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Only yesterday, Australian Vanadium unveiled its pre-feasibility study for the Western Australian-based project where it is planning to build a long-term, low-cost vanadium mine and processing plant to produce 98% vanadium pentoxide.

In addition to that, Australian Vanadium has investigated the possibility of unlocking the value in cobalt, nickel and copper minerals that are present.

The pre-feasibility study indicates a sulphide flotation circuit would extract about 1,775 tonnes per annum of a mixed sulphide concentrate.

Australian Vanadium estimates the sulphide concentrate would contain up to 6% cobalt, nickel and copper and the concentrate would be generated from year three of the operation to 16.

Bryah holds the rights to all minerals except vanadium, uranium, cobalt, chromium, titanium, lithium, tantalum, manganese and iron ore.

Bryah Resources Ltd (ASX:BYH) owns the rights to minerals including nickel and copper at the Gabanintha Vanadium Project in Western Australia.

Yesterday, Australian Vanadium Ltd (ASX:AVL) revealed a positive pre-feasibility study on the project with a top-end valuation estimate that surpassed US$1.4 billion.

Should the project go ahead and be developed, Bryah stands to gain from the production of any minerals that it owns the rights to.

Most notably, AVL’s the concentrator plant design includes a sulphide flotation circuit which aims to extract minerals that Bryah has the rights to.

Neil Marston, managing director of Bryah Resources (ASX:BYH), updates Proactive Investors on the Windalah Gold Prospect, the Mount Labouchere Manganese Prospect, and the Horseshoe South Manganese Mine. All sit within the Bryah Basin Project in central Western Australia.

"We want to advance from being an explorer to a producer in the near term. The way we're going to do that is to advance our manganese assets... overall, 2019 looks like it's going to be a very exciting year. And we've already had successes this year on the gold at Windalah and on our manganese exploration," says Marston.

Reconnaissance sampling near Bryah Resources’ (ASX: BYH) Bryah Basin project in central Western Australia has discovered manganese mineralisation within the project’s Horseshoe formation, recording grades as high as 54% manganese.

The sampling program focused on the north-western extensions of Horseshoe, in an area of interest identified from satellite imagery near the Mount Labouchere prospect.

A zone of outcropping manganese was found and a total of seven rock chip samples were collected from the area, three of which recorded grades of 45.4%, 49.9% and 51.4% manganese.

The company is set to undertake an extensive shallow drilling program of several newly identified manganese targets.

Bryah Resources Ltd (ASX:BYH) has identified high-grade manganese from reconnaissance sampling at the Mount Labouchere prospect within its Bryah Basin Project in central Western Australia.

The Mount Labouchere prospect is located on flat open terrain with excellent access, being within 700 metres of the Ashburton Downs Road.

Notably, seven rock chip samples were collected with three samples recording high-grade manganese over 45%, with the highest value of 51.4% manganese.

In addition, a total of three rock chip samples were collected from an area 500 metres to the north of the recently identified Brumby Creek Prospect.

Manganese explorer Bryah Resources has received commitments from sophisticated and professional investors to raise $303,000.

The company will issue 3.78 million shares and 1.89 million options exercisable at 30c by October 2020.

Commenting on BASF’s move, Bryah Resources’ (ASX: BYH) managing director Neil Marston told Small Caps it was understandable due to high cobalt prices and the ethical and supply issues surrounding sourcing cobalt, which is critical ingredient in the NMC cathode mix.

“I would expect that BASF are not going to be the only battery manufacturer looking at this problem if they see manganese as a big part of the solution,” Mr Marston said.

“Using manganese will lower the price of batteries, which is vitally important as batteries make up a huge portion of the overall cost of an EV.”

He added that by bringing the EV cost down, it would put the vehicles within reach of everyday consumers.

And this could potentially accelerate the uptake of EVs on roads world-wide.

Mr Marston pointed out the global community will profit from EVs being in the hands of the masses through the “tangible environmental benefits” including a decrease in air pollution.

Bryah Resources Ltd (ASX:BYH) has increased its inferred base metals mineral resource at the Gabanintha Vanadium Project by 14.4%.

The mineral resource now totals 14.3 million tonnes containing 666 ppm nickel, 217 ppm copper and 0.16% sulphur and was revised following a program of 19 reverse circulation (RC) and three diamond drilling holes.

The company has also completed a placement to raise more than $300,000 for its Bryah Basin drilling program.

Bryah Resources Ltd (ASX:BYH) has a capital raising announcement pending and has been granted a trading halt by the ASX.

The halt will remain in place until the start of normal trading on Wednesday, November 28, 2018, or when the announcement is released to the market, whichever occurs earliest.