Response to ASX Price and Volume Query

Key points

• BPM Minerals responds to ASX query about price and volume
• No undisclosed information affecting recent trading
• Drilling at Beachcomber prospect ongoing, approvals pending for Bonnie and Clyde

Full summary

BPM Minerals Ltd has responded to a query from the Australian Securities Exchange (ASX) regarding a recent increase in the price and volume of its securities. The company assures that it is unaware of any undisclosed information that could explain the trading activity. BPM Minerals is in the process of commencing a 20,000m drilling campaign at the Beachcomber prospect, with 10,000m of RC drilling already underway. Work is also progressing to secure approvals for drilling at the Bonnie and Clyde prospect, with expectations of receiving these approvals shortly. BPM Minerals confirms compliance with ASX Listing Rules, particularly Listing Rule 3.1.