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This company has feet in multiple commodities including gold, manganese and copper.

But Pilgrim is most bullish about the latter of these.

“(The) copper price has gone from $2.50 per pound to $4.20 in last six months and that’s off the back of Biden’s Green New Deal – (a) $1 trillion investment into renewable energy space,” he told Stockhead.

“Which is going to require a lot of copper and there has been a lack of investment in copper exploration in the last 10 years due to the depressed copper price.

“The copper price has run on strength and we think the funds will start flowing into the copper explorers like it did with gold.”

Pilgrim also noted the company’s project is in the same basin as the DeGrussa mine discovered by Sandfire Resources (ASX:SFR).

“It’s a known geological setting for VMS style copper deposits and we feel they’re potentially on the road to a major discovery,” he declared.



Recently completed diamond drilling at Bryah’s manganese assets intersected mineralisation consistent with the geological interpretation from earlier drilling.

This is particularly notable given that previous drilling had intersected high-grade mineralisation.

Bryah Resources (ASX:BYH) highlighted drill hole BRDD005 that tested a high-grade zone of manganese identified by reverse circulation drilling at Area 74 within the Brumby Creek prospect.

Zones of blue-grey high-grade manganese are clearly visible in the BRDD005 drill core and are generally separate from the red-brown iron rich shale zones.


The Market Herald

  • Bryah Resources (BYH) has drilled seven shallow holes at its Bryah Basin Manganese Joint Venture Project in WA
  • Two holes were drilled at the Horseshoe South Extended area, while the other five were drilled at the Brumby Creek Project
  • During this program, Bryah identified manganese mineralisation matches previously drilled samples
  • The company will beneficiate the core samples for commercialisation
  • On the market today, Bryah Resources is down 1.69 per cent and trading at 5.8 cents

The Market Herald

  • Primero Group (PGX) has said no deal to its proposed purchase of Bryah Resources' (BYH) 70 per cent stake in the Bryah Basin Manganese Joint Venture
  • Just last week, Bryah gave the all-clear for Primero to purchase the interest
  • However, Primero has now dropped the deal, as some "outstanding conditions on the deal not been met"
  • While initially all for the deal, Bryah said it was "happy to retain" its 70 per cent interest
  • On the market today, Bryah is down 6.25 per cent and trading at 6 cents per share, while Primero is up 1.77 per cent and trading at 57.5 cents each

Business News [subscription]

Bryah Resources will hold on to its 70 per cent stake in a Mid West manganese project, after joint buyers Primero Group and investment firm AMCI withdrew their $5 million offer.



Bryah is retaining its interest in the Bryah Basin Manganese Joint Venture after an acquisition offer fell over, but the company is happy to retain the project.

And it is not hard to see why.

Manganese has received a lot of love recently as the industrial metal, which is typically used in the manufacture of steel, is increasingly being seen as a low-cost solution for the manufacture of batteries for the growing electric vehicle sector.

This has been sparked in large part by Tesla’s introduction of a new battery with a cathode that is 33 per cent manganese.



Gold has been uncovered at the Gabanintha project in central Western Australia, where Bryah Resources (ASX:BYH) holds a suite of mineral rights. 

Up to 3 grams per tonne (g/t) gold were recorded in the latest assay results from an initial selection of historical drill samples from Australian Vanadium’s (ASX:AVL) namesake project within Gabanintha.

Additionally, a review of metallurgical test work undertaken by AVL showed the presence of gold along with cobalt, nickel and copper in the non-magnetic tail after separation of the vanadium, titanium and magnetite.



Stock analysis veteran and lover of the resources game, Peter Strachan, is back for another instalment of the Rock Yarns podcast.

In this episode Peter chats with Neil Marston, managing director and company secretary of Bryah Resources (ASX:BYH).

Bryah is a Perth-based mineral exploration company with a focus on exploration for high-grade copper-gold and manganese resources located in its two projects areas in the Bryah Basin and at Gabanintha in the Meekatharra region of Western Australia.


Mining Weekly

A subsidiary of ASX-listed OM Holdings, OM Manganese, has waived its pre-emptive rights to match a A$5-million conditional cash offer for ASX-listed Bryah Resources interest in the Bryah Basin manganese joint venture (JV).

Bryah last year announced a A$5-million transaction with ASX-listed Primero Group and natural resources specialist investor AMCI Group to divest of its manganese rights over the JV tenement package, allowing Bryah to maintain exposure to all other commodities within the licence.



The $5m cash windfall will enable Bryah Resources (ASX:BYH) – which recently raised another $1.3m — to more aggressively focus on its gold-copper assets in WA as well as evaluating other opportunities, it says.

In November, Bryah received a $5 million cash offer for its interest in the Bryah Basin Manganese Joint Venture with OM Holdings (ASX:OMH).

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

OMH – which holds a 30 per cent interest and is funding further exploration to earn up to a 51 per cent from Bryah — had a pre-emptive right to match the cash offer.

OMH has now advised Bryah that it will not match the offer, which allows the explorer to finalise the $5m deal.

Importantly, Bryah retains rights to all commodities other than manganese over the joint venture area, which is highly prospective for copper and gold.