ASX Announcements

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  • Agreement executed on the Tumblegum South gold deposit with Star Minerals Limited
  • Bryah to receive the following consideration on completion:
    • $500,000 cash,
    • 9 Million shares (valued at $1,800,000) in Star Minerals Limited, and
    • 7 Million Performance Rights, which will convert upon achievement of milestones into 7 Million Star Minerals Limited shares
  • The Tumblegum South gold deposit - Inferred Mineral Resource of 600,000 tonnes @ 2.2 g/t Au for 42,500 oz Au
  • Bryah also sells one Exploration Licence in the Bryah Basin for an additional 2,000,000 Star Minerals Limited shares
  • Both transactions conditional upon Star Minerals Limited undertaking IPO and obtaining ASX approval to list by 31 May 2021
  • Bryah likely to hold 21.6% e

• 7 drill holes completed at Horseshoe South and Brumby Creek Prospects
• Manganese mineralisation observed in the core is consistent with the geological interpretation from earlier drilling
• Full core to be submitted for high-resolution non-destructive XRF analysis
• Core samples to be used in beneficiation and comminution testwork
• Completion of manganese Mineral Resource Estimates to follow beneficiation testwork
• All activities are fully funded by OM Holdings Limited

  • $5.0 million conditional cash offer made in Nov 2020
  • Bryah to retain its 70% #manganese JV interest as outstanding conditions have not been satisfied and offer has been withdrawn
  • OMH fully funding project expenditure to increase its Joint Venture interest
  • Outlook for Manganese remains very positive in the growing steelmaking and energy storage sectors
  • Global Manganese Ore demand forecast to grow at 3.5% CAGR to 2025
  • Results pending from recent diamond core drilling program

Up to 3g/t Au recorded in drill samples highlights potential for gold to augment nickel and copper mineral resources

  • Review of metallurgical testwork showed the presence of gold as well as cobalt, nickel and copper
  • Gold testing initiated -217 archived samples tested in late 2020
  • Up to 3 g/t Au recorded in latest sample assays
  • Anomalous gold values recorded over 1.4 km of deposit strike to date
  • Follow-up program of gold analysis of archived drill samples underway