Wet weather timetable in the Earaheedy Basin

Investment Memo: BPM 2022

Key Objective #1: First lead-zinc drill holes in the Earaheedy Basin

This morning our exploration Investment BPM Minerals (ASX: BPM) announced that drilling at its Hawkins Project in the Earaheedy basin had been paused due to “Unseasonal and record rainfall in the Pilbara”.

BPM confirmed that the drill rig is still on site and the entire drilling program will start back up as soon as it is completely safe to be back on site.

The program is for a total of ~7,500m of drilling comprising both Aircore and RC drilling. This will mean BPM can drill with the aircore rig first and then follow up any interesting deeper prospective targets with the heavier RC rig concurrently.

To get a better idea of the context for this round of drilling and for a deeper dive into what we are looking for check out our last note on BPM here: $10M capped BPM drilling now, 40km along strike from $223M capped Rumble Resources