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Highlights
BPM Minerals secures exclusive option to acquire the Forelands Gold Project with district-scale potential near Kalgoorlie.
Historical drilling at the Beachcomber Prospect returned high-grade intercepts, including 3m @ 65.8g/t Au.
Shares surged over 51% to 4.4 cents on 7 July 2025 following the announcement.
BPM Minerals Limited (ASX:BPM) witnessed a sharp rise in its share price on Monday morning, climbing over 51% to 4.4 cents, after announcing an exclusive option agreement to acquire the Forelands Gold Project. The project hosts near-surface visible gold mineralisation and lies within a ~630 km² landholding along the highly prospective Yilgarn Craton–Albany Fraser Orogen margin, a setting analogous to the >8 million ounce Tropicana Gold Deposit.
Strategically Located with Proven Mineralisation
Located approximately 150 km east of Kalgoorlie, the Forelands Project straddles the Trans-Access Road, providing excellent access to nearby infrastructure and multiple gold processing mills. The project has recorded widespread gold mineralisation over a >75 km strike length, with more than 40 historic drill holes intersecting gold grades exceeding 1 g/t Au in basement rock.
The standout prospect within the project is Beachcomber, where historical drilling has returned a series of high-grade gold intercepts, including:
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3m @ 65.8g/t Au from 25m (ZSAC0087)
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9.7m @ 4.5g/t Au from 88.8m (BCD001)
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3m @ 13.5g/t Au from 90m (BCRC008)
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6m @ 3.63g/t Au from 58m (BCRC007)
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2m @ 4.73g/t Au from 148m to EOH, with the hole ending in 8.47g/t Au (BCRC035)
These results suggest a stacked lode system, open in all directions and considered a near-term resource conversion target. Reverse circulation (RC) drilling is set to commence in Q3 2025.
Exploration Expertise Added to Team
BPM also announced that the project vendors, Dr. Ross Chandler and Luke Blais, will join the company as Technical Advisor and Exploration Manager, respectively. Both geologists are highly regarded for their discovery work and were recipients of the AMEC 2023 Prospector Award for their contributions to the Yin REE deposit while at Dreadnought Resources (ASX: DRE).
Looking Ahead
A Heritage Agreement with the Native Title Group is anticipated to be finalised in the coming months, clearing a key path for expanded exploration activity.
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