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The Market Herald

  • Bryah Resources (BYH) has received binding commitments to raise $1.55 million and will use the money for its Bryah Basin Project in WA
  • Up to 31 million shares will be issued to sophisticated and professional investors at a price of five cents per share
  • Byron will use the money to undertake a combination of reverse circulation and aircore drilling at multiple prospects within the project
  • The money will also be used to locate extensions to the mineral resource at the Tumblegum South Gold Deposit and fund a downhole electromagnetic survey
  • Bryah is currently down 6.78 per cent and shares are trading for 5.5 cents each


Up to 8,000 metres of reverse circulation and aircore drilling will take place over the next six months at multiple prospects within the Bryah Basin.



Bryah Resources Ltd (ASX:BYH) has been granted a trading halt by the ASX ahead of a capital raising announcement.

The trading halt will be in place until the start of trading on Tuesday, June 16, or when an announcement is released to the market, whichever occurs earliest.

Shares last traded at 5.9 cents and are up from 2 cents at close on March 31.



The Horseshoe South Manganese Mine is on a granted mining lease, allowing quick re-permitting for mining.


The Pick

The fortunate availability of a rig in the area has led Bryah Resources Limited (ASX: BYH) to successfully hit shallow, high-grade gold at its Windalah Gold-Copper Prospect within the Bryah Basin, north of Meekatharra in central Western Australia.

Managing Director, Neil Marston, said the short gold exploration drilling programme was opportunistically undertaken as a result of rig availability and was aimed to test for shallow extensions of the zones of high-grade gold mineralisation intersected by Bryah’s drilling in 2018.



Impressive assays from the short gold exploration drilling program by Bryah Resources Limited (ASX: BYH) at the Windalah prospect within its Bryah Basin manganese project in WA have confirmed Bryah Basin gold potential.

The company announced that a three-hole RC drilling program has been completed at Windalah Gold-Copper Prospect.

BYH reported best result of 12 metres @ 4.32 g/t Au from surface, including 2 metres @ 17.19 g/t Au from 3 metres from hole BBRC049.



Follow-up drilling will be required to test the extent of gold at Windalah and planning is underway to get back drilling as soon as practicable.



The drilling program at Horseshoe South was focused on testing for extensions of manganese mineralisation intersected in drilling programs completed in 2019, as well as from previous exploration.

Bryah Resources Ltd (ASX:BYH) has received further high-grade manganese results from drilling at Horseshoe South deposit within the Bryah Basin JV in WA.

The JV has released the second set of results from recent reverse circulation (RC) drilling in the Main and Extended Pits at the historical Horseshoe South mine.


Mining News

There's not lot of manganese exploration going on in Australia - an OM Holdings and Bryah Resources joint venture and a Mineral Resources-Resource Development Group tie-up being notable exceptions.


Business News

Shares in Bryah Resources were trading as much as 50 per cent higher today after the Perth-based explorer reported recent drill results at its manganese project in Western Australia.

Bryah today announced the first set of results for its recent reverse circulation (RC) drill program at the Bryah Basin project, located approximately 150 kilometres north of Meekatharra.

The drilling results included grades of above 30 per cent manganese, which the company said would support a direct shipping operation.