• Tenement grant considered material, consistent with previous announcements
• Program of Work not considered material on its own
• Company became aware of tenement grant on 10 Feb, announcement approved after market close
• Complied with Listing Rule 15.7 on capital raising discussions and announcements

BPM Minerals Ltd responded to an ASX Aware Letter regarding the grant of the Bonnie & Clyde tenement (E28/3543) and a subsequent capital raising. The company explained that the grant of the tenement was considered material as it enabled the commencement of ground-based exploration activities, consistent with previous announcements. However, the company did not consider the details of the Program of Work to be material on their own. BPM became aware of the tenement grant on the morning of 10 February 2026 and circulated a draft announcement to the Board, which was approved after market close that day. The company stated it complied with Listing Rule 15.7 as all material discussions related to the capital raising and the tenement grant announcement occurred after market close on 10 February. The lead manager was aware of the tenement grant and commenced a wall crossing of sophisticated investors post market close. BPM believes it announced the information promptly without delay following its normal Board approval process and is in compliance with ASX Listing Rule 3.1.