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ALBRIGHT METALS LTD Capital/Financing Update 2020

Dec 16, 2020

64281_rns_2020-12-16_f0324a23-81be-4176-b28c-e77ca3c24489.pdf

Capital/Financing Update

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17 December 2020

ASX Announcement

Manganese Drilling Update

Significant drilling results at Brumby Creek Project to support maiden mineral resource estimates in 2021

Highlights:

  • High-grade (>30% Mn) manganese intersected in shallow drilling at Brumby Creek Prospect

  • Best results from holes completed in October 2020:

  • ➢ BRRC136 - 19 metres (1-20m) @ 27.9% Mn including 2 metres @ 32.6% Mn from 2m, and 5 metres @ 33.3% Mn from 8m

  • ➢ BRRC130 - 10 metres (15-25m) @ 26.8% Mn including 1 metre @ 30.9% Mn from 17m and 1 metre @ 30.3% Mn from 20m

  • ➢ BRRC127 - 7 metres (10-17m) @ 27.0% Mn including 3 metres @ 30.6% Mn from 11m

  • ➢ BRRC143 - 8 metres (9-17m) @ 23.9% Mn including 1 metre @ 30.8% Mn from 14m

  • ➢ BRRC133 - 11 metres (8-19m) @ 22.2% Mn including 1 metre @ 30.6% from 15m

  • Drilling confirms mineralised zone is open to South at Brumby West and Area 74 prospects

  • Results of drilling at Horseshoe South manganese mine expected in coming weeks

  • Diamond drilling underway to collect manganese samples for density and beneficiation testwork, which will be key inputs into mineral resource estimates

  • Results of drilling will be used to update geological model ahead of mineral resource estimates in 2021

  • Drilling programs are fully funded by OM (Manganese) Limited

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Bryah Resources Limited (“Bryah” or “the Company”) is pleased to advise the first set of results from its recent reverse circulation (RC) drilling program at its Bryah Basin Manganese Joint Venture project (70% Bryah/30% OM (Manganese) Limited (“OMM”)), which is located approximately 150 km north of the town of Meekatharra in central Western Australia (see Figure 1).

Infill and step-out drilling was completed on the Brumby Creek Project to enable improved geological modelling ahead of the preparation of mineral resource estimates in accordance with JORC 2012.

The latest results confirm the tenure of manganese mineralisation and provide an increased geological understanding of the area, as is required for mineral resource reporting. Manganese grades and widths were in line with expectations.

Address ASX Code: BYH Projects Level 1, 85 Havelock Street ABN: 59 616 795 245 Bryah Basin – Copper, Gold, West Perth WA 6005 Shares on issue: 153,540,508 Manganese Tel: +61 8 9321 0001 Latest Share Price: $0.066 Gabanintha – Gold, Copper Email: [email protected] Market Capitalisation: $10.1M bryah.com.au

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Further drilling results from the Main pit and Extended pit area at the Horseshoe South Manganese Mine are expect in the coming weeks.

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Figure 1: - Tenement Location Plan

RC Drilling Program

The Brumby Creek Project was first identified by field reconnaissance and sampling in 2018 and is an area of the manganiferous Horseshoe Formation characterised by zones of intermittent manganese outcrops, which had never been drilled by previous explorers.

Drilling initially focused on 2 prospects, Brumby East and Brumby West in 2019, however drilling in 2020 has confirmed a new zone of significant shallow manganese at Area 74 (see Figure 2).

A total of 43 holes for 1,256 metres was completed in this part of the program. Full details of the drill hole locations and assay results are set out in Table 4 and Table 5 and shown in Figures 3-5.

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Figure 2 - Brumby Creek Project Drill Hole Location Plan

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Brumby East

The drill program at Brumby East was focused primarily as infill and extension drilling. The Brumby East prospect was initially drilled on a 25 metres x 50 metres pattern in 2019. This latest infill drilling closed this spacing to approximately 25m x 25m. 19 RC holes were drilled with 8 holes on the stratigraphic horizon (BRRC109 – BRRC116) and 11 holes (BRRC117-BRRC127) on the interpreted flat talus deposit (see Figure 3).

The best intersections from Brumby East are shown in Table 1 below.

