Bryah Resources : Manganese Drilling Confirms New Mineralised Areas

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ASX ANNOUNCEMENT

21st January 2022

Manganese Drilling Confirms New Mineralised Areas

Brumby West mineralisation significantly extended

HIGHLIGHTS

• Results from 2021 drilling identified 36 holes with intersections over 15% manganese from 69 holes reported, strongly supporting upcoming Mineral Resource Estimate for Horseshoe Project (JV with OM Holdings Ltd).
• Mineralisation envelope at Brumby West has been greatly extended.
• Brumby West best manganese drilling results include:
• • BRRC167 14m @ 26.0% Mn from 22m, including 7m @ 32.4% from 22m
  • BRRC170 17m @ 23.2% Mn from 13m, including 1m @ 31.2% from 16m
  • BRRC178 12m @ 27.0% Mn from 13m, including 1m @ 33.6% from 16m and 1m @ 32.2% from 19m
  • BRRC165 10m @ 29.4% Mn from 13m, including 1m @ 32.1 % from 13m, 2m @ 31.3% from 16m and 3m @ 30.3% from 20m
  • BRRC152 8m @ 27.1% Mn from 3m, including 1m @ 39% from 9m
  • BRRC156 12m @ 27.5% Mn from 12m, including 4m @ 33.2% from 18m
  • BRRC164 6m @ 23.2% Mn from 12m, including 2m @ 33.8% from 12m
  • BRRC166 7m @ 21.7% Mn from 17m
• Results to be included in upcoming Mineral Resource Estimates.
• Successful drill program following up targets identified with the Gradient Array Induced Polarisation grids (GAIP) geophysical technique.
• New prospect area Redrum identified.
• Success of GAIP surveys indicate potential for widespread application of this geophysical survey method in the Horseshoe manganese region by Bryah.
• Ore sorting sighter trial complete, with promising results for manganese identification. 3 bulk samples have now undergone bulk sorting trials and are awaiting assays.

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MANGANESE - WHAT'S COMING UP?

• First manganese mineral resource estimates over Horseshoe region prospects
• Plan further GAIP surveys
• Drilling planning - follow-up Brumby West and Redrum intersects
• Ore sorting of bulk samples by Steinert awaiting assays
• Mining Licence applications to support future feedstocks for mining project based on granted mining lease at Horseshoe Manganese M52/806

Manganese Drilling Results

Bryah Resources Limited (ASX: BYH) ("Bryah", "the Company") is pleased to announce the results of drilling completed on the Brumby Creek area of the Horseshoe Manganese Project. The Project contains extensive outcroppings of manganese and is the subject of a substantial $7M joint venture with ASX listed OM Holdings Limited (ASX: OMH). OMH is a vertically integrated manganese producer and are currently earning-in to a 51% stake in the Joint Venture (JV).

Following a Gradient Array Induced Polarisation (GAIP) geophysical survey, drilling was completed in late September 2021, with results now received. High-grade intersections have extended the Brumby West prospect and new prospects at Redrum have been discovered. The project now consists of multiple discoveries and resource targets at Brumby West, Brumby East, Area 74 and Black Hill which are additional to Horseshoe South and Horseshoe South on the granted Mining Lease (M52/806).

CEO Ashley Jones commented, "These excellent results will strengthen the maiden Mineral Resource Estimate for the Project currently underway. As our JV partners OMH progress toward completing their 51% earn-in, we look forward to working with them to bring this historically important region back into manganese production as it was in 2011".

The GAIP identified multiple chargeable responses were tested for Mn mineralisation. The GAIP technique has demonstrated the potential for finding further Mn channel systems in the region. The method was successful, delineating untested areas of Mn mineralisation. The identification of a chargeable response south of the drilled Brumby West prospect was confirmed with a step out hole 80m south in holes BBRC178, BBRC0170 and BBRC0167. The excellent results open the prospect to the south and east and to further increase deposit size potential.

Testwork has been progressing, with bulk ore sorter testwork started at Steinert after initial sighter testwork on small individual samples which showed that separation and beneficiation is possible.

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Figure 1 Location of Mn JV prospects with magnetics image showing the Mn bearing Horseshoe Formation
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Figure 2 Brumby West Prospect significant intersections (Need Drafting and final Checking)

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Brumby West Results include:

BRRC152 8m @ 27.1% Mn & 19.4% Fe from 3m

BRRC155 2m @ 26% Mn & 21.2% Fe from 9m

BRRC155 4m @ 24.4% Mn & 21.4% Fe from 14m

BRRC156 12m @ 27.5% Mn & 16% Fe from 12m

BRRC157 3m @ 22.6% Mn & 19% Fe from 16m

BRRC163 4m @ 16.5% Mn & 25% Fe from 0m

BRRC164 6m @ 23.2% Mn & 21.8% Fe from 12m

BRRC165 10m @ 29.4% Mn & 16.3% Fe from 13m

BRRC166 7m @ 21.7% Mn & 23.2% Fe from 17m

BRRC167 14m @ 26% Mn & 15.9% Fe from 22m

BRRC169 4m @ 17.2% Mn & 20.5% Fe from 20m

BRRC170 17m @ 23.2% Mn & 17.9% Fe from 13m

BRRC174 3m @ 23.9% Mn & 21.2% Fe from 1m

BRRC176 3m @ 21.1% Mn & 23.3% Fe from 5m

BRRC178 12m @ 27% Mn & 18.1% Fe from 13m

All results composited at a minimum 15% Mn cut-off allowing 1m of internal dilution.

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