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

1544464595_newrange-gold---lamdscape.jpg
Tue
Located in the Walker Lane mineral belt of Nevada, Pamlico enjoys excellent access, infrastructure, a mild, year-round operating climate
drilling
December 03 2018
Alto’s aim is to expand the gold resources and reserves to recommence profitable mining operations at the Sandstone Gold Project.
Community meeting at Lindi Jumbo project
November 30 2018
The company’s highest priority is securing funding for the world-class Lindi Jumbo large and jumbo flake graphite project.

© 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