Table 1 - Significant Intersections - Brumby East

Hole No Manganese Intersection(using 18% Mn cut-offgrade)
BRRC113 12 metres(4-16m)@ 24.3% Mn
BRRC115 8 metres(17-25m)@ 22.2% Mn
BRRC122 7 metres(15-22m)@ 21.6% Mn
BRRC124 6 metres(14-20m)@ 24.5% Mn_including 1 metre @ 30.5% Mnfrom 15m_
BRRC127 7 metres (10-17m) @ 27.0% Mn_including 3 metres @ 30.6% Mn from 11m_

Brumby West

Infill holes at Brumby West were planned to intersect manganese mineralisation adjacent to earlier drill holes (see Figure 4).

The holes were drilled to provide geological continuity along and across strike. Most drill sections now have a minimum of two mineralised intersections which will aid the geological interpretation. The widths intersected in some locations were greater that initially interpreted. An extra line of holes was drilled as a step-out section to the south to test the manganese mineralisation for extensions under shallow cover. Manganese was intersected in every hole (BBRC141-143) leaving the south open for future resource extension.

The best intersections from Brumby West are shown in Table 2 below.

Table 2 - Significant Intersections - Brumby West

Hole No Manganese Intersection(using 18% Mn cut-offgrade)
BBRC130 10 metres (15-25m) @ 26.8%Mn including 1 metre @ 30.9% Mn from 17m
and 1 metre@ 30.3% Mnfrom 20m
BBRC133 11 metres(8-19m)@ 22.2% Mn_including 1 metre @ 30.6% Mnfrom 15m_
BBRC136 19 metres (1-20m) @ 27.9% Mn_including 2 metres @ 32.6% Mn from 2m and_
including 5 metres@ 33.3% Mnfrom 8m
BBRC137 16 metres(8-24m)@ 21.3% Mn
BBRC138 16 metres(5-21m)@ 22.8% Mn
BRRC140 11 metres(9-20m)@ 22.9% Mn
BBRC143 8 metres (9-17m) @ 23.9% Mn_including 1 metre @ 30.8% Mn from 14m_

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Figure 3 – Brumby East Prospect Drill Hole Location Plan

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Figure 4 - Brumby West Prospect Drill Hole Location Plan

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Brumby Creek - Area 74

Only one step-out line was drilled at the Area 74 prospect. The latest holes on the southern section (BRRC147-149) continued to intersect manganese mineralisation, leaving the prospect open to the south (see Figure 5). The best intersections from Area 74 are shown in Table 3 below.

Table 3 - Significant Intersections - Area 74

Hole No Manganese Intersection (using 18% Mn cut-off grade)
BBRC148 4 metres(15-19m)@ 21.3% Mn
BBRC149 3 metres (8-11m) @ 27.8% Mn_including 1 metre @ 33.3% Mn from 10m_and
2 metres(13-15m) @27.7% Mn

Other Activities

Diamond drilling is underway on site. Six short PQ diameter holes will recover approximately 180 metres of core samples, which will be used for density and beneficiation testwork in the new year.

Bryah Basin Manganese Joint Venture

In April 2019, Bryah executed a Manganese Farm-In and Joint Venture Agreement (“Agreement”) with OMM, a wholly owned subsidiary of ASX-listed OM Holdings Limited (ASX:OMH)[1] . The Agreement applies to the rights to manganese only over approximately 660 km[2] in the Bryah Basin (see Figure 1 and Figure 6).

Between April and August 2019, OMM funded $500,000 of project expenditure which yielded highly encouraging drilling results[2] . In August 2019, OMM elected under the Agreement to proceed and the Joint Venture (“JV”) was formed with OMM secured an initial 10% JV interest.

Under Stage 2 of the Agreement, OMM can elect to progressively fund $2.0 million of exploration expenditure in four tranches, to earn up to a 51% interest in the JV by 30 June 2022. OMM has completed Tranche 2 funding of $500,000 and now holds a 30% JV interest. OMM is proceeding with Tranche 3 funding of a further $500,000 to increase its JV interest to 40%. Bryah is Project Manager of the JV until OMM has earned a 51% JV interest and has elected to be Project Manager.

In November 2020, the Company announced that it has received a conditional $5.0 million offer for a 100% cash purchase of its JV interest in the Bryah Basin Manganese Joint Venture[3] .

The board of directors of Bryah Resources Limited has authorised this announcement to be given to the ASX.

