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    • Delayed Prices (USD) - Last Updated 27-06-2022
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    Bryah expands footprint next door to major Mount Holland Lithium Project

    Energy metals explorer Bryah Resources (ASX:BYH) has purchased the Lake Johnston Lithium-Nickel Project in Western Australia in a deal that will see it pick up a 690km² footprint in a well-known lithium-prospective district.

    The project, which consists of eight exploration license applications, reaches to within 10km of the Wesfarmers/SQM Mount Holland Lithium JV, home to one of the world’s largest hard-rock lithium deposits.

    Of the eight licenses, three are owned by West Coast Minerals Pty Ltd, which Bryah has agreed to purchase for $75,000 cash + 2,000,000 ordinary shares @ $0.053 each. The remaining five licenses have recently been applied for directly by Bryah.

    The tenements Bryah will be exploring shortly are within a region which has been proven to be highly prospective for lithium as well as nickel and copper”

    Addressing news of the acquisition, Bryah Resources Managing Director Neil Marston said: “Bryah is delighted to add prospective lithium tenements to its portfolio which already includes a copper-nickel resource at Gabanintha and an evolving manganese project in the Bryah Basin. This acquisition broadens our exploration reach. The tenements Bryah will be exploring shortly are within a region which has been proven to be highly prospective for lithium as well as nickel and copper – all vital commodities in the EV/energy storage revolution.”

    Geology map displaying Bryah tenements in red and purple, along with the nearby Mt Holland Lithium Project + Poseidon's Lake Johnston
    Geology map displaying Bryah tenements in red and purple, along with the nearby Mt Holland Lithium Project + Poseidon’s Lake Johnston. Source: Bryah Resources

    The company notes that the acquisition includes landholdings adjacent to Poseidon Nickel’s (ASX:POS) Lake Johnston Project, which has accounted for historical nickel output of 46,000 tonnes @ an average grade of 4.1% Ni.

    Upon confirmation of tenement grants, Bryah is set to commence work on target generation via review of historical data along with acquisition and review of publicly-available datasets including aeromagnetics, radiometrics, satellite imagery, gravity surveys and electromagnetic surveys.

    Jonathan Norris
    Jonathan is a founder of Mining.com.au and has been covering the resources industry since 2018. With over 17 years experience in print, broadcast and online media, Jonathan has seen first hand the transformative effect of online niche media.

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    • Delayed Prices (USD) - Last Updated 27-06-2022
    • Gold $1,826.40
    • Silver $21.14
    • Platinum $908.00
    • Palladium $1,802.00
    • Dalian Iron Ore i2209 $113.98
    • Aluminium $2,456.00
    • Cobalt $72,400.00
    • Copper $8,381.00
    • Lead $1,915.00
    • Nickel $22,400.00
    • Tin $24,590.00
    • Zinc $3,350.00