viewBryah Resources Ltd

Bryah Resources appoints Australian Vanadium nominee to the board

Australian Vanadium presently holds a 13.4% stake in Bryah.

Bryah listed on the ASX in October 2017

Bryah Resources Ltd (ASXBYH) has appointed the experienced Leslie Ingraham as a non-executive director of the company.

Ingraham is presently an executive director of Australian Vanadium Ltd (ASX:AVL) and has been appointed as AVL’s nominee.

Bryah recently completed a successful initial public offering which raised $5 million through the offering of shares priced at $0.20.

The new copper-gold explorer has two projects totalling over 900 square kilometres near Meekatharra located in mid-west Western Australia.

Bryah Basin Project: hallmarks of DeGrussa

The project covers 713.8 square kilometres over parts of the western Bryah Basin.

The Bryah Basin is home to two significant volcanogenic massive sulphide (VMS) copper-gold discoveries – the historic Horseshoe Lights mine (closed in 1994), and Sandfire’s DeGrussa mine (discovered in 2009).

Horseshoe Lights and DeGrussa share the same geology, the Narracoota Formation, and parts of Bryah tenements have those characteristics.

In April, Bryah Resources completed 16,000 line kilometres of airborne magnetics with results yielding opportunities for a new discovery.

In June, ground mapping identified evidence of a large-scale hydrothermal alteration system within the Narracoota volcanics, confirming the potential for a new VMS copper-gold discovery.

READ NOW: Bryah Resources starts drilling copper-gold targets at Gabanintha

Quick facts: Bryah Resources Ltd

Price: 0.026 AUD

Market: ASX
Market Cap: $2.62 m

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Full interview: Bryah Resources' maiden Tumblegum South gold resource an...

Bryah Resources (ASX:BYH) chief executive officer and managing director Neil Marston updates Proactive on the completion of a maiden gold mineral resource estimate at Tumblegum South Gold-Copper Prospect within the Gabanintha Project. The estimate delivers an inferred mineral resource of...

on 30/1/20

2 min read