InvestSMART

BPM Minerals Limited (ASX:BPM)

ALERT: Price-sensitive ASX Announcement for BPM
Current share price for BPM : $0.185 -0.025 (-11.90%)+
Announcement
Release
8 Oct 2026 8:21AM
Price at Release
$0.210
Full Release
download
Summary
BPM Minerals Limited announced further strong reverse circulation drilling results from the Beachcomber Main Lode at its Forelands Gold Project in Western Australia, highlighted by 18m at 4.93 g/t Au from 245m in hole FLRC076, including higher-grade intervals up to 38.23 g/t Au, with additional notable intercepts including 2m at 10.79 g/t Au and 2m at 7.21 g/t Au in FLRC072 and 15m at 1.33 g/t Au in FLRC077; the first 9 assay results from a 53-hole, 9,060m Beachcomber program support the continuity of a high-grade south-plunging shoot over about 300m of strike and 250m vertical depth, with mineralisation still open down plunge and to the south, reinforcing the prospectivity of the stacked quartz-vein hosted gold system and underpinning BPM’s plan for a maiden JORC-compliant Mineral Resource Estimate in H1 2027, while further Beachcomber assays are due in Q4 2026 and drilling at Bonnie & Clyde is resuming as part of the broader 20,000m Forelands campaign co-funded by the WA Government’s Exploration Incentive Scheme.
Key Points
  • Announcement dated 8 October 2026 from BPM Minerals Limited regarding Beachcomber at the Forelands Gold Project, Western Australia.
  • Best new Beachcomber result reported was 18m at 4.93 g/t Au from 245m in hole FLRC076.
  • FLRC076 included higher-grade intervals of 1m at 10.12 g/t Au, 2m at 16.62 g/t Au and 1m at 38.23 g/t Au.
  • Other significant results included 2m at 10.79 g/t Au and 2m at 7.21 g/t Au in FLRC072.
  • FLRC077 returned 15m at 1.33 g/t Au from 260m and 6m at 1.44 g/t Au from 248m.
  • Assays reported are from the first 9 RC holes of a 53-hole, 9,060m drilling program completed across the broader Beachcomber area.
  • Beachcomber Main Lode mineralisation has been traced over about 300m of strike and 250m of dip or vertical extent.
  • The high-grade shoot is interpreted to plunge south and remains open at depth and to the south.
  • Drilling indicates gold is hosted in stacked quartz veins within quartz-feldspar plus or minus biotite gneiss, with coarse gold observed.
  • The Beachcomber Main Lode sits on the Yellow Dam Shear Zone within the Forelands Gold Project on the Yilgarn–Albany Fraser margin.
  • BPM said the results support preparation of a maiden JORC-compliant Mineral Resource Estimate targeted for H1 2027.
  • A further 44 RC holes from Beachcomber were completed and awaiting assays, expected during Q4 2026.
  • The drilling program is co-funded by the WA Government’s Exploration Incentive Scheme.
  • At Bonnie & Clyde, a 10,000m, 65-hole RC program was resuming, with 4 holes completed so far.
  • The release also notes Forelands’ district-scale landholding, strategic location east of Kalgoorlie, and proximity to multiple mills.
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.