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Bryah Resources Ltd. ( (AU:BYH) ) just unveiled an update.
Bryah Resources Limited has commenced a flora survey on its manganese mining licenses in the Bryah Basin, in partnership with OM (Manganese) Ltd. This development comes as the demand and price for manganese are on the rise, positioning the joint venture to advance through necessary approvals towards production. The project, which includes a mineral resource of 3.06 million tonnes at 20.1% manganese, is funded by OMM, which has a 60% stake following a $1.8 million earn-in.
More about Bryah Resources Ltd.
Bryah Resources Limited is a company operating in the mining industry, primarily focusing on manganese exploration and production. The company is involved in a joint venture with OM (Manganese) Ltd, a subsidiary of OM Holdings Limited, which is a leading global supplier of manganese ores. Bryah Resources holds significant tenements in the Bryah Basin, Western Australia, covering manganese mineral rights over a substantial area.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$3.48M
Learn more about BYH stock on TipRanks’ Stock Analysis page.