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BPM Minerals Limited (ASX:BPM)

ALERT: Price-sensitive ASX Announcement for BPM
Current share price for BPM : $0.213 0.045 (26.87%)+
Announcement
Release
16 Jul 2026 8:18AM
Price at Release
$0.168
Full Release
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Summary
BPM Minerals Limited's quarterly report highlights significant exploration achievements, including the discovery of new gold lodes at the Beachcomber Prospect and preparations for maiden drilling at Bonnie & Clyde. The company secured co-funded grants under the Western Australian Government's Exploration Incentive Scheme and announced the commencement of a major 20,000m drilling campaign at the Forelands Gold Project. Financially, BPM reported cash reserves of A$6.597 million with notable expenditures on exploration. The company's ongoing commitment to community engagement, particularly with the Upurli Upurli Nguratja Aboriginal Corporation, remains a priority.
Key Points
  • New gold lodes discovered at Beachcomber Prospect with significant gold mineralisation at all targets tested.
  • Bonnie & Clyde advancing toward RC drilling, with soil sampling and airborne magnetic survey completed.
  • Two grants awarded under WA Government’s Exploration Incentive Scheme for further exploration.
  • 20,000m RC drilling campaign planned across the Forelands Gold Project, the largest in the company's history.
  • Cash and cash equivalents at the end of the period were A$6.597 million.
  • Net cash from operating activities for the quarter was A$(551,000).
  • Exploration and evaluation expenditure amounted to A$(816,000).
  • Continued engagement with Upurli Upurli Nguratja Aboriginal Corporation for heritage and community relations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.