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Bryah Resources (ASX:BYH) - Managing Director, Neil Marston - The Market Herald
Managing Director, Neil Marston
Source: Small Caps
  • Bryah Resources (BYH) has completed its latest reverse circulation (RC) drilling program at its Bryah Basin Manganese Joint Venture project in WA
  • This drilling program tested for extensions on high-grade manganese mineralisation identified at the Brumby Creek and Black Hill prospects in May
  • It also tested the new manganese targets at the Cheval and Black Beauty prospects
  • Samples from drilling have been sent to the laboratory for analysis and results are expected in the upcoming weeks
  • The results will aid in the planning of the next phase of drilling, which is expected to be completed in Q4
  • Bryah is down a slight 1.64 per cent and shares are trading for six cents each just before market close

Bryah Resources (BYH) has completed its latest reverse circulation (RC) drilling program at its Bryah Basin Manganese Joint Venture project.

This joint venture project lies 150 kilometres north of Meekatharra in Western Australia and covers an area of 1135 square kilometres.

Bryah executed a manganese farm-in and joint venture agreement with OMM, a subsidiary of OM Holdings, for a portion of the project.

In August of the same year, OMM funded $250,000 to secure an initial 10 per cent interest in the joint venture.

To earn a 51 per cent interest, OMM can choose to progressively fund $2 million — in four phases of $500,000 — by June 30, 2022.

This drilling program totalled 2315 metres and tested for extensions on high-grade manganese mineralisation identified at the Brumby Creek and Black Hill prospects in May.

It also tested the new manganese targets at the Cheval and Black Beauty prospects.

Samples from drilling have been sent to the laboratory for analysis and results are expected in the upcoming weeks.

The results will form part of Bryah's ongoing manganese exploration strategy and will aid in the planning for the next phase of drilling which is expected to be completed in Q4.

Bryah is down a slight 1.64 per cent and shares are trading for six cents each at 4:07 pm AEST.


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