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24-Jun-2021

Stockhead

In a sign of confidence for Bryah Resources’ developing Bryah Basin manganese project, JV partner OM Holdings has committed to grow its stake to 51%.

OM, which is funding exploration at the project owned and managed by Bryah Resources (ASX: BYH), has again put its money where its mouth is with a commitment to spend a fourth tranche of $500,000 at the JV.

It will take the total investment OM has made in the JV to $3 million since 2019, after the Singapore-based miner recently spent a further $500,000 to up its stake from 30-40%.

Malaysian-listed OM’s enthusiasm for the Bryah Basin JV has only gotten stronger since Bryah reported recent samples of up to 49% in rock chips.
While it didn’t release an announcement of its own, OM’s shares skyrocketed this morning by 24% to more than $1.

11-Jun-2021

Livewire

180 Markets raised $4m for Bryah Resources (ASX: BYH) at a price of 7.5c per share. All investors received a free attaching 9c option that will expire in 2023. The raise was many times oversubscribed which is not surprising given the current investor confidence in the copper, gold and manganese sectors. Funds raised will be applied for its extremely busy drilling at the company's Bryah Basin and Gabanintha projects, for sample analyses, technological staff & contractors, remote sensing and metallurgical testwork. Bryah Resources has successfully been granted an allocation of up to $585,000 in JMEI tax credits for the 2020/2021 income tax year. It has been a long time coming since Bryah Resources has been fully funded and now they are able to be fully capitalised on their drilling projects. Drill Drill Drill. Previous raises have fallen short and we at 180 Markets were extremely proud to be so heavily oversubscribed.

11-Jun-2021

Stockhead

ASX Capital Raise Review is a fortnightly look at ASX capital raisings.

Should we lock ‘em down for 22 hours per day or let ‘em loose, in Melbourne? Is inflation heading out of control or is technology innovation the ultimate deflator? What are the correct answers? The simple truth is we don’t know and you should be prepared to get comfortable with uncertainty.

Regarding the inflation topic, we are seeing strong interest in those companies with commodity projects including the likes of Duke Exploration (ASX: DEX), Argonaut Resources (ASX: ARE), and Bryah Resources (ASX: BYH) which act as a hedge against inflation. Whether inflation is real or perceived, the issue is affecting current share prices positively.

9-Jun-2021

Business News [subscription]

Bryah Resources has secured funds from a heavily oversubscribed share placement to continue its search for copper and gold in WA's Murchison region.

9-Jun-2021

The West Australian [subscription]

Junior explorer Bryah Resources has closed out a heavily oversubscribed capital raising as it continues to hunt for copper and gold in the Murchison.

9-Jun-2021

Stockhead RockTalks

RockTalks is a Stockhead video series featuring a roundtable of resources experts discussing a new macro topic each week. The program is sponsored by Bridge Street Capital Partners, a leading ECM and principal investment firm focused on mining, energy & tech.

In this episode, host Peter Strachan takes a look at the copper market.

Populating the expert panel for this discussion is Neil Marston, managing director, Bryah Resources (ASX:BYH), Rob Tyson, managing director, Peel Mining (ASX:PEX) and Tim Mason, CEO of Eagle Mountain Mining (ASX:EM2).

The group discuss a range of topics, including Australia’s copper hotspots, key investment locations, the respective company’s flagship projects and much more.

7-Jun-2021

Mining Weekly

Perth-based explorer Bryah Resources has received binding commitments totalling $3.95-million for a 52-million share placement the company plans to offer.

The free attaching options the company will be offering, with an issue price of $0.075 apiece and exercise price of $0.09 apiece, will expire on January 2023 and are of the same security class as existing listed options on the ASX.

7-Jun-2021

Stockhead

Investors have demonstrated their belief in Bryah and its copper-gold exploration in Western Australia by committing to a $3.95m share placement.

Notably, the placement price represents a miniscule 1.06 per cent discount to the 15-day volume weighted average price of BYH shares.

Each share also includes a free attaching option that expires on 31 January 2023 and has an exercise price of 9c.

Proceeds from the placement of 52.67 million shares priced at 7.5c each will be used to fund diamond, reverse circulation and aircore drilling across multiple gold and copper-gold targets at its Bryah Basin and Gabanintha projects.

1-Jun-2021

Mining Weekly

Junior Bryah Resources has reported a 31.3-million-tonne nickel/copper/cobalt mineral resource estimate for the Australian Vanadium deposit, at its Gabanintha project in Western Australia.

Fellow-listed Australian Vanadium, which holds the mineral rights to the vanadium, titanium, iron and cobalt at the deposit, is currently undertaking a bankable feasibility study for a vanadium operation.

1-Jun-2021

Stockhead

Bryah has upgraded resources at its Gabanintha project in Western Australia that includes an indicated component within planned open pits.

The resource at Gabanintha now stands at 31.3 million tonnes grading 761 parts per million (ppm) nickel, 210ppm copper and 228ppm cobalt, or a contained resource of 23,770t of nickel, 6,556t of copper and 7,116t of cobalt.

That’s a 119 per cent increase from the previous estimate.

Importantly, Bryah Resources (ASX:BYH) notes that this includes a higher confidence indicated resource of 17.7Mt at 760ppm nickel, 205ppm copper and 229ppm cobalt, situated within the high-grade vanadium zone (HG10) within the three planned open pits of the Australian Vanadium Project.