BPM Minerals has kicked off a significant 3,000m drilling campaign at its high-grade Beachcomber Prospect within the Forelands Gold Project, backed by a recent $3.5 million capital raise. Assay results expected early next year will be closely watched for signs of a major new gold resource in Western Australia.
- 3,000m, 25-hole reverse circulation drilling program underway at Beachcomber
- Historical intercepts include 3m at 65.8 g/t gold and 9.7m at 4.5 g/t gold
- Recent $3.5 million capital raise boosts cash reserves to over $6 million
- Soil sampling progressing across multiple prospects including Ambrosia and Sidecar
- Assay results from drilling and soil sampling anticipated in early 2026
Drilling Commences at Beachcomber
BPM Minerals Ltd (ASX, BPM) has initiated its maiden reverse circulation drilling program at the Beachcomber Prospect, a key part of its Forelands Gold Project in Western Australia. The 3,000-metre, 25-hole campaign marks a pivotal step in exploring this high-grade gold-bearing quartz lode, which remains open in all directions and has demonstrated impressive historical assay results.
Notably, previous drilling at Beachcomber has revealed standout intercepts such as 3 metres grading 65.8 grams per tonne (g/t) gold from 25 metres depth, and 9.7 metres at 4.5 g/t gold from 88.8 metres, including visible gold. These results underscore the prospect’s potential to host a significant gold deposit.
Strong Financial and Technical Backing
The drilling program is underpinned by a recent $3.5 million capital raise, which has increased BPM’s cash holdings to over $6 million, providing a solid financial foundation for ongoing exploration activities. This funding supports not only the current drilling but also a broader 2026 exploration pipeline targeting multiple prospects within the Forelands Project.
Technical expertise is a notable strength for BPM, with industry-recognised figures such as Dr. Ross Chandler and Luke Blais joining as Technical Advisor and Exploration Manager, respectively. Their involvement, alongside consulting geologist Dr. Barry Murphy, brings a wealth of experience in discovery and resource development, enhancing the project’s prospects.
Expanding Exploration Footprint
Beyond Beachcomber, BPM is advancing soil sampling programs across several granted tenements, including the Ambrosia, Sidecar, and Brass Monkey prospects. These efforts aim to define drill-ready targets and expand the footprint of the gold system along a 75-kilometre mineralised corridor within the Forelands Project.
The project’s strategic location approximately 150 kilometres east of Kalgoorlie offers excellent access to infrastructure and proximity to multiple operating and proposed milling facilities, which could facilitate future resource commercialisation.
Looking Ahead to Assay Results
Assay results from the current drilling and soil sampling programs are expected to be released in early 2026. These results will be critical in confirming the extent and grade of the mineralisation and will guide the next phase of exploration and potential resource definition. BPM’s management is optimistic about the potential to rapidly convert the Beachcomber Prospect into a maiden JORC-compliant resource, setting the stage for further development.
Bottom Line?
As BPM advances drilling and exploration, early 2026 assay results will be crucial in shaping the future of the Forelands Gold Project.
Questions in the middle?
- Will the upcoming assay results confirm the high-grade potential indicated by historical drilling?
- How quickly can BPM convert Beachcomber into a JORC-compliant resource and advance towards mining?
- What new targets might emerge from ongoing soil sampling across the broader Forelands tenements?