News and Media

Stockhead RockTalks

RockTalks is a Stockhead video series featuring a roundtable of resources experts discussing a new macro topic each week. The program is sponsored by Bridge Street Capital Partners, a leading ECM and principal investment firm focused on mining, energy & tech.

In this episode, host Peter Strachan takes a look at the copper market.

Populating the expert panel for this discussion is Neil Marston, managing director, Bryah Resources (ASX:BYH), Rob Tyson, managing director, Peel Mining (ASX:PEX) and Tim Mason, CEO of Eagle Mountain Mining (ASX:EM2).

The group discuss a range of topics, including Australia’s copper hotspots, key investment locations, the respective company’s flagship projects and much more.

Mining Weekly

Perth-based explorer Bryah Resources has received binding commitments totalling $3.95-million for a 52-million share placement the company plans to offer.

The free attaching options the company will be offering, with an issue price of $0.075 apiece and exercise price of $0.09 apiece, will expire on January 2023 and are of the same security class as existing listed options on the ASX.

Stockhead

Investors have demonstrated their belief in Bryah and its copper-gold exploration in Western Australia by committing to a $3.95m share placement.

Notably, the placement price represents a miniscule 1.06 per cent discount to the 15-day volume weighted average price of BYH shares.

Each share also includes a free attaching option that expires on 31 January 2023 and has an exercise price of 9c.

Proceeds from the placement of 52.67 million shares priced at 7.5c each will be used to fund diamond, reverse circulation and aircore drilling across multiple gold and copper-gold targets at its Bryah Basin and Gabanintha projects.

Mining Weekly

Junior Bryah Resources has reported a 31.3-million-tonne nickel/copper/cobalt mineral resource estimate for the Australian Vanadium deposit, at its Gabanintha project in Western Australia.

Fellow-listed Australian Vanadium, which holds the mineral rights to the vanadium, titanium, iron and cobalt at the deposit, is currently undertaking a bankable feasibility study for a vanadium operation.

Stockhead

Bryah has upgraded resources at its Gabanintha project in Western Australia that includes an indicated component within planned open pits.

The resource at Gabanintha now stands at 31.3 million tonnes grading 761 parts per million (ppm) nickel, 210ppm copper and 228ppm cobalt, or a contained resource of 23,770t of nickel, 6,556t of copper and 7,116t of cobalt.

That’s a 119 per cent increase from the previous estimate.

Importantly, Bryah Resources (ASX:BYH) notes that this includes a higher confidence indicated resource of 17.7Mt at 760ppm nickel, 205ppm copper and 229ppm cobalt, situated within the high-grade vanadium zone (HG10) within the three planned open pits of the Australian Vanadium Project.

Mining Business Media

West Australian explorer Bryah Resources says it’s opened the way for a PFS on the potential for a base metals concentrate development with the announcement of an updated nickel, copper and cobalt resource at the Gabanintha project in central WA.
The indicated-inferred mineral resource of 31.3Mt @ 761ppm for 23,770t Ni, 210ppm for 6,556t Cu and 228ppm for 7,116t Co occurs within planned openpit mining areas at the project 100km N of Meekatharra. It represents a 119% increase from its previous estimate.
Bryah’s PFS will proceed separately from a current bankable feasibility study by Australian Vanadium, which holds mineral rights to vanadium, titanium, iron and cobalt at the Gabanintha project.

The Market Herald

• Bryah Resources (BYH) has identified a shallow off-hole conductor at the Windalah Prospect in Western Australia
• In April, the company drilled eight reverse circulation (RC) holes to test below the volcanogenic massive sulphide (VMS) anomaly identified in previous work
• Five of the RC holes were cased for downhole electromagnetic (DHEM) surveying with an anomaly identified in two of the holes
• This anomaly measures roughly 110 metres in strike and 85 metres in depth and dips towards the southwest
• Bryah is up 2.74 per cent and shares are trading at 7.5 cents

Stockhead

Down-hole electromagnetic work has identified Bryah’s target for exploration activities next week at the Windalah prospect in Western Australia.

Notably, the DHEM is in a stratigraphic location analogous to the nearby high-grade volcanogenic massive sulphide (VMS) Horseshoe Lights copper-gold mine.

The new shallow off-hole conductor was discovered from DHEM work carried out in eight new reverse circulation holes that were drilled in April to test below significant VMS pathfinder minerals identified in earlier soil sampling and aircore drilling.

Adding interest, Bryah Resources (ASX:BYH) notes previous drilling in the immediate area has also recorded some noteworthy gold results.

Small Caps

On the junior end of town is Bryah Resources (ASX: BYH) with its 60% interest in the Bryah Basin manganese joint venture.

OM is funding exploration to earn up to 70% of the manganese rights to 600sq km of Bryah’s tenement package in the region.

The joint venture includes the Horseshoe South manganese mine, which is the region’s largest historic manganese mine.

The Market Herald

• Bryah Resources (BYH) has reported high-grade manganese at the Bryah Basin Manganese joint venture project in WA following scans of core from recent diamond drilling
• The non-destructive XRF analysis provides assay data at ten-centimetre intervals along the core to be acquired and evaluated
• The core from one drill hole included 48 intervals grading between 30 and 40 per cent manganese and fifteen samples exceeding 40 per cent, with a peak grade of 52.6 per cent
• BYH plans to use the core in a series of beneficiation tests to ascertain the best methods to produce a quality manganese product. Those results will flow into the company's mineral resource estimation work