For further information, please contact:

Neil Marston Cate Rocchi Managing Director Perth Media Tel: +61 8 9321 0001 E: [email protected]

1 See BYH ASX Announcement dated 23 April 2019 for full details

2 See BYH Quarterly Activities Report dated 31 October 2019 for full details

3 See BYH ASX Announcement dated 18 November 2020 for full details

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Figure 5 – Brumby Creek - Area 74 Drill Hole Location Plan

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Table 4 - Drilling Results (using a cut-off grade of 18% Mn)

Hole
ID
Depth
From
Depth
To
Interval
Width
Mn% Fe% P%
BRRC109 3 4 1 24.5 17.6 0.11
BRRC110 NSA
BRRC111 NSA
BRRC112 34 35 1 18.8 25.3 0.42
BRRC113 4 16 12 24.3 19.6 0.22
20 22 2 20.1 25.6 0.22
BRRC114 27 28 1 20.8 26.3 0.41
30 34 4 20.4 23.6 0.28
BRRC115 17 25 8 22.2 21.7 0.30
BRRC116 16 20 4 21.2 24.3 0.17
BRRC117 0 3 3 21.5 17.0 0.12
6 7 1 19.0 21.4 0.10
BRRC118 8 9 1 21.1 29.0 0.15
BRRC119 NSA
BRRC120 13 15 2 20.3 22.2 0.11
BRRC121 0 2 2 25.4 16.6 0.06
8 10 2 21.2 18.1 0.06
BRRC122 0 2 2 26.0 13.7 0.05
11 13 2 20.6 17.7 0.06
15 22 7 21.6 12.9 0.08
BRRC123 0 3 3 25.9 13.7 0.08
5 9 4 20.3 16.6 0.05
15 16 1 19.4 20.7 0.01
BRRC124 10 11 1 21.4 17.3 0.06
14 20 6 24.5 11.5 0.05
including 15 16 1 30.5 11.9 0.08
BRRC125 NSA
BRRC126 NSA
BRRC127 10 17 7 27.0 9.7 0.02
including 11 14 3 30.6 6.7 0.01
19 20 1 21.0 18.1 0.04
BRRC128 1 3 2 24.1 18.8 0.14
BRRC129 3 4 1 20.3 23.4 0.16
BRRC130 15 25 10 26.8 14.2 0.13
including 17 18 1 30.9 10.7 0.13
including 20 21 1 30.3 15.7 0.14
28 31 3 19.4 25.6 0.21
BRRC131 15 16 1 21.4 23.4 0.18
BRRC132 NSA

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Hole
ID
Depth
From
Depth
To
Interval
Width
Mn% Fe% P%
BRRC133 8 19 11 22.2 24.9 0.16
including 15 16 1 30.6 13.4 0.1
BRRC134 NSA
BRRC135 2 4 2 22.0 18.7 0.16
6 10 4 27.4 17.4 0.12
including 7 8 1 34.1 14.3 0.10
BRRC136 1 20 19 27.9 17.9 0.13
including 2 4 2 32.6 14.7 0.11
including 8 13 5 33.3 14.2 0.11
BRRC137 8 24 16 21.3 20.8 0.15
BRRC138 5 21 16 22.8 20.4 0.14
BRRC139 21 22 1 19.0 32.1 0.33
25 26 1 19.2 29.6 0.23
BRRC140 9 20 11 22.9 22.5 0.14
BRRC141 21 25 4 19.9 25.1 0.14
BRRC142 15 24 9 19.5 23.6 0.16
BRRC143 9 17 8 23.9 21.4 0.16
including 14 15 1 30.8 16.5 0.15
BRRC144 NSA
BRRC145 NSA
BRRC146 NSA
BRRC147 30 31 1 21.7 23.4 0.19
BRRC148 7 8 1 20.2 28.9 0.13
15 19 4 21.3 25.7 0.12
25 27 2 19.9 20.9 0.12
BRRC149 8 11 3 27.8 14.8 0.07
including 10 11 1 33.3 13.9 0.10
13 15 2 27.7 14.0 0.08
17 18 1 22.5 13.7 0.07
BRRC150 10 11 1 24.1 23.7 0.18
BRRC151 NSA

Note: Intervals are down hole and may not be true thickness Results may include up to 2 metres of <18% Mn material

