Bryah Resources Ltd (ASX:BYH) is leveraged to test results from Australian Vanadium Ltd’s (ASX:AVL) Gabanintha Vanadium Project which demonstrate a potential by-product containing nickel, copper and cobalt.
Test work on fresh high-grade massive magnetite from the project in Western Australia has resulted in the saleable recovery of these metals from non-magnetic stream.
Rights to nickel and copper
Bryah holds the rights to nickel, copper and gold recovered from any Gabanintha production and shares increased almost 7% to 15.5 cents on AVL’s news.
Sulphide concentrates produced from flotation contain up to 6.3% base metals, including 1.36 to 2.58% nickel, 0.82 to 1.70% copper and 1.54 to 2.02% cobalt.
Assessing sulphide recovery circuit
A sulphide recovery circuit will now be evaluated as part of the pre-feasibility study (PFS) processing flowsheet for the Gabanintha project.
AVL is preparing a mineral resource update, which will include sulphur and base metals.
This will allow these components to be included in the pit-optimisation and PFS studies, which are underway.
Sale of a by-product cobalt, nickel and copper sulphide concentrate has potential to increase revenue for both companies from the project.
The Gabanintha project is south of the Bryah Basin project where Bryah is focused on manganese as well as copper-gold.
Bryah recently secured an exclusive one-year option to purchase the mining lease covering the historical Horseshoe South Manganese Mine near the Bryah Basin project.
The mine was the largest manganese mine in the Bryah Basin and is about 1-kilometre north of the Horseshoe Flats Manganese Mine which began production in 2017.