09 Dec 2021

Company Presentation

4 Discovery - ready Projects in some of WA’s most prolific mineral regions Company Presentation – December 2021 ASX:BPM 4 DISCOVERY - READY PROJECTS Groundwork completed paving way for exciting 2 nd year 2 1. HAWKINS LEAD - ZINC PROJECT • Signed Heritage and access agreement with Traditional Owners – tenement grant expected within weeks • Exploration and drilling to commence early 2022 in an emerging Pb - Zn - Ag district • Historical scout drilling intercepted Pb - Zn mineralisation ~ 40m in the Frere/ Yelma unconformity - similar to RTR’s Chinook 1 . 2. SANTY GOLD PROJECT • Phase - 1 aircore drilling outlined 2.2km - long gold anomalous zone • Phase - 2 drilling Q2 2022 3. NEPEAN NICKEL - GOLD PROJECT • MLEM survey underway, results expected January 2022 4. CLAW GOLD PROJECT • Aeromagnetic Survey completed • Chickie and Lewi drill - ready targets identified • Access agreements progressing 1 Rumble Resources is an ASX listed company (RTR) that announced a “Major Zinc - Lead Discovery at Earaheedy Project” (19th April 2021) $ 250m . CAPITAL STRUCTURE 49.06 m SHARES ON ISSUE $6.65 m ENTERPRISE VALUE MKT CAP at 22.5cps $11.2m PAUL LLOYD Non - Executive Chairman Currently Managing Director of Arizona Lithium (ASX:AZL), a US - focused Lithium explorer, Mr Lloyd has been responsible for a number of successful IPOs, RTOs, project acquisitions and capital raisings for ASX - listed public companies . EMMANUEL CORREIA Non - Executive Director Founding director of Peloton Capital and Peloton Advisory and has over 25 years’ public company and corporate finance experience. $4.55m CASH at 1 Dec 2021 3 CHRIS SWALLOW Chief Executive Officer 15 years’ experience across both public and private sectors. Mr Swallow most recently worked in an operational capacity as the Corporate Development Officer for Guinea - focused gold explorer Predictive Discovery Limited (ASX: PDI). GREG SMITH Non - Executive Director Exploration manager for Moto Gold Mines Ltd, responsible for the discovery of 22.5 million ounces of gold in the Democratic Republic of Congo ( Kibali Mine). He is a Member of AusIMM . OLIVER JUDD Exploration Manager An exploration geologist with more than 15 years’ experience with precious and base - metals with Talisman, OMNI GeoX , Capricorn and Dreadnought. He is a Member of AusIMM . 38.4 m OPTIONS @ 0.20c exc. (2025) DRIVING WESTERN AUSTRALIA’S NEXT DISCOVERY Corporate Overview TENURE AND LOCATION • 835km 2 landholding with historical Pb - Zn mineralisation identified in limited historical scout drilling • Located ~40km NW of the Rumble Resources (ASX:RTR) Chinook lead - zinc discovery • Signed Heritage and access agreement with Traditional Owners paves way for Hawkins tenement grant within weeks GEOLOGY AND EXPLORATION TARGET • RTR results confirm a SEDEX - type deposit, usually found in multiple basin locations • Recent Iroquois discovery by STK (23m @ 5.5% Pb+Zn 1 deeper within basin highlighting the potential of the basin for further discoveries 1 4 Earaheedy Basin Projects RTR and STK Discoveries confirm Earaheedy as a rapidly developing region for large Zn - Pb discovery 1 ASX Announcement - High grade Mississippi Valley - type zinc - lead discovery in Earaheedy Basin (18 October 2021) SETTING & HISTORICAL EXPLORATION • Prospective for both Chinook style Frere - Yelma unconformity mineralisation and Iroquois - style carbonate hosted mineralisation • Peak historical result (RGC Exploration 1990’s) from Pinnacles Prospect returned 2m @ 0.25% Zn and 0.31% Pb ( HRC12 ) 1 TARGETS & UPCOMING WORK PROGRAM • ~ 40km of prospective strike for both Chinook and Iroquois style mineralisation • Drilling fast - tracked to commence early Q2 2022 testing surface projection of key prospective horizons • Aeromagnetic interpretation has identified 17 litho - structural targets associated with key fundamental structures • Review of historical VTEM data has identified several conductive anomalies potentially related to sulphide accumulations • Earaheedy Lead - Zinc potential bolstered by recent Strickland Metals ( ASX:STK ) high - grade Zn - Pb discovery with new Iroquois mineralised stratigraphic horizon found deeper in the system HAWKINS PROJECT 1 ASX Announcement - BPM to acquire three projects in the Earaheedy basin and complete placement [19 May 21] 5 TENURE AND GEOLOGICAL SETTING • 663km 2 project area • Located in the Tallering Greenstone belt • 80% of Project area under cover EXPLORATION AND PLANNED WORK • Phase - 1 AC drill program completed, outlining a 2.2km - long gold anomalous