BPM Secures $1M+ Funding and Approvals for 3,000m Drilling at Forelands Gold Project
BPM Minerals has secured a Heritage Agreement with traditional owners at its Forelands Gold Project, clearing the way for a maiden drilling program targeting high-grade gold prospects. The company’s strengthened balance sheet and expert team set the stage for a promising exploration phase.
- Heritage Agreement signed with Upurli Upurli Nguratja Aboriginal Corporation
- Heritage survey scheduled for Q4 2025 ahead of drilling
- 3,000m, 25-hole RC drilling program approved for Beachcomber Prospect
- Strong historical high-grade gold intercepts underpin drilling focus
- Recent share sale boosts cash reserves to fund exploration
Heritage Agreement Unlocks Exploration
BPM Minerals Ltd (ASX – BPM) has reached a significant milestone by executing a Heritage Agreement with the Upurli Upurli Nguratja Aboriginal Corporation (UUNAC). This agreement formalises protocols for managing cultural heritage and engagement, enabling exploration activities to proceed responsibly across key tenure at the Forelands Gold Project in Western Australia.
The agreement is a crucial step in ensuring that exploration respects the cultural values of the traditional owners, fostering a collaborative relationship as BPM prepares to advance its exploration agenda.
Imminent Heritage Survey and Drilling Program
The Department of Mines, Industry Regulation and Safety (DMIRS) has approved BPM’s Program of Work, authorising a 3,000-metre drilling campaign comprising 25 holes. This maiden drilling effort aims to test the high-grade gold-bearing quartz lodes that have shown promising historical intercepts, some exceeding 60 grams per tonne over narrow widths.
Strategic Project Position and Technical Expertise
The Forelands Gold Project covers approximately 630 square kilometres along a major structural corridor on the Yilgarn Craton–Albany Fraser Orogen margin, a geological setting analogous to the prolific Tropicana gold deposit. Its proximity to Kalgoorlie and multiple operating mills within 200 kilometres enhances its commercial potential, offering options for toll treatment of any future resources.
BPM has bolstered its technical team by appointing Dr. Ross Chandler and Luke Blais, recognized for their recent discovery successes, as Technical Advisor and Exploration Manager, respectively. Alongside consulting geologist Dr. Barry Murphy, the team brings a strong track record that bodes well for advancing exploration outcomes.
Financial Strength Supports Exploration Momentum
Adding to its momentum, BPM recently sold its shares in Capricorn Metals Ltd, generating approximately A$1.05 million in cash. This inflow strengthens BPM’s balance sheet, ensuring the company is well-funded to execute its upcoming drilling program and exploration activities.
CEO Oliver Judd expressed optimism about the partnership with UUNAC and the project’s prospects, highlighting the importance of culturally responsible exploration and the exciting potential of the Beachcomber Prospect as BPM moves toward defining a maiden resource.
Bottom Line?
With heritage protocols secured and drilling imminent, BPM Minerals is poised to unlock Forelands’ gold potential; next, all eyes turn to assay results.
Questions in the middle?
- What will the initial drilling results reveal about the extent and grade of gold mineralisation at Beachcomber?
- How will BPM balance exploration progress with ongoing engagement and partnership with the traditional owners?
- Could the Forelands Project’s proximity to existing mills accelerate its path to commercial production?
