Stockhead
Bryah Resources’ (ASX:BYH) manganese JV in the Bryah Basin has received a boost after its partner completed all funding requirements to earn a 51% stake in the project.
OM Holdings (ASX:OMH) move to take up its stake by completing Stage 2 – Tranche 4 expenditure of $500,000 is a show of confidence in the project, where exploration has identified significant manganese mineralisation at the Horseshoe South Manganese Mine, Brumby Creek and Black Hill Prospects.
Manganese is considered to be a critical metal by the US Geological Survey due to its essential role in the production of steel with greater strength and flexibility.