Bryah Resources (ASX:BYH) - Managing Director, Neil Marston
Managing Director, Neil Marston
Source: Proactive Investors
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  • Bryah Resources (BYH) has completed its manganese drilling program at its Bryah Basin Manganese Joint Venture Project in Western Australia
  • Drilling has now been completed at the Horseshoe South mine, and the Brumby Creek, Black Hill, and Mount Labouchere prospects
  • This drilling program focused on testing for extensions of manganese mineralisation that was identified in 2019
  • Samples will be taken to a laboratory for analysis and results are expected in the upcoming weeks
  • Bryah is up a steady 17.9 per cent and shares are currently trading for 3.3 cents each

Bryah Resources (BYH) has completed its manganese drilling program at its Bryah Basin Manganese Joint Venture Project.

This joint venture project is located 150 kilometres north of Meekatharra in Western Australia.

Bryah has now completed follow-up drilling at the Horseshoe South mine, and the Brumby Creek and Black Hill prospects, and first-pass drilling at the Mount Labouchere prospect.

This 1679 metre drilling program focused on testing for extensions of high-grade manganese mineralisation that was intersected in drilling programs from 2019.

The first batch of samples was taken to a laboratory last week for analysis and the remaining samples will be delivered this week.

Results from the laboratory analysis are expected in the upcoming weeks.

Bryah will now be completing a field phase of Flora Survey at its Black Beauty and Cheval prospects this week.

The aim of this is to prepare for the primary drilling program which is part of the next phase of manganese exploration.

Joint venture background

In 2019, Bryah executed a Manganese Farm-In and Joint Venture Agreement with OMM, a subsidiary of OM Holdings.

From April to August of that same year, OMM funded $500,000 for project expenditure which returned highly promising manganese results.

In August, OMM chose to proceed and the joint venture was formed after it paid $250,000 to secure 10 per cent of the joint venture.

OMM can now progressively pay $2 million to earn an interest of 51 per cent by June 30 2022.

Bryah is up a steady 17.9 per cent and shares are trading for 3.3 cents each at 2:26 pm AEST.

BYH by the numbers
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