# BPM: Quarterly Activities/Appendix 5B Cash Flow Report Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/bpm-quarterly-activities-appendix-5b-cash-flow-report--4950e79a-5472-42cf-8abd-b0d2b6f5bdda Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03153709 Publisher: asx Original announcement: 2026-10-18T21:07:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-18T22:20:51.587Z Atlas analysis updated: 2026-10-18T22:20:51.587Z - Company: BPM Minerals Limited - Ticker: BPM - Exchange: ASX - Region: Western Australia - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Drill results, Other - Extracted: 2026-10-18 22:20:52 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary BPM Minerals Limited reported its quarterly activities, highlighting a significant 20,000m RC drilling campaign at its Forelands Gold Project in Western Australia. Subsequent to the quarter end, the company announced high-grade gold assay results from the Beachcomber Prospect, including 18m at 4.93 g/t gold with a sub-interval of 1m at 38.23 g/t gold, marking the best drilling result at the prospect to date. This resource definition drilling aims to support a maiden JORC Mineral Resource Estimate in H1 2027. Reasoning: BPM Minerals reported significant high-grade gold intercepts from its Beachcomber Prospect, including a bonanza grade of 38.23 g/t Au, which are the best results to date and are crucial for the upcoming maiden JORC Mineral Resource Estimate. The drilling campaign is well-funded and progressing as planned. - Positive factor: High-grade gold intercepts, including the best result to date at Beachcomber. - Positive factor: Resource definition drilling supports a maiden JORC Mineral Resource Estimate. - Positive factor: JORC compliance and Competent Person sign-off provide high reporting credibility. - Negative factor: True width of intercepts not disclosed, potentially overstating actual thickness. - Negative factor: Cut-off grade for compositing not stated, limiting transparency. - Negative factor: Specific QA/QC methods \(e.g., blanks, standards, duplicates\) not detailed. Facts used in scoring: 13 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: The intercept of 1m @ 38.23 g/t Au is significantly above the exceptional threshold for orogenic gold deposits \(15 g/t Au for underground\). Evidence · text > 1m @ 38.23 g/t Au fm 261m \(FLRC076\) **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release includes a Competent Person's Statement, confirming JORC compliance and QP sign-off by Oliver Judd, a Member of AusIMM. Evidence · text > The information in this announcement that relates to Exploration Results is based on information compiled by Oliver Judd, who is a Member of AusIMM and who has more than five years’ experience in the field of activity being reported on. Mr Judd is an employee of the Company. The information in the market announcement is an accurate representation of the available data. Mr. Judd has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Judd consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The drilling program includes 'extensional RC drilling' and aims to define 'strike and dip extensions of all lodes', indicating an effort to expand the known mineralization footprint. Evidence · text > infill and extensional RC drilling designed to provide the drill hole spacing and geological confidence required to support the estimation of a maiden Mineral Resource under the JORC Code \(2012\) across the Main, North-West, Central and Fault Lodes. Priority targets include the high-grade plunging shoots at the Main and Central Lodes, the untested gaps between drill traverses at Beachcomber North-West, and the strike and dip extensions of all lodes. **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: The reported intercepts are given as downhole lengths \(e.g., '18m @ 4.93 g/t Au'\) with no mention of true width or drill orientation to estimate it. Evidence · text > 18m @ 4.93 g/t Au fm 245m **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: The release reports high-grade intervals but does not state the cut-off grade used for compositing the reported intercepts. Evidence · text > Key intercepts include16: • 18m @ 4.93 g/t Au fm 245m, incl. 1m @ 10.12 g/t Au fm 246m, 2m @ 16.62 g/t Au fm 252m and 1m @ 38.23 g/t Au fm 261m \(FLRC076\). **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The drilling program is explicitly described as 'infill and extensional RC drilling designed to provide the drill hole spacing and geological confidence required to support the estimation of a maiden Mineral Resource'. Evidence · text > infill and extensional RC drilling designed to provide the drill hole spacing and geological confidence required to support the estimation of a maiden Mineral Resource under the JORC Code \(2012\) ## Extracted facts Stored fact records: 13. Some facts used in scoring do not have a stored record. ## Drill Results (13) ### FLRC076 [Link to this fact](https://atlas-staging.minestarters.com/news/bpm-quarterly-activities-appendix-5b-cash-flow-report--4950e79a-5472-42cf-8abd-b0d2b6f5bdda#fact-drill-facts-0) Forelands · gold #### Identity - Hole ID: FLRC076 - Project: Forelands - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BPM #### Geometry - Grade: 4.93 - Grade Unit: g/t - Intercept: 18 m - From: 245 m - To: 263 m - Intercept Depth: 245 m #### Classification - Deposit Type: orogenic - Program: resource - Sample Type: drill - Group ID: FLRC076:245-263 - Mining Method: underground #### Location - Location: Beachcomber Main Lode - Loc. Confidence: medium - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept represents a strong grade-width product and a moderate grade for an underground orogenic deposit, contributing positively to the resource definition program. - Positive factor: Strong grade-width product \(88.74 g/t·m\) for orogenic gold. - Positive factor: Grade \(4.93 g/t Au\) is moderate for underground orogenic deposits. - Positive factor: New result from resource definition drilling, supporting MRE. - Negative factor: True width not disclosed. - Negative factor: Cut-off grade not disclosed. Evidence · text > 18m @ 4.93 g/t Au fm 245m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The September quarter saw BPM commence the largest drilling campaign in the Company’s history: a 20,000m RC program acro" ### FLRC076 [Link to this fact](https://atlas-staging.minestarters.com/news/bpm-quarterly-activities-appendix-5b-cash-flow-report--4950e79a-5472-42cf-8abd-b0d2b6f5bdda#fact-drill-facts-1) Forelands · gold #### Identity - Hole ID: FLRC076 - Project: Forelands - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BPM #### Geometry - Grade: 10.12 - Grade Unit: g/t - Intercept: 1 m - From: 246 m - To: 247 m - Intercept Depth: 245 m #### Classification - Deposit Type: orogenic - Program: resource - Sample Type: drill - Group ID: FLRC076:246-247 - Mining Method: underground #### Location - Location: Beachcomber Main Lode - Loc. Confidence: medium - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This high-grade sub-interval demonstrates strong gold mineralization within the broader intercept, exceeding both project average and peer benchmarks for underground orogenic deposits. - Positive factor: High-grade sub-interval \(10.12 g/t Au\) is strong for underground orogenic deposits. - Positive factor: Significantly above the project average and peer 75th percentile. - Negative factor: True width not disclosed. - Negative factor: Cut-off grade not disclosed. Evidence · text > incl. 1m @ 10.12 g/t Au fm 246m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The September quarter saw BPM commence the largest drilling campaign in the Company’s history: a 20,000m RC program acro" ### FLRC076 [Link to this fact](https://atlas-staging.minestarters.com/news/bpm-quarterly-activities-appendix-5b-cash-flow-report--4950e79a-5472-42cf-8abd-b0d2b6f5bdda#fact-drill-facts-2) Forelands · gold #### Identity - Hole ID: FLRC076 - Project: Forelands - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BPM #### Geometry - Grade: 16.62 - Grade Unit: g/t - Intercept: 2 m - From: 252 m - To: 254 m - Intercept Depth: 245 m #### Classification - Deposit Type: orogenic - Program: resource - Sample Type: drill - Group ID: FLRC076:252-254 - Mining Method: underground #### Location - Location: Beachcomber Main Lode - Loc. Confidence: medium - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This exceptional grade sub-interval is a highly material result, well above the project average and peer benchmarks, indicating very high-grade mineralization within the Beachcomber Main Lode. - Positive factor: Exceptional grade \(16.62 g/t Au\) for underground orogenic deposits. - Positive factor: Strong grade-width product \(33.24 g/t·m\). - Positive factor: Significantly above the project average and peer 75th percentile. - Negative factor: True width not disclosed. - Negative factor: Cut-off grade not disclosed. Evidence · text > 2m @ 16.62 g/t Au fm 252m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The September quarter saw BPM commence the largest drilling campaign in the Company’s history: a 20,000m RC program acro" ### FLRC076 [Link to this