Bryah Resources (ASX: BYH) has unlocked even more manganese potential at its Bryah Basin project after identifying “significant” areas of outcropping manganese at the Black Beauty prospect which is in proximity to two historic mines.
A recent ground mapping program has uncovered 300m by 300m of outcropping manganese at the prospect.
The mapping program followed up on rock chip sampling that was carried out last year, with six out of 12 samples assaying above 30% manganese including a peak of 39.9% manganese.
“The Black Beauty prospect is immediately adjacent to the historic Horseshoe North and Horseshoe South manganese mines and represents a similar target to the Brumby Creek and Cheval prospects,” Bryah managing director Neil Marston said.
“Bryah’s continued success in identifying manganese prospects gives us great confidence in our strategy to provide up sufficient manganese resources to commence mining operations in the near-term and confirms the manganese potential of the Horseshoe Range,” he added.
Black Beauty is about 300m east of Horseshoe North and 1.5km from Horseshoe South, which historically produced 1 million tonnes of high-grade manganese ore.
Exploration success at Bryah Basin project
The discovery of outcropping manganese follows recent exploration success at the project including uncovering the Cheval prospect, where 15 of 35 rock chips collected assayed above 30% manganese and returned a peak grade of 41.3%.
Meanwhile, drilling at the Brumby Creek prospect was recently completed and returned “significant manganese”.
Better results from Brumby Creek were 15m at 26.2% manganese from 3m, including 2m at 33.5% manganese; 10m at 22.6% manganese from 1m, including 2m at 30.3% manganese; and 8m at 24.1% manganese, including 2m at 31% manganese.
Assays were also received from drilling at Horseshoe South and comprised a 1m interval grading 42.2% manganese.
Under a joint venture, OM Holdings is spending up to $7.3 million on exploration to earn a 70% stake in the project’s manganese rights.
Bryah’s strategy is to fast-track the project to manganese production and cashflow via the joint venture. The company then plans to use the cashflow to fund its copper and gold exploration within the project.
By early afternoon, shares in Bryah were up more than 7% to $0.075.