News and Media

Stockhead

Aircore drilling has mapped out the promising Narracoota-Ravelstone Formation contact at Bryah’s Fortnum East prospect over a strike of 4.7km.

Importantly, the copper anomalism – 21m at 288 parts per million – identified on the southernmost line highlights the potential of this zone to be analogous to the Wodger copper-gold deposit about 4km to the west.

Aircore drilling at Bryah Resources’ (ASX:BYH) Wongawar prospect, also in Western Australia’s Bryah Basin, has recorded shallow gold in multiple drill holes.

The Market Herald

• Bryah Resources (BYH) has received binding commitments to raise $1.3 million via a share placement
• More than 21.6 million new shares will be issued to sophisticated and professional investors at six cents
• This price represents a 16.1 per cent discount to the 15-day volume-weighted average price of 7.1 cents
• Additionally, more than 10.8 million attaching options will be issued, with participants to receive one free attaching option for every two shares issued
• Bryah will use the funds to undertake exploration activities at its gold and copper prospects at its Bryah Basin Project in Western Australia
• Bryah has ended the day a slight 1.56 per cent in the green with shares trading at 6.5 cents

The Australian Mining Review

Bryah Resources has received a conditional offer for a 100% cash purchase of its interest in the Bryah Basin Manganese Joint Venture.  OM (Manganese) Ltd, a wholly owned subsidiary of OM Holding Ltd, currently holds a 10% interest and is funding further exploration to earn up to a 51% JV interest from Bryah, and has a pre-emptive right to match the cash offer.

Stockhead

Bryah Resources will bank an extra $1.3 million to spend on copper-gold exploration on the back of a successful placement.  

Bryah Resources (ASX:BYH) raised the cash to fund further exploration activity at its Bryah Basin and Gabanintha projects in central Western Australia.

The funds will be applied towards diamond and RC drilling programs at the highly prospective Windalah project in the Bryah Basin; gold and base metal exploration at Gabanintha; the costs of the placement and general working capital.

The raising comes shortly following a $5 million offer from Primero Group and ACMI Group for Bryah’s interest in the Bryah Basin Managese Joint Venture.

Bryah intends to accept that offer should JV partner OM Holdings (ASX:OMH) choose not to match it.

Managing director Neil Marston said the additional funds would allow the company to progress its exploration goals in the new year.

The Assay

Multi-Element Anomaly To Be Tested At Windalah

Bryah Resources Limited (ASX:BYH) has identified the presence of a broad, high-tenor down hole multi- element geochemical anomaly associated with copper and gold with A/C drilling at Windalah East in Western Australia.

The company has now completed a total 67 holes for 5,999m of AC drilling over four prospect areas.

Drilling at the Windalah East prospect has also returned highly anomalous results in Volcanogenic Massive Sulphide (VMS) pathfinder minerals including, up to 455 ppm Arsenic, up to 48.5 ppm Antimony and up to 12.7 ppm Molybdenum.

The Pick

Bryah Resources Limited (ASX:BYH) has identified the presence of a broad, high-tenor down hole multi- element geochemical anomaly associated with copper and gold with A/C drilling at Windalah East in Western Australia.

The Market Herald

• Bryah Resources (BYH) has confirmed a down-hole geochemical anomaly at the Windalah East prospect within the Bryah Basin of WA
• A total of 67 holes were drilled over four prospects and 27 of these were completed at Windalah East
• The newly-identified copper-gold anomaly spans a 500-metre strike length and is open to the northwest
• The down-hole anomaly coincides with a previous anomaly identified during a geophysical survey conducted in 2018
• In addition to copper and gold, drilling returned highly anomalous results in volcanogenic massive sulphide (VMS) pathfinder minerals
• Bryah Resources is now planning a follow-up drilling program for early next year

Stockhead

Bryah has identified a volcanogenic massive sulphide target at its Windalah project that is similar to the nearby Horseshoe Lights copper-gold deposit.

Its recently completed aircore drilling program in the Windalah East prospect intersected anomalous copper and gold along with key pathfinder minerals, including up to 455 parts per million arsenic, 48.5ppm antimony and 12.7ppm molybdenum.

These are commonly associated with VMS deposits.

The Market Herald

• Bryah Resources (BYH) has completed diamond drilling at the Tumblegum South gold deposit in Western Australia
• The aim of this drilling was to confirm the grades of mineralisation, provide samples for metallurgical testwork, and confirm interpretations in the geological model
• Three holes were drilled and the core will now be geologically logged and orientated on site and then transported to Perth for cutting
• Samples will then be submitted to the laboratory for gold and multi-element analysis
• Bryah ended the day 1.45 per cent in the green with shares trading at 7 cents

Stockhead

Bryah is now waiting on assay results from its three-hole diamond drilling program at the Tumblegum South gold deposit in Western Australia.

The drilling was aimed at confirming high-grade mineralised zones and the geological model of the deposit within its Gabanintha project about 40km south of Meekatharra.

Bryah Resources (ASX:BYH) says the drilling is an important step towards improving the status of the inferred resource, which currently stands at 600,000t grading 2.2 grams per tonne for 42,500oz of contained gold.

Core from the drill program will be orientated and geologically logged on site before being transported to Perth for cutting, with samples being submitted to a laboratory for gold and multi-element analysis.