• Forelands Gold Project acquired; drilling approvals in place
• Claw Gold Project divested to Capricorn Metals for A$1.5m upfront
• Cash position of A$2.91m as of 30 September 2025

BPM Minerals Limited (ASX:BPM) reported on its quarterly activities for the period ending 30 September 2025. Key highlights include the acquisition of the Forelands Gold Project, a district-scale, consolidated landholding in Western Australia that hosts high-grade, near-surface gold mineralization. BPM executed a Heritage Agreement, scheduled a Q4-2025 heritage survey, and secured drilling approvals for an initial ~3,000m RC program at the Beachcomber prospect. Additionally, BPM divested the Claw Gold Project to Capricorn Metals (ASX:CMM) for A$1.5m upfront and up to A$1.5m in contingent milestone payments. During the quarter, BPM also realised A$1.06m from the sale of CMM shares, strengthening its cash position to A$2.91m as of 30 September 2025. The company continues to progress its other projects, including the Durack REE-Ti-Zr Project and the Santy Cu-Au Project.