fact](https://atlas-staging.minestarters.com/news/bpm-quarterly-activities-appendix-5b-cash-flow-report--4950e79a-5472-42cf-8abd-b0d2b6f5bdda#fact-drill-facts-3) Forelands · gold #### Identity - Hole ID: FLRC076 - Project: Forelands - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BPM #### Geometry - Grade: 38.23 - Grade Unit: g/t - Intercept: 1 m - From: 261 m - To: 262 m - Intercept Depth: 245 m #### Classification - Deposit Type: orogenic - Program: resource - Sample Type: drill - Group ID: FLRC076:261-262 - Mining Method: underground #### Location - Location: Beachcomber Main Lode - Loc. Confidence: medium - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This bonanza-grade intercept is the highest reported to date at Beachcomber, representing a highly material and novel result that significantly enhances the prospect's potential. - Positive factor: Bonanza grade \(38.23 g/t Au\) for orogenic gold, significantly exceeding exceptional thresholds. - Positive factor: Strong grade-width product \(38.23 g/t·m\). - Positive factor: Identified as the 'best drilling result at Beachcomber to date'. - Negative factor: True width not disclosed. - Negative factor: Cut-off grade not disclosed. Evidence · text > 1m @ 38.23 g/t Au fm 261m \(FLRC076\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The September quarter saw BPM commence the largest drilling campaign in the Company’s history: a 20,000m RC program acro" ### FLRC072 [Link to this fact](https://atlas-staging.minestarters.com/news/bpm-quarterly-activities-appendix-5b-cash-flow-report--4950e79a-5472-42cf-8abd-b0d2b6f5bdda#fact-drill-facts-4) Forelands · gold #### Identity - Hole ID: FLRC072 - Project: Forelands - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BPM #### Geometry - Grade: 10.79 - Grade Unit: g/t - Intercept: 2 m - From: 167 m - To: 169 m - Intercept Depth: 150 m #### Classification - Deposit Type: orogenic - Program: resource - Sample Type: drill - Group ID: FLRC072:167-169 - Mining Method: underground #### Location - Location: Beachcomber Main Lode - Loc. Confidence: medium - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This high-grade intercept is a strong result for an underground orogenic deposit, contributing positively to the understanding of mineralization continuity. - Positive factor: High-grade intercept \(10.79 g/t Au\) is strong for underground orogenic deposits. - Positive factor: Above project average and peer 75th percentile. - Negative factor: True width not disclosed. - Negative factor: Cut-off grade not disclosed. Evidence · text > 2m @ 10.79 g/t Au fm 167m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The September quarter saw BPM commence the largest drilling campaign in the Company’s history: a 20,000m RC program acro" ### FLRC072 [Link to this fact](https://atlas-staging.minestarters.com/news/bpm-quarterly-activities-appendix-5b-cash-flow-report--4950e79a-5472-42cf-8abd-b0d2b6f5bdda#fact-drill-facts-5) Forelands · gold #### Identity - Hole ID: FLRC072 - Project: Forelands - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BPM #### Geometry - Grade: 16.37 - Grade Unit: g/t - Intercept: 1 m - From: 167 m - To: 168 m - Intercept Depth: 150 m #### Classification - Deposit Type: orogenic - Program: resource - Sample Type: drill - Group ID: FLRC072:167-168 - Mining Method: underground #### Location - Location: Beachcomber Main Lode - Loc. Confidence: medium - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This exceptional grade sub-interval further highlights the high-grade nature of the mineralization, exceeding benchmarks for underground orogenic deposits. - Positive factor: Exceptional grade \(16.37 g/t Au\) for underground orogenic deposits. - Positive factor: Significantly above project average and peer 75th percentile. - Negative factor: True width not disclosed. - Negative factor: Cut-off grade not disclosed. Evidence · text > incl. 1m @ 16.37 g/t Au fm 167m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The September quarter saw BPM commence the largest drilling campaign in the Company’s history: a 20,000m RC program acro" ### FLRC072 [Link to this fact](https://atlas-staging.minestarters.com/news/bpm-quarterly-activities-appendix-5b-cash-flow-report--4950e79a-5472-42cf-8abd-b0d2b6f5bdda#fact-drill-facts-6) Forelands · gold #### Identity - Hole ID: FLRC072 - Project: Forelands - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BPM #### Geometry - Grade: 7.21 - Grade Unit: g/t - Intercept: 2 m - From: 174 m - To: 176 m - Intercept Depth: 150 m #### Classification - Deposit Type: orogenic - Program: resource - Sample Type: drill - Group ID: