Sign up Australia
Proactive Investors - Run By Investors For Investors

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.

View full BYH profile View Profile

Bryah Resources Ltd Timeline

Related Articles

Picture of high-grade manganese sample
April 12 2018
Mineral Resources' proposed takeover of Atlas Iron indicates that the market for manganese assets is on the rise.
1520397699_Capture.JPG---rvr.JPG
March 07 2018
Production at Thalanga is forecast to grow more than 50% between 2018 and 2019.
Drill rigs in Mongolia
May 04 2018
The recent discovery hole at Zaraa intersected 606 metres at 0.36% copper and 0.32 g/t gold.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use