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Bryah Resources Ltd

Bryah Resources in trading halt with Bryah Basin Manganese Project JV news pending

The company's securities will remain in a trading halt until the start of trade on Tuesday, April 23, 2019, or until an announcement is made.

Drilling by Bryah Resources
Wongawar prospect was first identified as prospective during regional mapping in 2017

Bryah Resources Ltd (ASX:BYH) is in a trading halt pending an announcement regarding a joint venture on its Bryah Basin Manganese Project north of Meekathara in Western Australia.

The trading halt will remain until an announcement is made to market or until the start of trade on the ASX on Tuesday, April 23, 2019.

Shares last traded at 6.5 cents.

 

The company recently identified a potentially substantial copper-gold anomaly at the Wongawar prospect through rock chip sampling grading up to 1.17 g/t gold and 693ppm copper.

It is also preparing to drill around the historic Horseshoe South Manganese Mine with a view to generating mineral resources and beginning production in 12 months.

Bryah managing director Neil Marson said the sampling results seen at Wongawar were very encouraging because they indicated a highly prospective anomaly over a wide area in unexplored terrain.

READ: Bryah Resources targets copper, gold and manganese in Bryah Basin

He said: “I am extremely pleased to announce these exploration results for Bryah, the latest in a series of excellent milestones for the company.

“Importantly, we are also preparing to drill some of our exciting manganese targets now that all site access approvals are in place.”

Quick facts: Bryah Resources Ltd

Price: $0.08

Market: ASX
Market Cap: $5.1 m
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