FLRC072:174-176 - Mining Method: underground #### Location - Location: Beachcomber Main Lode - Loc. Confidence: medium - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This high-grade intercept is a strong result for an underground orogenic deposit, further confirming the presence of significant mineralization. - Positive factor: High-grade intercept \(7.21 g/t Au\) is strong for underground orogenic deposits. - Positive factor: Above project average and peer 75th percentile. - Negative factor: True width not disclosed. - Negative factor: Cut-off grade not disclosed. Evidence · text > 2m @ 7.21 g/t Au fm 174m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The September quarter saw BPM commence the largest drilling campaign in the Company’s history: a 20,000m RC program acro" ### FLRC072 [Link to this fact](https://atlas-staging.minestarters.com/news/bpm-quarterly-activities-appendix-5b-cash-flow-report--4950e79a-5472-42cf-8abd-b0d2b6f5bdda#fact-drill-facts-7) Forelands · gold #### Identity - Hole ID: FLRC072 - Project: Forelands - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BPM #### Geometry - Grade: 13.16 - Grade Unit: g/t - Intercept: 1 m - From: 174 m - To: 175 m - Intercept Depth: 150 m #### Classification - Deposit Type: orogenic - Program: resource - Sample Type: drill - Group ID: FLRC072:174-175 - Mining Method: underground #### Location - Location: Beachcomber Main Lode - Loc. Confidence: medium - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This high-grade sub-interval reinforces the strong mineralization encountered, exceeding both project average and peer benchmarks. - Positive factor: High-grade sub-interval \(13.16 g/t Au\) is strong for underground orogenic deposits. - Positive factor: Above project average and peer 75th percentile. - Negative factor: True width not disclosed. - Negative factor: Cut-off grade not disclosed. Evidence · text > incl. 1m @ 13.16 g/t Au fm 174m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The September quarter saw BPM commence the largest drilling campaign in the Company’s history: a 20,000m RC program acro" ### FLRC072 [Link to this fact](https://atlas-staging.minestarters.com/news/bpm-quarterly-activities-appendix-5b-cash-flow-report--4950e79a-5472-42cf-8abd-b0d2b6f5bdda#fact-drill-facts-8) Forelands · gold #### Identity - Hole ID: FLRC072 - Project: Forelands - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BPM #### Geometry - Grade: 1.79 - Grade Unit: g/t - Intercept: 5 m - From: 150 m - To: 155 m - Intercept Depth: 150 m #### Classification - Deposit Type: orogenic - Program: resource - Sample Type: drill - Group ID: FLRC072:150-155 - Mining Method: underground #### Location - Location: Beachcomber Main Lode - Loc. Confidence: medium - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept, while confirming mineralization, is of weak grade for an underground orogenic deposit and below comparative benchmarks, making it a neutral to slightly positive result. - Positive factor: Moderate width intercept \(5m\) confirms mineralization. - Negative factor: Grade \(1.79 g/t Au\) is weak for underground orogenic deposits. - Negative factor: Below project average and peer 75th percentile. - Negative factor: True width not disclosed. - Negative factor: Cut-off grade not disclosed. Evidence · text > 5m @ 1.79 g/t Au fm 150m \(FLRC072\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The September quarter saw BPM commence the largest drilling campaign in the Company’s history: a 20,000m RC program acro" ### FLRC077 [Link to this fact](https://atlas-staging.minestarters.com/news/bpm-quarterly-activities-appendix-5b-cash-flow-report--4950e79a-5472-42cf-8abd-b0d2b6f5bdda#fact-drill-facts-9) Forelands · gold #### Identity - Hole ID: FLRC077 - Project: Forelands - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BPM #### Geometry - Grade: 1.33 - Grade Unit: g/t - Intercept: 15 m - From: 260 m - To: 275 m - Intercept Depth: 248 m #### Classification - Deposit Type: orogenic - Program: resource - Sample Type: drill - Group ID: FLRC077:260-275 - Mining Method: underground #### Location - Location: Beachcomber Main Lode - Loc. Confidence: medium - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept, while confirming mineralization over a moderate width, is of weak grade for an underground orogenic deposit and below comparative benchmarks, making it a neutral to slightly positive result. - Positive factor: Moderate width intercept \(15m\) confirms mineralization. - Negative factor: Grade \(1.33 g/t Au\) is weak for underground orogenic deposits. - Negative factor: Below project average