News and Announcements
Bryah Resources Ltd (ASX: BYH) Eyes More Explorations after Listing on ASX
- Published October 18, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- Bryah Resources Limited has raised $5 million in its initial public offering (IPO) and is now listed on the Australian Securities Exchange.
- The company operates two project areas in Western Australia’s Meekatharra region.
- The Bryah Basin covers an area of 713.8 square kilometres while the Gabanintha covers 202.3 square kilometres.
Perth-based Bryah Resources Limited is set to conduct more explorations in the Doolgunna Region after its recent listing on the Australian Securities Exchange.
The mineral exploration company has previously raised $5 million in its initial public offering (IPO). The successful IPO, where it offered shares at $0.20, paved the way for its listing with the ASX. Among Bryah’s investors are former Sandfire Resources Director John Hutton and Australian Vanadium Limited.
Bryah Resources Limited was established to engage in the exploration of high-grade copper-gold resources in the Meekatharra region of Western Australia specifically in Gabanintha and Bryah Basin and at Gabanintha. The company’s project areas measure more than 900 square kilometres.
“The interest from well-known Australian investors – with significant knowledge of junior explorers – has been keen because our backers recognise the prospectivity of Bryah’s holdings,” Bryah Resources Limited Managing Director Neil Marston said. “We have also had some exciting reports of gold nuggets being found by metal-detecting prospectors on our ground in recent months, highlighting the great potential for us to make a new gold discovery.”
The Bryah Basin project area, which covers 713.8 square kilometres, is known for to significant copper-gold discoveries. These are the Sand-fire’s DeGrussa mine which was discovered in 2009 and the Horseshoe Lights mine which was closed in 1994. Both discoveries share the same geology that is the Narracoota Formation. The same characteristics have been shown in parts of the Bryah tenements.
The company holds mineral rights to Gabanintha project area, which covers 202.3 square kilometres. Australia Vanadium, which now owns 13.4% share in the company, previously held the area. Bryah seeks to prioritize drilling in the area considering that after the drilling of seven holes in Gabanintha’s Tumblegum South in 2013, two holes already showed 9 g/t gold at 5 metres.
Company Updates
500 Million Episodes, Limited Treatment: How Patrys is Bridging the Gap in an Underserved Market
In the clinical vocabulary of the Intensive Care Unit, there is perhaps no word that carries as much quiet dread as delirium. It is a “chemical storm” of the brain—an acute dysfunction where the delicate balance between calming and activating signals is scrambled. For the patient, it can be a waking nightmare of hallucinations and […]
The Light Fantastic: Why Invion’s Photodynamic Therapy May Be Attracting Big Pharma’s Attention
Invion Limited is challenging the status quo in oncology with its Photosoft™ platform, a precision therapy that uses light-activated molecules to selectively target cancer cells. By transforming the body’s own immune response and addressing the high costs of current cancer treatments, Invion is positioning itself as a transformative player in the biotech sector. With clinical trials underway and strong institutional partnerships, the company is bridging the gap between scientific breakthrough and accessible, scalable patient care.
From Outback to Boardroom: How SWAN Systems is Codifying Water Stewardship
From the arid deserts of Australia to the boardrooms of global tech giants, SWAN Systems is redefining water efficiency. By bridging the gap between field-level agronomics and autonomous irrigation control, the company is proving that “water-positive” targets can be met with science, data, and a 10x ROI commitment.
Backed By Leading Investment Groups and Family Offices
