BPM Minerals Ltd (ASX: $BPM) phase 2 drilling update

BPM Minerals Ltd (ASX: $BPM) is set to commence the phase 2 AC/RC drilling program at the Claw Gold Project's Louie Prospect in mid-August 2024. The 3,000m combined AC and RC drilling program aims to test the 1km long, 100ppb Au gold in regolith anomaly, following the recent receipt of final drilling approvals.

Executive commentary on upcoming drilling program

We are looking forward to the Phase 2 drilling program at the Louie Prospect within the Claw Gold Project. Following our environmental and heritage assessment and PoW approval, we are now on schedule to re-commence drilling in mid-August. The encouraging outcomes from initial exploration, combined with our strategic proximity to a large gold resource, uniquely position us to unlock substantial value in this prolific gold producing region of WA.

Summary of BPM Minerals phase 2 drilling update

BPM Minerals Ltd (ASX: $BPM) is progressing with the phase 2 AC/RC drilling program at the Claw Gold Project's Louie Prospect, aiming to test the 1km long, 100ppb Au gold in regolith anomaly. The Company's strategic proximity to a large gold resource positions it well to unlock substantial value in this prolific gold producing region of WA. Additionally, BPM Minerals intends to offer eligible holders of BPM listed shares the opportunity to participate in a non-renounceable Entitlement Offer, further details of which will be announced in the coming weeks.