Bryah Secures $165,000 Grant for Drilling

Bryah Resources Limited (ASX: BYH, “Bryah” or “the Company”) is pleased to advise its successful application in Round 26 of the Western Australian Government’s Exploration Incentive Scheme (EIS). As a result, the Company will receive grant funding of up to $165,000 from the Department of Mines, Industry Regulation and Safety (DMIRS) as a contribution towards direct drilling costs at the Aquarius copper-gold trend located within the Company’s Bryah Basin Project in central Western Australia (Figure 2).

Highlights

• Bryah Resources is a successful applicant in Round 26 of Western Australian Government’s Exploration Incentive Scheme (EIS) co-funded drilling grant program.
• WA Government to fund up to $165,000 for up to 2,500m Reverse Circulation (RC) drilling program to test the Aquarius trend prospects.
• Drilling to target copper-gold targets in the prospective Bryah Basin region.

Commenting on the announcement by DMIRS, Bryah CEO Ashley Jones said:

“Our geological team have again successfully submitted an excellent EIS proposal which reflects our increased understanding of the Bryah Basin and potential targets. Receiving further support from the WA Government through the EIS co-funded drilling program is a major benefit for Bryah shareholders and further validates Bryah’s exploration strategy. The grant covers up to 50% of the drilling costs. We are excited to keep expanding our targets in the Bryah basin and executing drilling to find the next discovery in the region.”

VMS systems in the Bryah Basin are known to host high-grade copper-gold deposits such as Sandfire’s DeGrussa and Monty mines and the historical Horseshoe Lights mine, located north of Bryah’s prospect. The exploration targets which are the focus of this EIS grant target the same stratigraphic position as the Horseshoe Lights deposit. Bryah’s geochemical, hyperspectral and structural understanding from previous interpretation of its Windalah project has refined definition of other targets in the vicinity. The targets grouped as the Aquarius trend cover prospects Saturn, Shani, Huygens, Curiosity and Windalah East.

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