BPM Minerals Ltd (ASX: BPM) — Further High-Grade Gold Extends Beachcomber Main Lode Strike at Forelands Gold Project

15 June 2026

Price Sensitive Announcement $

Highlights:

• Down-dip extension drilling at the Beachcomber Main Lode has significantly extended the mineralised footprint, with high-grade gold now consistently intercepted over 300m of strike and to approximately 250m vertical depth — with the lode remaining open down plunge
• Standout intercepts from the 3,652m, 17-hole RC extension program at the Beachcomber Main Lode include:
  • 2m @ 20.95g/t Au from 266m including 1m @ 41.30g/t Au from 266m (FLRC069)
  • 9m @ 3.08g/t Au from 185m including 1m @ 15.75g/t Au from 189m (FLRC064)
  • 8m @ 1.80g/t Au from 116m including 1m @ 11.23g/t Au from 119m (FLRC026)
  • 3m @ 3.88g/t Au from 227m and 1m @ 6.22g/t Au from 198m (FLRC027)
• These results are the first batch from BPM’s recently completed 7,426m, 46-hole RC program across the broader Beachcomber Prospect, with assay results from the Beachcomber NW and Beachcomber Central targets to be released shortly
• The high-grade southerly plunging shoot — characterised by repeated intersections above 10g/t Au over multiple-metre widths — has been extended and remains open to the south and down dip, providing a clear target for further RC drilling
• BPM has been awarded a co-funded drilling grant via the WA Government’s Exploration Incentive Scheme for RC drilling at Beachcomber in the second half of 2026, with all permits in hand
• An exploration update for the Bonnie & Clyde target is expected in late June/July ahead of a maiden drill program anticipated to commence in Q3 2026
• The Forelands Gold Project covers a district-scale ~630km² landholding along the Yilgarn Craton–Albany Fraser Orogen margin — an analogous tectonic setting to the +8Moz Tropicana gold deposit — approximately 150km east of Kalgoorlie

Overview:

BPM Minerals has delivered a highly encouraging first batch of results from its 7,426m, 46-hole RC program at the Beachcomber Prospect, with extension drilling at the Beachcomber Main Lode confirming high-grade gold continuity to approximately 250m vertical depth and 300m of strike — and leaving the system open for further growth.

The 17-hole, 3,652m extension program was designed to test the down-dip continuation of a high-grade southerly plunging shoot first identified in BPM’s maiden RC program in late 2025. The program has delivered on that objective, with hole FLRC069 returning 2m @ 20.95g/t Au from 266m — including 1m @ 41.30g/t Au — confirming the high-grade shoot persists at meaningful depth. Combined with a growing suite of results from earlier drilling including 3m @ 65.8g/t Au, 9.7m @ 4.5g/t Au including 0.5m @ 66.5g/t Au and 9m @ 7.77g/t Au, the Beachcomber Main Lode is building into a compelling high-grade gold system.

Mineralisation at Beachcomber is hosted within a stacked quartz vein system interpreted as two discrete parallel veins within quartz-feldspar-biotite gneiss, sitting along the NE-SW trending Yellow Dam Shear Zone — a 75km regional fluid conduit interpreted as the key mineralising structure across the project. The shallow base of complete oxidation averaging just 14m indicates near-surface mineralisation continuity, while grades in fresh rock appear coherent with no material evidence of supergene modification.

Beyond the Main Lode, the remaining assay results from the broader Beachcomber Prospect — including the Beachcomber NW and Central targets — are expected imminently and will be released to market upon receipt. The Company is also advancing targeting at the Bonnie & Clyde prospect, which hosts an untested soil anomaly spanning approximately 6km of strike with a coherent 100ppb Au core and values exceeding 1g/t Au, with a maiden drill program anticipated in Q3 2026.

Company Notes:

BPM CEO Oliver Judd said it was pleasing to see assays deliver on what the team expected following completion of the program on schedule and on budget. He highlighted the growth of the Beachcomber Main Lode footprint, noting mineralisation is now consistently intercepted over 300m of strike and to 250m depth, with the high-grade shoot remaining open at depth for further expansional drilling. Judd noted that Beachcomber Main Lode is one of several targets tested across the broader Beachcomber Prospect during the latest round of drilling, with those additional results set to be released shortly and expected to add to what he described as a growing gold story.

About BPM Minerals Ltd (ASX: BPM):

BPM Minerals is an ASX-listed gold exploration company advancing its flagship Forelands Gold Project in the Eastern Goldfields of Western Australia. The project covers a district-scale ~630km² consolidated landholding along the Yilgarn Craton–Albany Fraser Orogen margin — an analogous tectonic setting to the +8Moz Tropicana gold deposit — approximately 150km east of Kalgoorlie. The Beachcomber Prospect is the Company’s most advanced target, hosting a growing high-grade gold system along the 75km Yellow Dam Shear Zone with a strong pipeline of additional exploration targets including Bonnie & Clyde, Ambrosia, Sidecar and Brass Monkey awaiting drill testing.