
November 09, 2022
Bryah Resources Limited (ASX: BYH, “Bryah” or “the Company”) is pleased to advise that it has completed a desktop review on the West Bryah tenements and has deployed a team to the field to inspect and sample previous reported areas of interest.
HIGHLIGHTS:
- Desktop review shows rare earth element and uranium potential
- Follow up of reported pegmatites with rock chips collected for rare earth element (REE) assaying
- Yarlarweelor complex and the Despair Granite is Archean I type granite with mapped pegmatites historically reported
- Uranium intersection of 35m at 503ppm U3O8 less than 200m from the tenement boundary
- Anomalous Lanthanum values to be followed up and investigated in the field
- Geologists currently on the ground mapping and collecting rock chips samples
Commenting on the inhouse work, Bryah CEO Ashley Jones said:
“The Yarlarweelor Gneiss complex and the Despair Granite is reported to be intruded by pegmatites from old exploration reports. The Western Australian Mineral Exploration Reports (WAMEX) and Geological Survey of Western Australia (GSWA) database quote pegmatites, significant uranium results and anomalous rare earth element (REE) results. These tenements were acquired by Bryah in late 2021 and were initially thought only interesting from a gold perspective, with the tenement boundary straddling the historically mined Wilthorpe pit. As part of a systematic geological review of the West Bryah Tenements we have identified exciting commodities to investigate in this area.”
Late in 2021 Bryah acquired three tenements in the western side of the Bryah Basin, complementing existing tenure. Exploration licences (E52/3848, E52/3898 and E52/3963) cover approximately 50 km2. The largest tenement (E52/3898) covers exploration ground adjacent to the historic Wilthorpe gold mine. The Wilthorpe gold mine is a shallow open cut mine, which straddles the boundary of E52/3898 and adjacent E52/2059, previously held by Westgold Resources Limited (ASX:WGX). The main lithological units in the review area are the Despair Granite, The Yarlarweelor Gneiss complex and the Labouchere Formation.
REEs have diverse applications in electrical and electronic components, lasers, glass, magnetic materials, and industrial processes. Sample assays recorded in the GSWA geochemistry database from the Despair Granite are anomalous in Lanthanum (La) which could be an indicator of other REEs. The La values from two samples in the dataset have values of 47ppm and 67ppm respectively. The Despair Granite is located on the eastern side of the Yarlarweelor Gniess complex, which is currently being explored by ASX companies at Mt Clere REE prospect and the Red Peak Lithium project. Multiple references to pegmatites are recorded in the geological logs from the Ann prospect drilling1 and will be followed up.
The Ann uranium prospects (see Figure 2 for location) recorded on tenement E52/3898 have the best uranium results which were drilled in 1978 returned 6m at 505ppm U3O81 (Table 2). Additionally only 180m off the licence to the west of the tenement, the prospect Kangaroo Ridge, was drilled in 2010. The best result was in hole KRD10-02 of 35m at 503ppm U3O8 including 5m at 1069ppm U3O82 (Table 1). The geological description of the mineralised intervals is a sheared biotite shist within the granite, with petrographic work on samples confirming the uranium mineral ‘uraninite’.
Click here for the full ASX Release
This article includes content from Bryah Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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11 October 2022
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
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