BPM Minerals was the strongest performer among the week’s featured ASX stocks, with its shares more than doubling after maiden drilling identified high-grade gold at the Bonnie & Clyde prospect in Western Australia’s Eastern Goldfields.
The junior miner rose 117 per cent, from 18 cents to 39 cents, after reporting that one of the first two holes drilled at the Forelands project intersected multiple gold-bearing zones.
The standout result was four metres at 20.57 grams per tonne of gold from a depth of 39 metres, including one metre grading 73.33 grams per tonne. The same hole also returned eight metres at 9.23 grams per tonne from 71 metres.
BPM said the discovery lies within a six-kilometre gold-in-soil anomaly at Bonnie & Clyde, about 150 kilometres east of Kalgoorlie. The mineralisation was found beneath between 15 and 30 metres of paleochannel sands, within a quartz-veined shear zone along the Yellow Dam shear.
The second hole did not produce a significant result, but the company said the shallow mineralisation remained open along strike and down-dip. It added that the host rocks were in the same broad geological setting as AngloGold Ashanti’s Tropicana deposit.
BPM has completed 38 reverse-circulation holes covering 5,272 metres at Bonnie & Clyde, with results from further drilling expected through the December quarter and into early 2027. Another 27 holes, covering 4,700 metres, remain in the 65-hole programme, while diamond drilling is planned to help define the system beneath the cover.
Drilling is continuing across four priority gold-in-soil anomalies. BPM reported having $5.3 million in cash to fund further exploration.
NextDC shares rebound after strategic stake-building
NextDC was the second-best performer among the featured stocks, climbing 77 per cent from $5.87 to $10.38 after Goodman Group and Digital Realty Trust acquired a strategic interest in the data-centre operator.
The two companies bought up to 9.9 per cent of NextDC through Ackland Investments No.1 Trust at $9.50 a share, representing a 45 per cent premium to the previous closing price.
NextDC’s board described the move as “opportunistic”. The investors said they did not currently intend to make a full takeover offer, although they reserved the right to do so.
The investment came shortly after NextDC lost about $3 billion in market value in a single day when delays led it to pause new developments. The company is recognised for designing, building and operating a network of top-tier data centres in Australia.
The approach has placed renewed attention on the value of NextDC’s assets, with Morgan Stanley suggesting that the $9.50 offer price was below the cost of replacing the company’s capacity.
SciDev wins potential Texas oilfield chemistry contract
Environmental solutions company SciDev completed the featured group after rising 48 per cent, from 14.5 cents to 21.5 cents.
The company was awarded a contract to supply bulk completion chemistry to a major North American oil and gas producer operating in the Delaware Basin, part of the Permian Basin. The agreement could generate up to A$20 million in revenue over 12 months, including an estimated A$14 million in the 2027 financial year.
There is no minimum purchase commitment, however, meaning the timing and value of the work will depend on the customer’s orders. SciDev said its field chemistry team would provide technical support alongside the customer’s workforce in Texas.
The contract extends an existing relationship with an energy services customer and represents a further expansion for SciDev beyond its established water-treatment work in mining, tailings management and industrial wastewater treatment.
It follows three contracts secured the previous month with a combined committed value of almost A$8 million. Those agreements include extension options worth up to A$4 million, with about A$5 million of revenue expected in the 2027 financial year.
The three companies’ gains came against a volatile backdrop for markets. Gold recovered above US$4,000 an ounce during the week, while the Nasdaq fell 5.5 per cent and the S&P 500 declined 4.4 per cent in the United States.
