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Bryah Resources Limited (ASX: BYH, “Bryah” or “the Company”) in conjunction with OM (Manganese) Ltd (OMM) is pleased to announce manganese drilling results at its 49% owned Bryah Basin manganese project. The results are part of the program drilled in December 2022. Bryah (49%) and OMM (51%) have a Joint Venture (JV) to undertake exploration to test targets in the area, with a view to commencing manganese production. OMM is a wholly owned subsidiary of OM Holdings Limited (ASX: OMH), one of the world’s leading suppliers of manganese ores.
HIGHLIGHTS
- Downhole drill hole Intersections of:
- 7m at 26.4% Mn in hole RRRC053 from 9m
- 7m at 23.0% Mn in hole RRRC055 from 7m including 4m at 27.3% Mn
- 10m at 27.2% Mn in hole RRRC064 from 14m
- Resource modelling commencing to update the JORC Resource
- RC drilling to commence at four prospects1 (Epona, Black Hill NE, Gold Trip and Black Beauty North) and additional drilling at Brumby Creek after Program of Works and Heritage approvals.
Commenting on the drilling, Bryah CEO Ashley Jones said: “Results from Redrum have again returned excellent grades. The footprint at Redrum is now one of the largest in the Brumby Creek area and should be able to support a substantial manganese resource. Initial geological modelling has indicated good continuity showing the prospect is still open in multiple directions.
Further drilling will commence shortly targeting the 3-5 Million Tonnes in resource so we can restart this mining area.”
The Bryah Basin project area is located approximately 100km north of the town of Meekatharra in Western Australia. The Company’s tenements and manganese mineral rights cover 1,135km² over parts of the western Bryah Basin. Figure 1 shows the Manganese Joint Venture tenement package, with prospects and an existing manganese Mineral Resource.2
Extensional resource drilling was undertaken to extend known areas of mineralisation at Brumby West3 and Area 74. These results from exploration drilling at the Redrum prospect will be incorporated in the planned updated Mineral Resource Estimate.
Figure 1: Prospect locations with geology map showing the Horseshoe Formation
Drilling
Drilling during December 2022 was aimed to extend known mineralisation. Area 74 and Redrum prospects were targeted to extend the areas where manganese mineralisation was open in multiple directions after the last drilling campaign in 2022. Drilling to the south targeted a potential channel in the southern area of Redrum enlarging the prospective area.
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Bryah Resources
Overview
The global transition to clean energy has ramped up demand for critical metals required to develop new, sustainable technologies such as lithium-ion batteries, solar panels, charging stations and wind turbines. Lithium, nickel, copper and manganese are key resources required to manufacture these low-carbon products. Valued at US$11.3 billion in 2019, the global battery metals market is projected to reach US$20.5 billion by 2027, with a compound annual growth rate of 8.2 percent between 2020 and 2027.
As demand for these resources continues to grow, Western Australia remains a key player in the global mining sector, providing opportunities for mining companies with a presence in the region to capitalize on world-class deposits and benefit from a mining-friendly government. Western Australia has long been a Tier-1 mining jurisdiction and remained strong throughout the pandemic. Western Australia produces 52 percent of the world’s lithium, with Chile in a distant second at 25 percent. China (13 percent) and Argentina (6 percent) are also among the top lithium-producing countries.
Bryah Resources (ASX:BYH) is an exploration and development company with assets in Western Australia. These assets have diverse battery metal mining potential, including lithium, nickel, gold, copper and manganese. They are located throughout the Bryah Basin, a region where, despite its discovery in 2009 as a rich area for exploration, remains underexplored, creating blue-sky potential for the company’s assets. Led by an experienced management team with expertise in the natural resources sector, Bryah Resources is well-positioned for growth.
Bryah Resources Project Locations
The company’s flagship project, Bryah Basin East, consists of two promising assets: Windalah and Olympus. The company discovered a VMS system at the Windalah Prospect confirming the potential of a new copper-gold discovery.
Bryah Resources CEO Ashley Jones called the VMS discovery at the Windalah Project the “most exciting blue-sky event for the company.”
“We’ve got government funding and have planned two drilling campaigns, 400-meter and 600-meter deep holes. If we hit it, it will be amazing; if we don’t, we’re definitely in the right address. I’ve never seen a geological team more excited about a project,” Jones said in an earlier interview,
The company completed its 691-meter diamond drilling program targeting copper-gold VMS mineralization at 300 meters and 500 meters depth at the Windalah copper-gold prospect.
Bryah Resources also made new discoveries at its Horseshoe South Manganese asset, which resulted in a joint venture (JV) partnership with OM Holding Ltd (ASX:OMH), largely due to the potential to develop a low-cost mining operation. OM Holdings is a vertically integrated manganese specialist involved in mining, smelting and trading the mineral, making the company a valuable partner. Bryah Resources holds 49 percent of the asset, with OM Holding retaining 51 percent. The company’s additional assets include projects with copper-gold and lithium-nickel deposits.
Taking the company towards additional exploration and development of its assets, Bryah Resources’ leadership team is guided by decades of experience in the natural resources sector, with geology, finance and business administration expertise, strengthening confidence in its ability to capitalize on its assets.
Company Highlights
- Bryah Resources is an Australia-based mineral exploration and development company with assets in Western Australia.
- The company’s assets include a range of battery metals, such as lithium, copper, manganese and nickel.
- Bryah Resources’ assets are in the Bryah Basin, an underexplored region that only received attention following a 2009 discovery, creating blue-sky potential for the company.
- The discovery of a volcanogenic massive sulphide (VMS) system at the Windalah Prospect within its flagship asset, Bryah Basin East, confirms the potential of new copper-gold deposits.
- Bryah Resources’ discovery at the Horseshoe South Manganese asset attracted the interest of OM Holdings, creating a new JV partnership.
- The company’s additional Western Australian assets include copper-gold and lithium-nickel deposits.
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Battery Metal Exploration and Development Opportunities in Western Australia