- BPM Minerals (BPM) lodges applications to triple its land position in Western Australia’s Earaheedy Basin
- With recently granted projects Rhodes and Iron Well, BPM has now set its sights on a new lead-zinc project to the south-east, titled Perenti
- The company says the prospectivity of the area has been bolstered by fellow ASX-lister Strikland Metals’ high-grade zinc lead discovery
- Additionally, the company is expecting its third and most advanced project, Hawkins, to be granted by November, with land access negotiations said to be progressing
- Shares are up 6.06 per cent at 35 cents at 10:44 am AEDT
BPM Minerals (BPM) has lodged applications to triple its land position in Western Australia’s Earaheedy Basin.
With recently granted projects Rhodes and Iron Well, BPM has now set its sights on a new lead-zinc project to the south-east, titled Perenti.
This new project covers 555 square kilometres and is reportedly prospective for lead, zinc and silver mineralisation.
The prospectivity is based on a basin-wide review of historical Geological Survey
of Western Australia soil sampling programs, which identified priority lead-zinc
The company is expecting its third and most advanced project in the area, Hawkins, to be granted in mid-November.
The management team is reportedly heading to the Pilbara this week to meet with local Native Title Holders to finalise negotiations on access to the project.
The Hawkins Project covers a strike length of the prospective Frere-Yelma Formation unconformity which BPM said remains untested.
Ground gravity programs are scheduled to begin in November, pending access approval, to identify areas of the higher density potentially representing accumulations of massive sulphides.
BPM said the potential of intersecting lead and zinc mineralisation in the Earaheedy basin had been bolstered by ASX-listed company Strickland Metals (STK) recent high-grade zinc-lead discovery at the Iroquois prospect.
STK drilling identified a new mineralised stratigraphic horizon for exploration, with high-grade intersections returned from the lower Iroquois dolomite unit.
While BPM remains focused on exploring the Frere-Yelma Formation unconformity, work is said to be underway to incorporate the Iroquois Dolomite unit in exploration programs.
Shares are up 6.06 per cent at 35 cents at 10:44 am AED.