- Bryah Resources (BYH) has entered a trading halt while it plans an upcoming capital raising
- The company will remain in the halt until June 7 or when more details are released, whichever occurs first
- Just yesterday, Bryah identified new manganese targets at its Bryah Basin Manganese joint venture Project in WA
- 50 rock chip samples were collected and successfully confirmed the presence of outcropping and high-grade manganese with up to 49 per cent encountered
- Bryah also began a gradient array induced polarisation survey earlier in the week over the Priority 1 and Priority 2 areas
- Shares in Bryah last traded at 7.9 cents on June 2
Bryah Resources (BYH) has entered a trading halt while it plans an upcoming capital raising.
The company will remain in the halt until June 7 or when more details are released, whichever occurs first.
Bryah is yet to disclose how much it intends to raise or what it will use the funds for once received.
Just yesterday, Bryah identified new manganese targets at its Bryah Basin Manganese joint venture Project in WA.
In April, the company completed a geological mapping program which was undertaken to identify new areas of high-grade manganese.
50 rock chip samples were collected and successfully confirmed the presence of outcropping and high-grade manganese with up to 49 per cent encountered.
Bryah also began a gradient array induced polarisation survey earlier in the week over the Priority 1 and Priority 2 areas.
Previous work successfully detected manganese mineralisation and Bryah believes it can find more.
Shares in Bryah last traded at 7.9 cents on June 2. The company has a $12.44 million market cap.