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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
18-Nov-2020

Mining Weekly

ASX-listed Bryah Resources has received a A$5-million conditional cash offer for its interest in the Bryah Basin manganese joint venture (JV), with fellow listed OM Holdings.

The company told shareholders on Wednesday that the offer from ASX-listed Primero Group and natural resources specialist investor AMCI Group only applied to the manganese interest in the tenements, with Bryah to retain exposure to all other commodities within the licences.

18-Nov-2020

Stockhead

Special Report: The sale of its Manganese Joint Venture Interest will enable a cashed-up Bryah Resources (ASX:BYH) to aggressively focus on its gold-copper exploration assets and other acquisition opportunities.

WA explorer Bryah has received – and intends to accept — a conditional $5m all-cash offer for its interest in the Bryah Basin Manganese Joint Venture with OM Holdings (ASX:OMH).

The bid comes from well-funded mining services play Primero Group (ASX:PGX) and natural resources specialist investor, AMCI Group.

17-Nov-2020

ABC Goldfields Radio

Managing Director Neil Marston interviewed on ABC Goldfields Radio about the grant of Bryah Resources #gold project mining lease in the Mid West

11-Nov-2020

Mid West Times

A Murchison-focused gold hopeful is hailing a remarkable turnaround in investor sentiment towards industry minnows as it takes a big step towards production.

Bryah Resources last week announced it was eyeing a 2021 start date for gold production at its Tumblegum South prospect, part of the 170sqkm Gabanintha field 40km south of Meekatharra.