Bryah (ASX:BYH) confirm LCT prospectivity at Lake Johnston

Bryah (ASX:BYH) confirm LCT prospectivity at Lake Johnston

August 31, 2023 0 By Tom Duggan

Bryah Resources have received rock chip results highly anomalous in the suite of elements characteristic of lithium-caesium-tantalum pegmatites, confirming the prospectivity for the prized mineralisation at its Lake Johnston Project in Western Australia.

The indicator minerology and mineral texture was likewise consistent with LCT, found in historically overlooked prospects in areas with no previously reported pegmatites.

The Roundbottom prospect pegmatites lie in an area of poor bedrock exposure, and several sub-linear parallel pegmatites were found at the Pegasus prospect, dipping under recent alluvial cover with the anomalous LCT pathfinders.

Bryah has a new tenement under application in the area, and Chief Executive Ashley Jones said the initial results are promising, having confirmed its tenure’s prospectivity.


“These rock chip samples are anomalous in lithium, as well as several other key elements distinctive of LCT pegmatites. With additional geological mapping, rock chip sampling, and soil sampling, we have the potential to identify some exciting drill targets,” Mr Jones said.


“Our neighbours have so far been very successful, particularly at Charger Metals’ Lake Medcalf Prospect and TG Metals’ Burmeister Project,” he added.

“This is in addition to the nearby, world-class Mt Holland lithium mine. We are in the right postcode, and these rock chip samples confirm that we are searching in the correct areas.”

Forward plan

Bryah’s exploration territory reaches within 10 kilometres of the world class Mount Holland Lithium mine and concentrator, boasting a region-defining 189 million tonne at 1.5 per cent lithium oxide Earl Grey deposit.

Detailed geological mapping will now proceed over the prospect area alongside preparation and analysis of soil samples collected during venture, with planning also underway for a regional auger soil sampling program with a view to delineating targets for the drill.

The company also has a large volume of a lesser-known critical mineral on its hands, and a recently unfurled three-million-tonne plus manganese resource has passed the point where its Bryah Basin joint venture can advance mining studies and planning to the production stage.

Australian exploration

The lithium majors have been sniffing around Australian exploration projects, reluctant to pony up for listed producers with large valuations, seeing that the best way to secure resources for soaring demand is by finding it yourself.

“It seems like the cheapest way to get lithium units is via the drill bit,” RBC analyst Kaan Peker said.

“We’ll see a lot of the exploration companies looking to increase their resources and reserves, so that usually puts them front of mind with the producers which are cashed up. So I think there’s going to be some opportunistic acquisitions.”

 

BYH Lake Johnston Map

Geological map of the Lake Johnston area

BYH.AX
BRYAH RES FPO [BYH]
ASX
up arrow$0.004
$0.0000
0.00%

BRYAH RES FPO [BYH]
Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Employees:
Bryah Resources Limited operates as a mineral exploration company in Australia. It explores for gold, copper, nickel, manganese, and base metal deposits. The company primarily holds interests in the Bryah Basin project covering an area of 1,135 square kilometers located to the north of the town of Meekatharra, Western Australia; and 100% interest in the Gabanintha project covering an area of 170 square kilometers situated to the south of the town of Meekatharra, Western Australia. It also holds 49% option agreement interest in the Lake Johnston lithium-nickel project comprising eight exploration license applications covering an area of 690 square kilometers in Western Australia. The company was incorporated in 2017 and is headquartered in Leederville, Australia.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.