Quarterly Activities Report For The Period Ending 31st December 2022

This report summarises the exploration and corporate activities of Bryah Resources Limited (“Bryah” or “the Company”) during the quarter ended 31st December 2022.

HIGHLIGHTS:

Bryah Basin Manganese Joint Venture Project (49% JV Interest)

• 1,557 metres of RC drilling completed at the Brumby Creek manganese targets.
  
• 41 RC holes drilled.
• Gradient Array Induced Polarisation (GAIP) surveys completed over 5 project areas.
• OM Holdings is the JV partner for this project.

Bryah Basin Copper-Gold Project (100%)

Aquarius Trend

• Successful WA State Government EIS grant funding for $165,000¹.
  
• Multiple early stage geochemical anomalies identified.

Windalah

• 691m diamond drill core program completed in October.
  
• Targeting Cu-Au VMS mineralisation 300m and 500m depth.
• Deep VMS targets are a product of multiple lines of strong geological evidence.WA State Government EIS grant funding for $140,000.²

Gabanintha Copper-Nickel Project (100%)

• Bryah Resources is part of a collaborative project with Australian Vanadium Limited (ASX: AVL) which secured a $49M Australian Government grant to help develop the Australian Vanadium Project. Bryah holds the nickel and copper rights.
  
• The collaborative project includes recovery of nickel, copper and cobalt from the tails stream.
• Discussions with AVL on an alternative testwork program are in progress.

Lake Johnston Lithium-Nickel Project (100%)

• Option agreement amended with Mining Green Metals to acquire a 70% interest in the Lake Johnston Lithium-Nickel project.
  
• A transaction deal over $2 million upon a successful IPO.
• Bryah to retain 30% interest in project, with associated benefits to shareholders.

Management Comments

Commenting on the December quarter CEO Ashley Jones said,

“Another busy quarter saw the completion of the GAIP surveys and drilling program on the manganese prospects. The manganese project areas Redrum and Brumby West were the focus of the December drilling due and was the fourth program for the calendar year.

We also completed two deep diamond holes at Windalah on the VMS copper target. The diamond core is now being geologically logged and sampled and will inform the next part of the project’s development, being the downhole electromagnetic surveys to test for conductors laterally and at depth”.

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