Update on Bryah Farm-In and Joint Venture Agreement

As previously announced, OMM is a party to the Farm-In and Joint Venture Agreement for the Bryah Basin Manganese Project with Bryah Resources Limited (ASX Code: BYH).

OMM has earned a 51% interest in the Bryah Basin Manganese Joint Venture (“BBMJV”). OMM is currently sole funding A$1.8 million on exploration to earn a 60% interest in the BBMJV.

BYH announced to ASX an updated Bryah Basin Manganese Mineral Resource Estimate on behalf of the BBMJV on 24 August 2023.

The total Inferred and Indicated JORC 2012 compliant Mineral Resource Estimate is 3.07 million tonnes (Mt) at 20.2% Mn. The Indicated Mineral Resource tonnage increased by 91% to 2.07 Mt at 20.9% Mn and the Inferred Mineral Resource increased by 32% to 1.0 Mt at 18.6% Mn. The Mineral Resource estimate included prospects Area 74, Brumby Creek East, Brumby Creek West, Redrum and Black Hill deposits on E52/3237 and Horseshoe South and Horseshoe Extended on M52/806.

A 94 hole Reverse Circulation (RC) drill program (3,296 metres) was conducted in early August 2023 and included drilling to infill and extend Brumby Creek West and Redrum deposits, and to test drill new prospects at Gold Trip, Black Hill Northeast and Epona. Assay results are expected in early Q4 2023.

Click here for the full ASX Release

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