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There's not lot of manganese exploration going on in Australia - an OM Holdings and Bryah Resources joint venture and a Mineral Resources-Resource Development Group tie-up being notable exceptions.

Business News

Shares in Bryah Resources were trading as much as 50 per cent higher today after the Perth-based explorer reported recent drill results at its manganese project in Western Australia.

Bryah today announced the first set of results for its recent reverse circulation (RC) drill program at the Bryah Basin project, located approximately 150 kilometres north of Meekatharra.

The drilling results included grades of above 30 per cent manganese, which the company said would support a direct shipping operation.

The Market Herald

• Metals explorer Bryah Resources (BYH) has discovered zones of potentially shipping-grade manganese at the Bryah Basin in central WA
• A recent program of reverse circulation (RC) drilling across four prospects was aimed at new discoveries, and extending known mineralised zones
• The promising new results come from the Black Hill and Brumby Creek prospects, with extensions to high-grade, shallow manganese mineralisation
• Bryah has a significant amount of permitting and environmental work to do, though the company is hoping to fast-track applications for Brumby Creek and Black Hill
• The company will lodge mining lease applications once the supporting documentation is completed
• Joint venture partner OMM is likely to spend $2 million for further exploration as part of the farm-in agreement to gain a 51 per cent stake of the Bryah Basin project
• Bryah Resources is up 42.9 per cent today, with shares trading for six cents each, while OMM shares are up 4.1 per cent to 38 cents each

Small Cap Insider

Bryah Resources Ltd (“Bryah”) has announced the first set of results of its recent reverse circulation (RC) drilling program at its Bryah Basin project (90% owned), which is located approximately 150 km north of the town of Meekatharra in central Western Australia.

Stockhead

Meanwhile in resources, manganese play Bryah Resources (ASX:BYH) rose off the back of solid drilling results.

Stockhead

This year is looking increasingly like a good one for manganese plays with prices rising 50 per cent since the middle of March to $US6.02 ($9.17) per dry metric tonne unit, or about 10kg.

While prices had softened due to the COVID-19 pandemic after a steady recovery earlier this year, a subsequent national lockdown in South Africa — the largest producer of manganese globally — sent the metal flying.

Small Caps

Assays from a reverse circulation drilling campaign by Bryah Resources (ASX: BYH) at the Bryah Basin manganese project in WA’s northwest have confirmed the discovery of a high-grade zone of mineralisation with potential to support a near-term direct shipping production strategy.

The campaign aimed to test for extensions of high-grade manganese intersected at the Black Hill, Brumby Creek and Horseshoe South targets in 2019.

It also included initial drill testing of the nearby Mount Labouchere prospect.

The Rum Rebellion

The Bryah Resources Ltd [ASX:BYH] share price is up today by 30.95%. At time of writing, shares are trading at $0.055, up from $0.042 the day before.

Bryah Resources is a mineral exploration company based in Perth, focusing on high-grade copper, gold and manganese. They have two projects: the Bryah Basin and the Gabanintha project, both located in Western Australia.

Proactive

Drilling at the Brumby Creek and Black Hill prospects in the Bryah Basin JV has returned shallow high-grade manganese.

Proactive

Bryah Resources Ltd (ASX:BYH) is making strong progress with its gold projects and manganese JV interests in Western Australia’s prolific Bryah Basin.

The company’s managing director Neil Marston discusses this progress with Proactive’s Andrew Scott.

An RC gold exploration drilling campaign has just been completed at the Windalah prospect and the company earlier this year completed a resource estimate for 42,500 ounces of gold at Tumbulgum South.

The JV with OM Holdings Limited (ASX:OMH) has also recently completed a manganese drilling program at the Bryah Basin Manganese JV.