Bryah (ASX:BYH) unfurl a manganese mountain

Bryah (ASX:BYH) unfurl a manganese mountain

August 24, 2023 0 By Tom Duggan

Bryah Resources has unveiled an expanded 3.07 million tonnes at 20.2 per cent manganese JORC resource and hit critical mass for a production study over its Bryah Basin joint venture in Western Australia.

The company has now successfully raised the indicated resource by 91 per cent and the inferred by 32 per cent for a US-listed critical mineral, estimated from five combined prospects.

Bryah Chief Executive Ashley Jones said its joint venture with OM Manganese had allowed it to complete substantial extensional and infill drilling and deliver a 67 per cent overall upgrade.


“Importantly, we have now achieved a ‘critical mass’ (3 Mt) that allows the JV to progress mining studies and planning to the production stage. The Horseshoe deposits are located within an active mining lease, with recent mining license applications now covering the remainder of deposits included in this Mineral Resource,” Mr Jones said.


Mr Jones added that historical production at the Horseshoe pits had provided further confidence in achieving a successful mining operation.

“The 15% manganese cut-off grade used in this MRE is superior to many of our peers with potentially greater yields to make a saleable manganese product. We look forward to drill-testing more gradient array induced polarisation and geologically mapped exploration targets and will conduct further resource extension drilling throughout the remainder of 2023,” he said.

“We believe we have just started to unlock the true manganese production potential of the Bryah Basin and look forward to some fruitful years ahead.”

Forward plan

The Mining License applications are lodged and expected to be added to the granted mining lease over Horseshoe Manganese, and environmental approvals are moving forward as Bryah continue to drill and work on metallurgy to extend its resource and define beneficiation yields.

Outside of iron, manganese is the most crucial ingredient in steelmaking, and one of the battery metals dominated by Chinese production as the geopolitical battles for critical minerals continue to heat up.

A prospect location and geology map showing the Horseshoe Formation

Prospect location and geology map showing the Horseshoe Formation

 

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. The company explores for gold, copper, nickel, manganese, and base metal deposits. It holds interests in the Bryah Basin project covering an area of 1,048 square kilometers located in central Western Australia; and 100% interest in the Gabanintha project covering an area of 80 square kilometers situated to the south of the town of Meekatharra, Western Australia. In addition, the company holds interest in the Lake Johnston lithium-nickel project comprising nine exploration licenses located in Western Australia. Bryah Resources Limited was incorporated in 2017 and is based 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. 

MarketOpen is an online digital media and in person events business connecting companies and investors. Through its flagship MarketOpen.com.au and social media, MarketOpen cover breaking news on mining, oil and gas, technology and biotechnology companies listed on the Australian Securities Exchange (ASX).

Contact info

Suite 3, 47 Havelock Street
West Perth WA 6005
info@marketopen.com.au

Stewart Walters
Managing Director
stewart@marketopen.com.au
+61 414 644 166

Holly Walters
Accounts and Events Manager
holly@marketopen.com.au
+61 409 281 580

Subscribe

* indicates required