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20-Nov-2020

Business News [subscription]

OM Holdings has raised its stake in a manganese project, two days after joint venture partner Bryah Resources received a $5 million cash offer for its interest in the asset.

OM now holds a 30 per cent stake in the project, situated in Western Australia’s Bryah Basin.

Bryah holds the remaining 70 per cent.

The companies entered into a $7.3 million farm-in arrangement in 2019, which gave OM the option of earning a 70 per cent JV interest.

20-Nov-2020

Mining Weekly

ASX-listed OM Holdings, through its subsidiary OM Manganese, has increased its shareholding in its manganese joint venture (JV) with Bryah Resources, days after the latter announced plans to sell its interest.

As part of its farm-in and JV agreement with Bryah, OM Manganese has funded a further A$500 000 in project expenditure, taking its interest in the project to 30%.

20-Nov-2020

The Market Herald

  • Bryah Resources (BYH) has begun diamond drilling at the Tumblegum South gold deposit in Western Australia
  • Three holes have been planned with aims to confirm the grades of mineralisation, confirm the interpretations made in the geological model, and provide samples metallurgical testwork
  • Drilling is an important step towards improving the current mineral resource estimate of Tumblegum South
  • Results will be reported on in due course
  • Bryah has ended the day a slight 1.32 per cent in the red, with shares trading for 7.5 cents each
19-Nov-2020

Stockhead

Special Report: Bryah is looking to confirm high-grade mineralised zones and a geological model at the Tumblegum South gold deposit with a three-hole diamond drill program.

Selected core from the drilling at the deposit within its Gabanintha project about 40km south of Meekatharra will also be used for communition and metallurgical test work.

The three-hole program totalling 165m is a key step in Bryah Resources’ (ASX:BYH) plan to advance the project towards gold production.

Tumblegum South has a current inferred resource of 600,000 tonnes grading 2.2 grams per tonne (g/t) gold for 42,500oz of contained precious metal.

19-Nov-2020

Hot Copper

  • BRYAH RESOURCES LTD- RECEIVES $5 MILLION CASH OFFER FOR MANGANESE INTERESTS
  • BRYAH RESOURCES- OM (MANGANESE) HOLDS A PRE-EMPTIVE RIGHT TO MATCH OFFER PURCHASE PRICE AND HAS BEEN SERVED NOTICE TO TRIGGER THIS RIGHT
  • BRYAH RESOURCES- CO TO RETAIN RIGHTS TO ALL COMMODITIES OTHER THAN MANGANESE OVER JOINT VENTURE AREA
19-Nov-2020

Kalgoorlie Miner

Junior Murchison gold explorer Bryah Resources could be in for a $5 million cash windfall through the potential sale of its manganese interests to a joint Perth-US bid.

Bryah announced to the ASX yesterday it had received a conditional offer for a 100 per cent cash purchase of the company's interest in the Bryah Basin Manganese Joint Venture.

Perth engineering firm Primero Group and Connecticut-based American Metals and Coal International Group are behind the offer.

18-Nov-2020

Miningnews.net [subscription]

BRYAH Resources has been offered a conditional cash offer for its 80%-owned Western Australian manganese joint venture, prompting its joint venture partner to consider triggering its pre-emptive matching rights.

18-Nov-2020

Investing.com

* BRYAH RESOURCES LTD- RECEIVES $5 MILLION CASH OFFER FOR MANGANESE INTERESTS

* BRYAH RESOURCES- OM (MANGANESE) HOLDS A PRE-EMPTIVE RIGHT TO MATCH OFFER PURCHASE PRICE AND HAS BEEN SERVED NOTICE TO TRIGGER THIS RIGHT

* BRYAH RESOURCES- CO TO RETAIN RIGHTS TO ALL COMMODITIES OTHER THAN MANGANESE OVER JOINT VENTURE AREA

18-Nov-2020

Business News [subscription]

Contractor Primero Group and private investment firm AMCI have made a move on Bryah Resources' stake in a manganese project in Western Australia.

Bryah, based in West Perth, holds an 80 per cent stake in its manganese joint venture with OM Holdings, which holds the remaining 20 per cent interest.

The project is situated in WA’s Bryah Basin.

The companies entered into a farm-in arrangement in 2019, which gave OM the option of spending $7.3 million to earn up to a 70 per cent interest in the project.

 

18-Nov-2020

The Market Herald

  • Another ASX-lister has its eyes on Bryah Resources' (BYH) manganese interests in central WA
  • Primero Group (PGX), together with resources investor ACMI Group, has tabled a $5 million offer for Bryah's stake in the Bryah Basin Manganese Joint Venture
  • Currently, Bryah is exploring the JV with an offshoot of fellow materials stock OM Holdings (OMH), which has a 20 per cent stake in the manganese play
  • That subsidiary also has the option to up its holding to 51 per cent, so it has the right to match the $5 million offer before anything else goes ahead
  • However, if OMH's spin-off doesn't submit its own bid, Bryah intends to take the Primero and ACMI offer to the agreement stage
  • Following the announcement, BYH shares rose 6.85 per cent, worth 7.8 cents each