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Proactive

Bryah Resources Ltd's (ASX:BYH) Neil Marston caught up with Proactive's Andrew Scott following the news this morning that they've completed an aircore (AC) drilling program of 67 holes for 5,998 metres at four high-priority gold-copper prospects within the Bryah Basin Project, in Western Australia. Samples are with the laboratory or in transit and assay results are expected in late October.

Proactive

The AC drilling tested the large soil geochemical anomaly at Windalah East, and first pass reconnaissance drilling at the Wongawar, Fortnum East and Fiddlers East prospects.

Paydirt

A lot can happen in three years, as Bryah Resources Ltd managing director Neil Marston has experienced since listing the company in October 2017.

Bryah was floated on the back of prospective gold-copper tenements about 150km north of Meekatharra. However, within a week of trading on the ASX, its focus pivoted towards manganese after Marston spotted a small mining operation on a neighbouring licence from the top of Horseshoe Range where he was attempting to make a phone call.

A lucrative JV with Bootu Creek mine operator OM Holdings Ltd followed almost 18 months after that strategic shift in direction and now, as the third anniversary of Bryah's IPO rapidly approaches, Marston appears to have a third mineral opportunity in the Bryah Basin to consider.

Stockhead

Manganese has never really piqued the interest of investors like gold, lithium or even nickel despite being one of the most used metals in the world.

That perception might soon change.

Manganese has traditionally being linked to steelmaking with about 90 per cent of all manganese going into that sector.

The market for the metal has also been disrupted by the COVID-19 pandemic with Bryah Resources (ASX:BYH) managing director Neil Marston telling Stockhead that there are currently large stock piles in Chinese ports right now that have dragged on pricing to about $US4 per dry metric tonne unit (dmtu).

“However, as these stockpiles reduce back to normal levels, we would expect to see manganese ores trading above $US5/dmtu again in 2021,” he added.

Fintech Inshorts

• Bryah Resources has received the final set of results from its recent reverse circulation drilling program at the Bryah Basin Manganese Project
• Results come from the Black Hill, Black Beauty and Cheval prospects where 95 holes drilled to test two new manganese targets and test previous extensions
• These results will also enable Bryah to complete geological modelling and a mineral resource estimate
• A heritage survey planned to begin this month to clear additional areas for drilling
• Another program of manganese drilling planned for the December quarter to test new exploration targets which there has previously not been access to
• Bryah is down 3.64 per cent and shares are currently trading for 5.3 cents

The Market Herald

• Bryah Resources (BYH) has received the final set of results from its recent reverse circulation (RC) drilling program at the Bryah Basin Manganese Project
• Results come from the Black Hill, Black Beauty and Cheval prospects where 95 holes were drilled to test two new manganese targets and test previous extensions
• Results peaked at 20.5 per cent manganese from Black Beauty, 22 per cent manganese from Cheval and 36.3 per cent manganese from Black Hill
• These results will enable Bryah to complete geological modelling and a mineral resource estimate
• Another program of manganese drilling is planned for the December quarter to test new exploration targets which there has previously not been access to
• Bryah is down 3.64 per cent and shares are currently trading for 5.3 cents

Proactive

OMM, a wholly-owned subsidiary of OM Holdings Ltd, has completed the Tranche-1 funding of $500,000 and now holds a 20% interest in the JV project.

Bryah Resources Ltd (ASX:BYH) has intersected further potential direct shipping grade manganese in reverse circulation (RC) drilling at the Bryah Basin Manganese joint venture project near Meekatharra in central Western Australia.

The Market Herald

• Bryah Resources (BYH) has begun an aircore and reconnaissance drilling program at its namesake project in central Western Australia
• Aircore drilling will test a large soil geochemical anomaly at the Windalah East prospect
• At least 30 holes, for 2500 metres, of aircore drilling is planned along with a further nine holes to test a gravity low anomaly
• Furthermore, Bryah will undertake a 2000-metre first pass reconnaissance drilling program at the Wongawar, Fortnum East and Fiddlers East prospects
• This marks the first time these prospects have been drilled
• Company shares last traded six per cent higher for 5.3 cents

The Pick

Bryah Resources Limited (ASX: BYH) has kicked off a 5,500 metre aircore (AC) drilling programme at various prospects within the company’s Bryah Basin Project, located in central Western Australia.

Proactive

The company will complete aircore drilling over a large soil geochemical anomaly with Volcanogenic Massive Sulphide potential at Windalah East prospect.

Bryah Resources Ltd (ASX:BYH) has started a 5,500-metre aircore (AC) drilling program testing four gold-copper prospects within the Bryah Basin Project in Western Australia.

The program, which is expected to take 2-3 weeks, aims to complete testing the large geochemical anomaly at Windalah East and undertake first pass reconnaissance drilling for gold-copper at the Wongawar, Fortnum East and Fiddlers East prospects.