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Table 5 - Drill Hole Locations

Hole
ID
Easting
mE
Northing
mN
RL
(m)
Azimuth & Dip
(planned)
Total
Depth(m)
BRRC109 645582 7191640 571 290o/-50o 30
BRRC110 645584 7191693 566 290o/-50o 46
BRRC111 645565 7191700 564 290o/-50o 28
BRRC112 645620 7191741 572 290o/-50o 48
BRRC113 645602 7191748 570 290o/-50o 30
BRRC114 645647 7191770 576 290o/-50o 55
BRRC115 645667 7191791 576 290o/-50o 48
BRRC116 645620 7191780 573 290o/-50o 20
BRRC117 645536 7191847 565 290o/-50o 35
BRRC118 645593 7191979 559 290o/-50o 15
BRRC119 645563 7192000 556 290o/-50o 15
BRRC120 645551 7191947 562 290o/-50o 21
BRRC121 645521 7191968 557 290o/-50o 24
BRRC122 645557 7191894 567 290o/-50o 32
BRRC123 645519 7191912 560 290o/-50o 22
BRRC124 645505 7191869 559 290o/-50o 28
BRRC125 645479 7191887 552 290o/-50o 25
BRRC126 645440 7191903 544 290o/-50o 25
BRRC127 645486 7191931 550 290o/-50o 23
BRRC128 645105 7192289 560 115o/-50o 25
BRRC129 645101 7192262 561 115o/-50o 30
BRRC130 645077 7192221 564 115o/-50o 42
BRRC131 645089 7192215 562 115o/-50o 22
BRRC132 645097 7192238 561 115o/-50o 30
BRRC133 645087 7192189 560 115o/-50o 24
BRRC134 645106 7192178 557 115o/-50o 20
BRRC135 645094 7192158 556 115o/-50o 15
BRRC136 645077 7192137 556 115o/-50o 22
BRRC137 645057 7192119 556 115o/-50o 24
BRRC138 645050 7192100 555 115o/-50o 24
BRRC139 645020 7192082 556 115o/-50o 30
BRRC140 645044 7192071 555 115o/-50o 24
BRRC141 645003 7192062 556 115o/-50o 40
BRRC142 645024 7192052 555 115o/-50o 24
BRRC143 645043 7192042 552 115o/-50o 24
BRRC144 644573 7191627 546 90o/-50o 40
BRRC145 644559 7191582 545 90o/-50o 40
BRRC146 645450 7191190 561 270o/-60o 40
BRRC147 645335 7190600 545 270o/-50o 35
BRRC148 645310 7190600 545 270o/-50o 30
BRRC149 645285 7190600 545 270o/-50o 30
BRRC150 645280 7190700 545 270o/-58o 30
BRRC151 645155 7190700 537 270o/-58o 21

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Figure 6 - Tenements and Geology Map

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About Bryah Resources Limited

Bryah Resources Limited is a copper-gold-manganese focused explorer with 2 projects located in central Western Australia, being the 1,185km[2] Bryah Basin Project and the 170km[2] Gabanintha Project. The Bryah Basin is host to the high-grade copper-gold mines at DeGrussa, discovered by Sandfire Resources Limited in 2009, and at Horseshoe Lights, which was mined until 1994. The Bryah Basin also has several historical and current manganese mines including the Company’s Horseshoe South mine. The Company has a joint venture agreement with OM (Manganese) Limited in respect to its manganese rights only in respect to approximately 660 km[2] of its Bryah Basin tenement holdings.

At Gabanintha, Bryah holds the rights to all minerals except Vanadium, Uranium, Cobalt, Chromium, Titanium, Lithium, Tantalum, Manganese & Iron Ore (Excluded Minerals). Australian Vanadium Limited retains 100% rights in the Excluded Minerals on the Gabanintha Project. Bryah has announced a maiden Inferred Mineral Resource at the Tumblegum South Prospect at Gabanintha of 600,000 tonnes @ 2.2 g/t Au for 42,500 oz Au .

Competent Persons Statement – Mineral Resource Estimation

The information in this announcement that relates to Mineral Resources (see BYH ASX announcement dated 29 January 2020) is based on and fairly represents information compiled by Mr Ashley Jones, Consultant with Kamili Geology Pty Ltd. Mr Jones is a member of the Australasian Institute of Mining and Metallurgy (AusIMM).

