• RC drilling re-commenced at Beachcomber Prospect, testing high-grade targets
• Key Bonnie & Clyde tenement granted, allowing on-ground exploration
• Strategic $3.5M placement completed, funding aggressive 2026 exploration

This report summarises the exploration and corporate activities of BPM Minerals Limited (ASX:BPM) for the quarter ending March 2026. The March quarter represents a transformational period for BPM, with the Company reporting its maiden RC drilling results from the high-grade Beachcomber Prospect, advancing multiple drill-ready targets across the broader Forelands Gold Project, and completing a strategic bought deal placement that leaves BPM strongly funded to execute an aggressive 2026 exploration campaign across the Forelands Project. Key highlights include: RC drilling re-commencing at Beachcomber Prospect to test several high-grade targets, including down-dip extensions of the Main Lode; the granting of the key Bonnie & Clyde tenement, allowing on-ground exploration to advance; and the completion of a $3.5M strategic placement to fund expansive exploration programs at the Forelands Gold Project throughout 2026.