BPM Minerals Secures Bonnie & Clyde Tenement, Eyes Tropicana-Style Gold Discovery

Tenement Grant Unlocks Exploration Potential

BPM Minerals Limited (ASX – BPM) has reached a significant milestone with the granting of the E28/3543 tenement, which hosts the Bonnie & Clyde prospects within its expansive Forelands Gold Project in Western Australia’s Eastern Goldfields. This approval clears the path for systematic ground exploration, including soil sampling and a planned 50-hole reverse circulation (RC) drilling program aimed at testing the gold potential of the area.

The Forelands Project is strategically positioned along the Yilgarn Craton–Albany Fraser Orogen margin, a geological setting analogous to the nearby Tropicana gold deposit, which has produced over 8 million ounces of gold. The Bonnie & Clyde tenement’s location within this district-scale structural corridor has long been considered prospective, but the recent tenement grant now enables BPM to actively pursue its exploration ambitions.

Geological Review Strengthens Tropicana-Style Prospectivity

A detailed geological review of the Bonnie & Clyde area and its regional context has reinforced the company’s confidence in the potential for a major gold deposit. The review draws on historical exploration data from the adjacent Dragonfly prospect, drilled by AngloGold Ashanti in 2009, which revealed broad zones of low- to moderate-grade gold mineralisation hosted within shallow-dipping thrust structures. These characteristics closely resemble the Tropicana-style mineralisation model, which is known for its large-scale, structurally controlled gold systems.

Consultant geologists have highlighted the importance of structural complexity, such as flexuring and lithological contrasts, in upgrading gold tenor within these systems. Magnetic data interpretation indicates that such structural disruptions coincide with strong gold-in-soil anomalies at Bonnie & Clyde, suggesting the area could host significant mineralisation yet to be tested by drilling.

Advancing Exploration with Heritage Surveys and Drilling

In parallel with exploration planning, BPM has submitted a heritage survey proposal to the Upurli Upurli Nguratja Aboriginal Corporation, the same group it has successfully collaborated with at other Forelands prospects. The survey is expected to be completed by March or April, facilitating the commencement of soil sampling and subsequent drilling activities.

The company is preparing to launch a maiden 50-hole RC drilling program at Bonnie & Clyde, alongside a ~5,000m RC drilling campaign at the nearby Beachcomber prospect. Beachcomber has already delivered impressive high-grade gold intercepts, and the upcoming drilling aims to test extensions of the known lode and newly defined soil anomalies, including a substantial 700m-long gold-in-soil anomaly.

Strategic Outlook for Forelands Gold Project

BPM’s Forelands Gold Project benefits from excellent infrastructure access and proximity to multiple operating and proposed processing mills within a 200 km radius, enhancing the commercial viability of any future discoveries. The project team includes experienced technical advisors and exploration managers with proven track records in mineral discovery, further underpinning the company’s exploration strategy.

With tenure now secured and a clear exploration roadmap ahead, BPM is well positioned to advance its understanding of the Bonnie & Clyde system and unlock value from this highly prospective gold district.