BPM Minerals has expanded its high-grade gold footprint at the Beachcomber Prospect and greenlit its largest-ever 20,000m drilling program across its flagship Forelands Gold Project in WA.
- 7,426m RC drilling extends Beachcomber Main Lode and discovers new gold lodes
- Bonnie & Clyde Prospect advances with soil sampling and airborne magnetic survey
- Two WA Government co-funded grants awarded for drilling and geophysics
- 20,000m RC drilling campaign to commence late July targeting maiden resource
- Withdrawal from Durack REE-Ti-Zr Project to focus on Forelands Gold Project
Beachcomber Prospect Grows Into Major Gold System
BPM Minerals Limited (ASX:BPM) has significantly expanded the high-grade gold mineralisation at its Beachcomber Prospect within the Forelands Gold Project, Western Australia. The company completed a 7,426m, 46-hole reverse circulation (RC) drilling program that extended the Beachcomber Main Lode to over 300m strike and 250m dip, with the high-grade, southerly plunging shoot remaining open at depth. Notable intercepts include 2m at 20.95 g/t Au from 266m, including 1m at 41.30 g/t Au, confirming continuity of high-grade gold to approximately 250m vertical depth.
Beyond the main lode, BPM uncovered multiple new gold lodes across the broader Beachcomber Prospect, validating the use of Ultra Fine Fraction (UFF) soil sampling as a key exploration targeting tool along the 75km Yellow Dam corridor. Highlights from the newly discovered lodes include 15m at 1.40 g/t Au from 80m at Beachcomber North-West and a standout 1m at 85.61 g/t Au from 91m at Beachcomber Central; the highest single metre assay recorded by BPM to date. These discoveries suggest a complex, multi-lode gold system associated with the Yellow Dam Shear Zone, with mineralisation still open for expansion.
Bonnie & Clyde Prospect Prepares for Maiden Drilling
Meanwhile, the Bonnie & Clyde Prospect is advancing steadily toward its maiden RC drilling campaign, slated for Q3 2026, pending regulatory approvals. During the quarter, BPM completed approximately 1,500 soil samples on a 50x50m grid and a detailed 30m line-spaced airborne magnetic survey, both critical for refining drill targets. A heritage survey was also conducted in partnership with the Upurli Upurli Nguratja Aboriginal Corporation (UUNAC), underscoring the company’s commitment to community engagement.
BPM secured a co-funded geophysics grant from the WA Government’s Exploration Incentive Scheme (EIS) to conduct an Induced Polarisation (IP) survey at Bonnie & Clyde in the second half of 2026, designed to detect disseminated sulphides indicative of gold mineralisation. This work complements the maiden drilling program, which aims to test the untested, ~6km long, coherent gold-in-soil anomaly associated with the Yellow Dam Shear Zone.
Record 20,000m Drilling Campaign to Accelerate Exploration
Subsequent to quarter-end, BPM announced an ambitious 20,000m RC drilling campaign across the Forelands Gold Project, the largest in the company’s history. The campaign splits evenly between approximately 10,000m of resource definition drilling at Beachcomber; targeting a maiden JORC Mineral Resource; and a maiden 10,000m drilling program at Bonnie & Clyde. The Beachcomber program will focus on infill and extensional drilling to improve geological confidence across all known lodes, supported by a co-funded drilling grant from the WA Government’s EIS.
Drilling is scheduled to commence before the end of July 2026, with assay results expected progressively from Q3 2026 at Beachcomber and from Q3/Q4 2026 at Bonnie & Clyde. The outcomes of this campaign will be pivotal for BPM’s assessment of the Forelands Project and its decision on whether to exercise exclusive options to acquire the tenements outright. One should note that no Mineral Resource has yet been estimated at Beachcomber, and the success of the drilling program remains uncertain.
Strategic Focus on Forelands as Durack Option Withdrawn
In a strategic move to concentrate resources, BPM withdrew from its option to acquire the Durack REE-Ti-Zr Project in the East Kimberley region during the quarter. This decision allows the company to focus fully on advancing the Forelands Gold Project, which is rapidly emerging as a significant high-grade gold system. BPM ended the quarter with a healthy cash position of approximately A$6.6 million, supporting its aggressive exploration plans.
Exploration expenditure for the quarter was circa A$1.117 million, primarily directed at the Forelands Gold Project. The company continues to maintain strong relationships with Traditional Owners and local communities, exemplified by ongoing heritage agreements and surveys conducted with UUNAC.
Bottom Line?
BPM’s expanded gold footprint and record drilling campaign position Forelands as a key project to watch, but assay results and resource estimates in coming quarters will be critical to validating this potential.
Questions in the middle?
- Will the upcoming 20,000m drilling campaign confirm a maiden JORC Mineral Resource at Beachcomber?
- How will assay results from Bonnie & Clyde’s maiden drilling shape BPM’s exploration priorities?
- What impact will the withdrawal from the Durack project have on BPM’s long-term strategic focus?