Heritage surveys ongoing at the Hawkins zinc/lead project

Yesterday, BPM announced that heritage surveys had commenced across its Hawkins zinc/lead project in the Earaheedy basin in preparation for the 7,500-metre air core drilling program, scheduled for ~early April.

We are not expecting BPM to make a discovery with the air core drilling program but instead want to see the company throw up enough follow-up drill targets to warrant deeper RC/diamond drilling later in the year.

In our 2022 Investment Memo, we highlighted that the Hawkins project was the main reason we continue to hold BPM in our portfolio, With the project sitting ~40km away from Rumble Resources (capped at $269M) Chinook discovery.

It has been a long time coming for the Hawkins project but today’s announcement is the final step before BPM can start to tackle objective #1 from our 2022 Investment Memo and begin exploration works across the project.