Manganese miners Bryah and OM say there’s even more drilling on their minds
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Bryah and its partner OM Holdings have wrapped up a 1,458m drill program targeting extensions to several prospects at their Bryah Basin manganese project.
Samples collected from the 39 holes drilled over the Black Beauty, Black Hill, Brumby Creek and Horseshoe South prospects have been sent to the assay laboratory for analysis.
Bryah Resources (ASX:BYH) intends to drill more holes once heritage surveys and program of works are permitted.
“This drill program was opportune with a rig becoming available at short notice to test new Manganese target areas,” chief executive officer Ashley Jones says.
“This complements our strategy to target potential manganese under cover and assess new areas to reach critical mass and restarting mining operations in the area. Results from the March drill program results are still expected next month.”
Manganese has been drawing second looks as a potential alternative to cobalt and nickel in batteries, meaning that Bryah and OM’s plans to fast track production couldn’t have come at a better time.
The Bryah Basin licences cover 1,048km2 and also have a potential new Volcanogenic Massive Sulphide (VMS) ‘Horseshoe Lights type’ mine analogue at the Windalah copper-gold prospect, as well as multiple other similar untested targets.
This area also contains extensive outcroppings of manganese, the subject of a substantial $7M joint venture with ASX listed OM Holdings Limited (ASX: OMH).
OMH is a vertically integrated manganese producer and refiner with a market capitalisation of over $600m.
OMH has already spent more than $3 million to earn-in to the manganese rights of the project.
This article was developed in collaboration with Bryah Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.