zone • Chip logging confirmed important geological features, including wide zones of sulphides, comparable to adjacent gold projects within the Santy Gold Project area • Encouragingly, with most of the Santy Project under a complex sequence of cover, gold mineralisation was intersected in both weathered and fresh rock • Drilling at UM1 intersected anomalous levels of Nickel, Cobalt and Platinum Group Elements (PGE’s), highlighting the potential for Julimar - style ultramafic intrusive mineralisation SANTY PROJECT Phase - 1 Drilling Completed, Results Imminent 1 Source (Diagram): ASX Announcement - Santy Aircore Results Define 2.2km - Long Gold Anomaly (25 November 2021) 6 PLANNED WORK • Detailed drone magnetic survey - January 2022 ( IZ5 , IZ6 , Z7 & IZ8 prospects) • Heritage Survey - Feb 2022 • Phase 2 AC drilling – Q2 2022 (120 AC holes for 5,000m) • RC Drilling – Q4 2022 “Our work at Santy is just in its infancy, but we are excited by the opportunity and believe the Project has all the hallmarks for a potential gold discovery” – BPM CEO Chris Swallow SANTY PROJECT Phase - 2 in 2022 7 DRILL READY TARGETS FALLING OUT OF INITIAL WORK • Located <2km south of the historic Nepean nickel Mine (ASX: AOU) that produced 32,303 tonnes of mined nickel at an average recovered grade of 2.99% nickel 1 • Nepean Project underlain by geology similar to the Nepean nickel Mine • Prospective for both greenstone - hosted gold deposits and nickel sulphide deposits • Phase - 1 drilling program identified ultramafic rocks , potentially fertile for nickel sulphide mineralisation 2 • MLEM survey completed Dec 2021 • RC - ready targets currently being generated 8 1 AOU Announcement - Intersections of over 5% Ni extend high - grade mineralisation at Nepean (15 Feb 2021) 2 ASX Announcement - 200 Metre - Long Nickel Anomaly Identified from Nepean AC [7 May 2021) NEPEAN PROJECT Less than 2km from world - class nickel mine CLAW PROJECT Abutting Australia’s newest 2Moz Gold Project TENURE AND GEOLOGICAL SETTING • 134km 2 project area • 33km of prospective strike • 80% of tenement area regolith covered with limited previous exploration • Review of historical open file drill data identified two drill - ready gold anomalies - Chickie and Lewi • Capricorn Metals (ASX: CMM ) recently acquired Mt Gibson and updated the Inferred Mineral Resource Estimate now 79.7Mt @ 0.8g /t Au for 2.1 Moz Au 1 • Proposed Mt Gibson pit wall < 1km from northern boundary • Southern extension of the Mt Gibson shear zone interpreted via magnetics to continue into license area 9 1 CMM ASX Announcement - Capricorn acquires 2.1 million ounce mt gibson gold project [28 July 2021] • Chickie - 1,000m x 500m ready - to - drill gold - in - regolith anomaly with gold identified in the underlying fresh rock • Lewi - 1,200 x 400m gold - in - regolith anomaly located on the northern margin of the Project, open towards the Mount Gibson Gold Project • Aeromagnetic survey completed December 2021 PLANNED EXPLORATION • Geochemical surveys to commence upon tenement grant in Q1 2022 10 CLAW PROJECT Chickie and Lewi drill - ready gold anomalies identified 2022: Drilling, Drilling, Drilling…and more Drilling 11 Q1 Q2 Q3 Q4 Hawkins (Pb - Zn - Ag) Tenement Grant, Heritage survey, Aircore drilling (7,500m) Assays Heritage survey RC Drilling (5,00m) Target Generation (Mapping, Sampling) Santy (Au) Heritage survey Phase - 2 Aircore drilling (5,000m) Assays RC Drilling Nepean (Ni - PGE's) MLEM Results + infill MLEM Target Generation and analysis RC Drilling (2,500m) Claw (Au) Tenement Access Agreement and soil sampling Aircore drilling ( 5,000m ) 2022 OUR BELT AND BASIN EXPOSURE WITH DRILLING IMMINENT ACROSS THREE EXCITING PROJECTS 2 ND YEAR IMPACT Exploration programs underway across the Earaheedy , Murchison and Eastern Goldfields 12 FOUR LIVE AND DISCOVERY - READY PROJECTS Exposure to Pb - Zn - Au - Ni - Cu in one of the worlds great mineralised jurisdictions BASINS, GREENSTONE BELTS AND NOTABLE NEIGHBOURS Projects located within the Earaheedy Basin, Murchison and Eastern Goldfields greenstone belts, close to historic and producing mines EXPLORATION FOCUS Phase - 1 exploration programs completed at Nepean, Santy and Hawkins with new programs to drive newsflow FUNDED TO DRILL Board and Management comprised of exploration professionals, with experience discovering and funding resource projects globally WHY INVEST Contact Information Chris Swallow Chief Executive Officer E cs@bpmminerals.com P +61 412 174 882 bpmminerals.com
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