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3-May-2019

Boardroom Media

Managing Director, Neil Marston, interviewed by Boardroom Media

1-May-2019

Investing News

Bryah Resources Limited (ASX:BYH) has announced it has completed the acquisition of the historic Horseshoe South manganese mine in Western Australia.

The company is pleased to advise that it has completed the purchase for a total consideration of AU$340,000, being a cash payment of AU$170,000 and the issue of ordinary shares to the value of AU$170,000. A total of 2,615,385 new shares have been issued to the vendor, Peak Hill manganese Pty Limited, at AU$0.065 per share as determined under the option agreements.

1-May-2019

Kalkine Media

Mineral Explorer, Bryah Resources Limited (ASX:BYH) made a set of announcements on 29th April 2019 regarding acquisition of historic Horseshoe South Manganese Mine and quarterly updates.

The company announced exercising options to acquire the historic Horseshoe South Manganese Mine for a total consideration of $340,000, with a cash payment of $170,000 and the issue of ordinary shares valued at $170,000 as well as rights to prospect, explore and mine manganese ore, while having Manganese Rights over a stretch of 154km2 within the Bryah Basin in central Western Australia.

1-May-2019

Proactive Investors

The tenements are part of the Bryah Basin Manganese Project area, the focus of exploration under a $7.3 million manganese farm-in and JV agreement between Bryah Resources and OM Holdings.

Bryah Resources Ltd (ASX:BYH) has exercised options to acquire the historical Horseshoe South Manganese Mine along with rights to prospect, explore, mine and develop manganese ore over a further 154 square kilometres within the Bryah Basin in central Western Australia.

30-Apr-2019

Kalkine Media

OM Holdings Limited (ASX: OMH), entered into a binding Farm-In and Joint Venture Agreement with Bryah Resources Limited for the Bryah Basin Manganese Project. Under the Farm-In and Joint Venture Agreement for the Bryah Project, OM (Manganese) Ltd had made a payment of A$0.25 million, and it has been granted an option to acquire an initial 10% interest in the Bryah Project.

27-Apr-2019

Small Caps

A string of non-trading days helped the Australian share market to rocket to an 11-year high with a strong across the board performance. Every trading session was a winner with the market closing at the highest level since December 2007 on Friday.

Bryah Resources is set to unlock the manganese value of its Bryah Basin project after OM Holdings agreed to earn up to 70% in the project by spending $7.3 million on exploration. OM’s payments will be broken down in various stages and milestones, with the duo anticipating developing a near-term commercial manganese mine at the project.

“The execution of this agreement with the highly regarded OM Holdings Group is a game-changing event for Bryah and its shareholders,” Bryah managing director Neil Marston said. Mr Marston said the joint venture de-risked Bryah’s strategy to become a manganese miner while it firms up the copper and gold potential across its tenements.

25-Apr-2019

Fastmarkets MB

Here are five Fastmarkets MB stories you might have missed on Wednesday April 24 that are worth another look.

OM Manganese will spend as much as Australian $7.3 million ($5.2 million) to establish a manganese ore joint venture in western Australia with copper-gold-manganese explorer Bryah Resources, Fastmarkets heard on Wednesday April 24.

24-Apr-2019

Fastmarkets MB

OM Manganese will spend as much as A$7.3 million ($5.2 million) to establish a manganese ore joint venture in Western Australia with copper-gold-manganese explorer Bryah Resources. Under the agreement, OM Manganese, which is a wholly-owned subsidiary of Australia-listed mining and metallurgical group OM Holdings (OMH), can earn an interest in as much as 70% of the mineral rights at the Bryah Basin manganese project.

24-Apr-2019

National Resources Review

Perth-based junior miner, Bryah Resources Limited (Bryah), has just signed an AU$7.3 Million manganese Farm-In agreement and executed a Joint Venture Agreement (Agreement) with OM Holdings Limited (OM) –  a strong player in the manganese industry.

23-Apr-2019

The West Australian

OM Holdings has swooped on Bryah Resources, signing a $7.3 million farm-in and joint venture deal with the tiddler as it looks to replace its Bootu Creek mine in the Northern Territory.

Under the terms of the deal, OM can secure 70 per cent of Bryah’s 660sqkm landholding near Meekatharra.

Bryah will also exercise an option to buy the historic Horseshoe South manganese mine and manganese rights to a further 154sqkm of adjoining ground, which will be incorporated into the joint venture.