The Company confirms that it is not aware of any new information or data that materially affects the information included in that announcement and all material assumptions and technical parameters underpinning the Mineral Resource estimate with that announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons findings are presented have not materially changed from the original announcement.

Competent Persons Statement

The information in this announcement that relates to Exploration Results is based on information compiled by Mr Tony Standish, who is a Member of the Australian Institute of Geoscientists. Mr Standish is a consultant to Bryah Resources Limited (“the Company”). Mr Standish has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Tony Standish consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

Where the Company refers to Exploration Results in this announcement (referencing previous releases made to the ASX), the Company is not aware of any new information or data that materially affects the information included in the relevant market announcements.

Forward Looking Statements

This report may contain certain “forward-looking statements” which may not have been based solely on historical facts, but rather may be based on the Company’s current expectations about future events and results. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward looking statements are subject to risks, uncertainties, assumptions and other factors which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Readers should not place undue reliance on forward looking information. The Company does not undertake any obligation to release publicly any revisions to any “forward looking statement” to reflect events or circumstances after the date of this report, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

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Appendix 2 - Manganese RC Drilling

JORC Code, 2012 Edition – Table 1 Exploration Results

Section 1 Sampling Techniques and Data

Criteria JORC Code explanation Commentary
Sampling
techniques
Nature and quality of sampling (e.g. cut channels, random chips, or specific
specialised industry standard measurement tools appropriate to the minerals
under investigation, such as down hole gamma sondes, or handheld XRF
instruments, etc). These examples should not be taken as limiting the broad
meaning of sampling.
Include reference to measures taken to ensure sample representivity and the
appropriate calibration of any measurement tools or systems used.
Aspects of the determination of mineralisation that are Material to the Public
Report.
In cases where ‘industry standard’ work has been done this would be relatively
simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from
which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other
cases, more explanation may be required, such as where there is coarse gold
that has inherent sampling problems. Unusual commodities or mineralisation
types (e.g. submarine nodules) may warrant disclosure of detailed information.
• For this drilling program Bryah Resources Limited (Bryah Resources) utilised angled Reverse
Circulation (RC) drill holes.
• RC drilling was to generally accepted industry standard producing 1m samples of
approximately 3kg weight which were collected beneath a rotary cone splitter mounted under
the cyclone.
• The splitter reject sample was collected into green plastic bags which were numbered and laid
into 10m rows, initially by the hole then removed and stored at a bag farm.
• The holes were sampled as 1m samples from the splitter and placed into pre-numbered calico
bags with the draw-sting tied up and then placed inside the green plastic bag for later collection
and despatch.
• The full length of each hole drilled was sampled.
• Selected samples (based on visual logging) were collected and submitted to a contract
commercial laboratory for sorting, drying, crushing, splitting, and pulverising.
• A prepared sample is then fused in a lithium borate flux with lithium nitrate additive. The
resultant glass bead is analysed via X-Ray Fluorescence (XRF). XRF is suitable analysis for
a wide range of geological ores.
Drilling
techniques
Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast,
auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube,
depth of diamond tails, face-sampling bit or other type, whether core is oriented
_and if so, by what method, etc). _
• Bryah Resources’ RC holes were drilled with a contract RC drilling rig.
Drill sample
recovery
Method of recording and assessing core and chip sample recoveries and results
assessed.
Measures taken to maximise sample recovery and ensure representative nature
of the samples.
Whether a relationship exists between sample recovery and grade and whether
sample bias may have occurred due to preferential loss/gain of fine/coarse
material.
• The RC samples were not weighed or measured for recovery on the rig but will be completed
on a campaign basis later as required. A visual estimate of recovery was made in 3 categories
(Poor/Fair/Good).
• To ensure maximum sample recovery and the representivity of the samples, an experienced
Company geologist was present during drilling to monitor the sampling process. Any issues
were immediately rectified.

