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.
Among the companies making headlines this week were:
Bryah Resources (ASX: BYH) and OM Holdings (ASX: OMH)
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.