• Firm commitments received to raise A$3.5 million via a bought deal placement at A$0.23 per Share
• Placement anchored by leading natural resources funds Terra Capital and Tribeca Investment Partners
• Proceeds to accelerate drilling across the Forelands Gold Project, including follow-up drilling at Beachcomber and preparation for a larger campaign at the Bonnie & Clyde Prospect

BPM Minerals Ltd (ASX: BPM) has received firm commitments to raise A$3.5 million (before costs) via a bought deal placement of approximately 15,217,391 new fully paid ordinary shares at an issue price of A$0.23 per Share. The Placement was anchored by strong support from Terra Capital and Tribeca Investment Partners, two leading specialist natural resources funds. The proceeds from the Placement will be used to accelerate exploration across BPM's Forelands Gold Project, including follow-up drilling at Beachcomber to test extensions and prioritised targets, additional preparation for drilling across the broader Forelands tenure to advance multiple targets and accelerate discovery, ongoing geological interpretation, modelling and target definition, as well as heritage clearance support, drill planning, and logistics to enable a larger drilling campaign at the Bonnie & Clyde Prospect. The Forelands Gold Project is a district-scale position of approximately 630 km² along the Yilgarn Craton-Albany Fraser Orogen margin, with high-grade gold intercepts at the Beachcomber Prospect and a strong pipeline of exploration targets, including the untested Bonnie & Clyde Prospect. BPM has a experienced management and exploration team, and the Forelands Project benefits from proximity to multiple existing and proposed mills within a 200 km radius, providing optionality for toll treatment of future resources.

The company is looking forward to commencing a second round of RC drilling at Beachcomber and advancing heritage and permitting activities across multiple prospects to support drill testing Bonnie & Clyde, which the company believes to be one of the largest and most exciting untested gold-in-soil anomalies in the Australian exploration space.