A$3.5 million through a strategic bought deal placement to fund exploration activities.

BPM Minerals Ltd (ASX:BPM) continues to add momentum to its Forelands Gold Project in Western Australia , where recent exploration programs have broadened the scale of the Beachcomber Prospect and advanced preparations for the maiden drilling campaign at the Bonnie & Clyde prospect . The latest results have strengthened the view that multiple mineralised zones extend along the Yellow Dam Shear Zone, creating an expanding pipeline of gold targets across the project area.

Beachcomber Delivers Multiple Gold Discoveries

Building on earlier drilling success, the company has received the second and final batch of assay results from its recently completed 7,426-metre, 46-hole reverse circulation drilling program at Beachcomber. Significant gold mineralisation was intersected at all targets tested, including Beachcomber NW, Beachcomber Fault and Beachcomber Central.

The discoveries confirmed the broader Beachcomber Prospect as an emerging large gold system comprising multiple mineralised lodes associated with the Yellow Dam Shear Zone. According to BPM, the results also validated ultrafine fraction soil sampling as an effective exploration tool that can be applied along the 75-kilometre corridor.

Chief Executive Officer Oliver Judd noted the drilling successfully tested four previously untested soil anomalies, all of which returned significant gold mineralisation, including a standout one-metre interval grading 85.61 g/t gold at Beachcomber Central. Together with the high-grade Main Lode, the latest results point to the characteristics of a much larger mineralised system.

Bonnie & Clyde Moves Toward Maiden Drilling

While drilling results continue to expand Beachcomber, exploration activities at the Bonnie & Clyde Prospect have also progressed. Approximately 1,500 soil samples were collected on a 50-by-50-metre grid and submitted for assay. In parallel, a detailed airborne magnetic survey with 30-metre line spacing was completed to support geological and structural interpretations.

Heritage surveys were completed across key areas, while BPM also secured a co-funded geophysics grant under Western Australia's Exploration Incentive Scheme. The grant will support an induced polarisation survey planned for the second half of 2026.

The company expects to receive a Program of Work approval from the Department of Mines, Petroleum and Exploration in the coming months, with maiden reverse circulation drilling at Bonnie & Clyde anticipated to commence during the third quarter of 2026.

Exploration Funding Supports 2026 Programs

Supporting these exploration activities, BPM completed a strategic bought deal placement during the March 2026 quarter, raising A$3.5 million from institutional and sophisticated investors. The funding has supported the company’s cash position and provides backing for its planned exploration programs throughout 2026.

With multiple new gold discoveries emerging at Beachcomber and Bonnie & Clyde progressing toward its first drilling campaign, BPM continues to advance its Forelands Gold Project with a growing portfolio of targets across the prospective Yellow Dam corridor.

BPM shares traded at AUD 0.14, at the time of writing on 25 June 2026.