Bryah Resources (ASX: BYH) has discovered yet more manganese at its Bryah Basin project in Western Australia, with the latest find identifying the Brumby Creek prospect, where outcropping manganese mineralisation has been pinpointed across 2km of strike.
Satellite imagery and reconnaissance mapping established Brumby Creek as an area of interest in July.
Bryah then followed the target up with a in-field sampling program with 19 rock chips collect.
Of those, five assayed above 40% manganese, with one returning a peak value of 48.5% manganese.
A further 12 rock chips hosted between 30% and 40% manganese.
“We are very excited with the latest results from this ground reconnaissance work, which highlights the benefits of having geologists methodically walking the ground and sampling,” Bryah managing director Neil Marston said.
“The manganese grades recorded from the Brumby Creek prospect are outstanding in our opinion, so it will be a priority targets,” Mr Marston added.
Brumby Creek was discovered near recently identified prospects Black Hill and Black Caviar where sampling revealed up to 50% manganese.
“We are keen to drill for manganese at Brumby Creek as soon as possible,” Mr Marston noted.
“We also look forward to testing the various other surface targets identified by our geological team with a program of shallow drill holes in the coming months,” he said.
Bryah has now received regulatory approvals to drill manganese prospects Black Hill, Black Caviar and Devils Hill. The clearances also allow for parts of the Brumby Creek discovery to be tested as well, with remaining permits lodged with the WA Government.
The company has begun drilling preparation, with a program to begin once logistics and contracts have been locked-in.
Manganese is world’s fourth most traded metal and is a critical element in steel production.
More than 90% of the mineral is consumed by the steel sector and it is also an element in several lithium-ion battery formulas.
As both markets continue to strengthen, Bryah anticipates the outlook from manganese is “strong”.
Additionally, Bryah has pointed out that China’s Belt and Road initiative is driving the construction of public infrastructure across Asia, Australia and even eastern Europe, which is a huge push in the mounting global steel demand.
The mass development of public infrastructure involves building rail, bridges, power stations, with around US$340 billion spent so far and projects that the initiative will require up to US$8 trillion in overall capital.
Bryah hopes to target the firming steel and battery markets with near-term manganese production.
By midday, Bryah’s share price had leapt almost 17% to reach A$0.14.