Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Bryah has announced it will raise $2 million in placement for its Bryah Basin and Gabanintha Projects in Western Australia
  • The board of Directors have also committed to collectively subscribe to $150,000 at 6¢ per share

Bryah Resources has announced it will raise $2 million in placement for its Bryah Basin and Gabanintha Projects in Western Australia.

The share price for the placement will be issued at 6¢ per share and it has been strongly supported by new and existing shareholders

The board of Directors have also committed to collectively subscribe to $150,000 at 6¢ per share.

The funds from the placement will go towards following up high priority gold and copper prospects at Bryah Basin and Gabanintha Projects.

The Bryah Basin is located approximately 100-150km north of Meekatharra in Western Australia.  The Company’s tenements and manganese mineral rights cover 880km² over parts of the western Bryah Basin.

The Bryah Basin also hosts several historical Manganese mines, the largest being the Horseshoe South Manganese mine

Gabanintha Project is located approximately 40km south of the town of Meekatharra. Bryah has mineral rights to tenements covering 200km² in the project.

Managing Director Neil Marston is pleased with the response to the placement.

“The successful completion of this placement will see the Company well-funded with $2 million raised for renewed exploration efforts on the company’s excellent gold and copper-gold targets,” he said.

The company is waiting for the placement to be approved by shareholders.

“We look forward to a busy programme of gold and copper-gold exploration in the Bryah Basin and at Gabanintha over the coming months,” Neil added.


BYH by the numbers
More From The Market Herald

" AKORA Resources (ASX:AKO) gets pleasing assays from Madagascar project

AKORA Resources (AKO) has received assays from resource drilling at the Bekisopa project in Madagascar.
Carawine Resources (ASX:CWX) - Non Executive Chairman, Will Burbury

" Carawine Resources (ASX:CWX) begins diamond drilling at Red Bull

Carawine Resources (CWX) has begun diamond drilling on two highly significant bedrock conductors at the Red Bull tenement in Western Australia.

" Woomera Mining (ASX:WML) begins Phase 2 drilling at Mt Venn

Precious and base metals explorer Woomera Mining (WML) has launched a Phase 2 reverse circulation drilling program at its Mt Venn Project in
Challenger Exploration (ASX:CEL) - Exploration Manager, Stuart Munroe

" Challenger Exploration (ASX:CEL) extends mineralisation at Sentazon

Challenger Exploration (CEL) has released results from the next eight holes of its drilling program at the Sentazon prospect within the Hualilan gold