and peer 75th percentile. - Negative factor: True width not disclosed. - Negative factor: Cut-off grade not disclosed. Evidence · text > 15m @ 1.33 g/t Au fm 260m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The September quarter saw BPM commence the largest drilling campaign in the Company’s history: a 20,000m RC program acro" ### FLRC077 [Link to this fact](https://atlas-staging.minestarters.com/news/bpm-quarterly-activities-appendix-5b-cash-flow-report--4950e79a-5472-42cf-8abd-b0d2b6f5bdda#fact-drill-facts-10) Forelands · gold #### Identity - Hole ID: FLRC077 - Project: Forelands - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BPM #### Geometry - Grade: 1.44 - Grade Unit: g/t - Intercept: 6 m - From: 248 m - To: 254 m - Intercept Depth: 248 m #### Classification - Deposit Type: orogenic - Program: resource - Sample Type: drill - Group ID: FLRC077:248-254 - Mining Method: underground #### Location - Location: Beachcomber Main Lode - Loc. Confidence: medium - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept, while confirming mineralization, is of weak grade for an underground orogenic deposit and below comparative benchmarks, making it a neutral to slightly positive result. - Positive factor: Moderate width intercept \(6m\) confirms mineralization. - Negative factor: Grade \(1.44 g/t Au\) is weak for underground orogenic deposits. - Negative factor: Below project average and peer 75th percentile. - Negative factor: True width not disclosed. - Negative factor: Cut-off grade not disclosed. Evidence · text > 6m @ 1.44 g/t Au fm 248m \(FLRC077\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The September quarter saw BPM commence the largest drilling campaign in the Company’s history: a 20,000m RC program acro" ### FLRC078 [Link to this fact](https://atlas-staging.minestarters.com/news/bpm-quarterly-activities-appendix-5b-cash-flow-report--4950e79a-5472-42cf-8abd-b0d2b6f5bdda#fact-drill-facts-11) Forelands · gold #### Identity - Hole ID: FLRC078 - Project: Forelands - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BPM #### Geometry - Grade: 1.16 - Grade Unit: g/t - Intercept: 5 m - From: 294 m - To: 299 m - Intercept Depth: 55 m #### Classification - Deposit Type: orogenic - Program: resource - Sample Type: drill - Group ID: FLRC078:294-299 - Mining Method: underground #### Location - Location: Beachcomber Main Lode - Loc. Confidence: medium - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept, while confirming mineralization, is of weak grade for an underground orogenic deposit and below comparative benchmarks, making it a neutral result. - Positive factor: Moderate width intercept \(5m\) confirms mineralization. - Negative factor: Grade \(1.16 g/t Au\) is weak for underground orogenic deposits. - Negative factor: Below project average and peer 75th percentile. - Negative factor: True width not disclosed. - Negative factor: Cut-off grade not disclosed. Evidence · text > 5m @ 1.16 g/t Au fm 294m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The September quarter saw BPM commence the largest drilling campaign in the Company’s history: a 20,000m RC program acro" ### FLRC078 [Link to this fact](https://atlas-staging.minestarters.com/news/bpm-quarterly-activities-appendix-5b-cash-flow-report--4950e79a-5472-42cf-8abd-b0d2b6f5bdda#fact-drill-facts-12) Forelands · gold #### Identity - Hole ID: FLRC078 - Project: Forelands - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BPM #### Geometry - Grade: 2.29 - Grade Unit: g/t - Intercept: 2 m - From: 55 m - To: 57 m - Intercept Depth: 55 m #### Classification - Deposit Type: orogenic - Program: resource - Sample Type: drill - Group ID: FLRC078:55-57 - Mining Method: underground #### Location - Location: Beachcomber Main Lode - Loc. Confidence: medium - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This intercept, while confirming mineralization, is of weak grade for an underground orogenic deposit and below comparative benchmarks, making it a neutral to slightly positive result. - Positive factor: Narrow width intercept \(2m\) confirms mineralization. - Negative factor: Grade \(2.29 g/t Au\) is weak for underground orogenic deposits. - Negative factor: Below project average and peer 75th percentile. - Negative factor: True width not disclosed. - Negative factor: Cut-off grade not disclosed. Evidence · text > 2m @ 2.29 g/t Au fm 55m \(FLRC078\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The September quarter saw BPM commence the largest drilling campaign in the Company’s history: a 20,000m RC program acro" ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.