- Bryah Resources (BYH) releases a maiden manganese JORC resource for the Bryah Basin joint venture in Western Australia
- The total indicated and inferred JORC compliant mineral resource reads 1.84 million tonnes at 21 per cent manganese
- Geophysical gradient array induced polarisation are currently being undertaken to generate targets for drill testing buried manganese lenses
- Additionally, ongoing exploration consisting of geophysics and drilling is expected to find additional manganese deposits with an aggressive exploration program planned for 2022
- Bryah ends the day 4.08 per cent in the green with shares trading at 5.1 cents
Bryah Resources (BYH) has released a maiden manganese JORC resource for the Bryah Basin joint venture in Western Australia.
The project is held in a joint venture with OM Holdings (OMH), with Bryah owning 49 per cent of the manganese rights and OM Manganese, a wholly-owned subsidiary of OMH, owning the remaining 51 per cent.
The total indicated and inferred JORC compliant mineral resource reads 1.84 million tonnes at 21 per cent manganese.
The indicated component consists of 1.08 million tonnes of 22 per cent manganese and the inferred component consists of 750,000 tonnes at 20 per cent manganese.
The maiden mineral resource was estimated over Area 74, Brumby Creek, Black Hill and Horseshoe areas, representing six areas in total.
Geophysical gradient array induced polarisation (GAIP) is currently being undertaken to generate targets for drill testing buried manganese lenses.
Additionally, ongoing exploration consisting of geophysics and drilling is expected to find additional manganese deposits with an aggressive exploration program planned for 2022.
“These Mineral Resources will now underpin mining licence applications in the
Brumby Creek and Black Hill locations.” CEO Ashley Jones commented.
“These mineral resources will now underpin mining licence applications in the
Brumby Creek and Black Hill locations. The Horseshoe South area Mineral Resources are already located on a granted mining lease and this will take us one step closer to where we want to be – producing manganese.
“The success of the GAIP geophysics in the last year and the planned new GAIP surveys will allow us to rapidly test the potential for further targets along the prospective Horseshoe Formation.”
Bryah has ended the day 4.08 per cent in the green with shares trading at 5.1 cents in an $11.08 million market cap.