How Will BPM Minerals’ A$3.5M Placement Accelerate Forelands Gold Discovery?

Placement Secures Institutional Backing

BPM Minerals Limited (ASX – BPM) has successfully completed a A$3.5 million placement at A$0.23 per share, attracting cornerstone support from leading natural resources funds Terra Capital and Tribeca Investment Partners. This capital raising underscores institutional confidence in BPM’s strategy to advance exploration activities across its Forelands Gold Project in Western Australia.

The placement price represents a modest 4.2% discount to BPM’s closing price on 10 February 2026, while offering a slight premium to the 30-day volume weighted average price, indicating a balanced valuation approach that appeals to both existing and new investors.

Accelerating Exploration at Forelands

Proceeds from the placement will be directed towards ramping up drilling programs at key prospects within the Forelands Gold Project, notably follow-up drilling at the Beachcomber prospect and preparatory work for a larger campaign at the recently granted Bonnie & Clyde prospect. Beachcomber has already delivered impressive high-grade gold intercepts, including assays of up to 65.8 grams per tonne over three metres, highlighting its potential for a maiden resource.

With heritage clearance processes advancing and a heritage agreement in place, BPM is poised to commence a second round of reverse circulation drilling at Beachcomber by late February or early March 2026. The company also plans to undertake geological modelling and target refinement to expand its pipeline of drill-ready sites across the project’s extensive 630 square kilometre tenure.

Strategic Location and Technical Expertise

The Forelands Project benefits from a strategic position along the Yilgarn Craton–Albany Fraser Orogen margin, a geological setting analogous to the prolific Tropicana gold deposit. Its proximity to existing and proposed processing mills within 200 kilometres adds commercial flexibility for future resource development.

BPM has bolstered its technical team with industry-recognised experts, including Dr. Ross Chandler and Luke Blais, who bring a strong track record of discovery and exploration success. Their expertise, combined with ongoing support from consulting geologist Dr. Barry Murphy, enhances BPM’s capacity to unlock value from its extensive landholding.

Looking Ahead

Settlement of the placement shares is expected around 17 February 2026, with trading commencing the following day. BPM’s immediate focus will be on delivering assay results from the Beachcomber drilling program in February and progressing heritage and permitting activities to enable drilling at Bonnie & Clyde in the third quarter of 2026.

As BPM accelerates its exploration efforts backed by strong institutional support, the company is positioning itself to potentially unlock one of the largest untested gold-in-soil anomalies in Australia, setting the stage for significant developments in the coming months.