• Maiden RC drilling program completed at Beachcomber, Forelands Gold Project
• Extensive soil geochemistry completed across multiple Forelands prospects
• Regional exploration review confirms footprint of a major gold system at Forelands

During the quarter, BPM Minerals completed its maiden RC drilling program at the high-grade Beachcomber Prospect within the Forelands Gold Project, comprising 24 holes for 3,180m. The program was designed to test and extend the known high-grade quartz lode system. Assay results are expected in the coming weeks. Complementing the drilling, BPM completed a large-scale soil sampling campaign across multiple Forelands prospects, including Beachcomber, Ambrosia, Sidecar and Brass-Monkey, to refine geochemical anomalies and prioritize additional drill targets for 2026. A regional exploration review and targeting study over the Forelands belt confirmed the footprint of a major gold system, highlighting a >75 km mineralised corridor and a pipeline of high-priority prospects. During the quarter, BPM also advanced heritage approvals, enabling ongoing exploration at Forelands in 2026. At the Durack REE-Ti-Zr Project, BPM reported additional high-grade rare earth rock chip results from the Chandler's Find prospect, confirming the potential for a district-scale, high-tonnage system. The company remains well-funded with ~A$5.6 million in cash at the end of the quarter.

No high-importance, price-sensitive forward-looking financial metrics provided.

The outcomes from the regional exploration review at Forelands underpin a multi-year exploration strategy aimed at both resource growth at Beachcomber and discovery of new deposits along the broader Forelands corridor.