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Bryah Resources managing director shows confidence in manganese strategy with on-market purchase

Neil Marston has acquired a further 200,000 shares valued at almost $30,000.
Manganese sample from Bryah Basin
The company has extended its focus in the Bryah Basin to include manganese

Bryah Resources Ltd (ASX:BYH) managing director Neil Marston has demonstrated his confidence in the company’s new manganese focus by acquiring shares on-market.

Marston has acquired a further 200,000 shares valued at almost $30,000.

This takes the total number of shares to 5.45 million held by three indirect interests associated with the managing director.

READ: Bryah Resources in a sweet spot as it focuses on copper-gold and manganese

Bryah has extended its exploration strategy to include manganese as well as existing copper-gold prospects.

Marston said in a recent interview with Proactive Investors: “The Bryah Basin is also world-renowned for historical manganese production.

 

 

“We’ve branched our exploration strategy out to address the manganese opportunity and we've been progressing that pretty well in the last few months.

“We announced a deal we've been working on for about a month or so now to acquire the historical Horseshoe South Manganese Mine.

“That, combined with the extra 150-odd square kilometres of ground adjoining that, pretty much gives us the whole of the prospective horizon for manganese deposits in the area for us to evaluate.”

READ: Bryah Resources secures option over historical mine as manganese price outlook remains strong

He was referring to the company recently securing an exclusive one-year option to purchase the mining lease covering the historical mine near Meekatharra in Western Australia.

Bryah has also secured the manganese exploration rights to a further 154 square kilometres of adjoining ground in the Bryah Basin.

Manganese production history

Horseshoe South mine was the largest manganese mine in the Bryah Basin has historically produced about 1 million tonnes of mid to high-grade manganese ore.

It is about 1 kilometre from the Horseshoe Flats Manganese Mine at which an unlisted operator began production in 2017.

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Bryah Resources Ltd Timeline

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