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Criteria JORC Code explanation Commentary
• Bryah Resources is satisfied that the RC holes have taken a sufficiently representative sample
of the interval and minimal loss of fines has occurred in the RC drilling resulting in minimal
sample bias.
• No twin RC drill holes have been completed to assess sample bias.
• At this stage, no investigations have been made into whether there is a relationship between
sample recovery and grade.
Logging Whether core and chip samples have been geologically and geotechnically
logged to a level of detail to support appropriate Mineral Resource estimation,
mining studies and metallurgical studies.
Whether logging is qualitative or quantitative in nature. Core (or costean,
channel, etc) photography.
The total length and percentage of the relevant intersections logged.
• All the 1m RC samples were sieved and collected into 20m chip trays for geological logging of
colour, weathering, lithology, alteration and mineralisation for potential Mineral Resource
estimation and mining studies.
• RC logging is both qualitative and quantitative in nature.
• The total length of the RC holes was logged. Where no sample was returned due to
cavities/voids it was recorded as such.
Sub-sampling
techniques
and sample
preparation
If core, whether cut or sawn and whether quarter, half or all core taken.
If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled
wet or dry.
For all sample types, the nature, quality, and appropriateness of the sample
preparation technique.
Quality control procedures adopted for all sub-sampling stages to maximise
representivity of samples.
Measures taken to ensure that the sampling is representative of the in-situ
material collected, including for instance results for field duplicate/second-half
sampling.
Whether sample sizes are appropriate to the grain size of the material being
sampled.
• Sampling technique:
o All RC samples were collected by the RC rig into a cyclone and then passed through the cone
splitter.
o The samples were generally dry, and all attempts were made to ensure the collected samples
were dry. Moisture was logged in a qualitative way.
o The cyclone and cone splitter were cleaned with compressed air at the end of every 6m RC
drill rod.
o The sample sizes were appropriate to correctly represent the mineralisation based on the style
of mineralisation, the thickness and consistency of intersections, the sampling methodology
and percent value assay ranges for the primary elements.
• Quality Control Procedures were:
o A duplicated sample was collected at random intervals on the cyclone nominally 1 per 100
samples.
o Certified Reference Material (CRM) samples were inserted in the field every 40 samples
containing a range of manganese values.
o Overall QAQC insertion rate of 1:30 samples
o Laboratory repeats taken and standards inserted at pre-determined level specified by the
laboratory.
o Sample preparation at the laboratory: The samples are weighed and dried at 105oC, then
coarsely crushed to -6.3mm using a jaw crusher. If the sample size is greater than 2.5kg the
samples are then riffle split. Samples are then pulverised by LM5 or disc pulveriser to 80%
passing-75 microns

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Criteria JORC Code explanation Commentary
o The sample sizes are considered appropriate to correctly represent the mineralisation based
on the style of mineralisation, the thickness and consistency of intersections, the sampling
methodology and the assay value ranges expected for manganese and its impurities.
Quality of
assay data and
laboratory
tests
The nature, quality and appropriateness of the assaying and laboratory
procedures used and whether the technique is considered partial or total.
For geophysical tools, spectrometers, handheld XRF instruments, etc, the
parameters used in determining the analysis including instrument make and
model, reading times, calibrations factors applied and their derivation, etc.
Nature of quality control procedures adopted (e.g. standards, blanks, duplicates,
external laboratory checks) and whether acceptable levels of accuracy (i.e. lack
of bias) andprecision have been established.
• XRF is suitable for the total analysis of a range of geological ores and is appropriate for
analysis of manganese and its associated impurities.
• Duplicates and samples containing standards were included in the analyses.
Verification of
sampling and
assaying
The verification of significant intersections by either independent or alternative
company personnel.
The use of twinned holes.
Documentation of primary data, data entry procedures, data verification, data
storage (physical and electronic) protocols.
Discuss any adjustment to assay data.
• Significant intersections have been independently verified by alternative company personnel.
• The use of twinned holes has not been implemented and is not considered necessary at this
stage of exploration.
• The Competent Person has visited the site & supervised the drilling and sampling processes
in the field.
• All primary data related to logging and sampling are captured using laptops into LogChief
templates.
• All data is sent to Perth and stored in the centralised Access database with a Data Shed front
end which is managed by company geologists.
• No adjustments or calibrations have been made to any assay data, apart from resetting below
detection values to half positive detection.
Location of
data points
Accuracy and quality of surveys used to locate drill holes (collar and down-hole
surveys), trenches, mine workings and other locations used in Mineral Resource
estimation.
Specification of the grid system used.
Quality and adequacy of topographic control.
• All collars have currently been surveyed with a differential GPS by Bryah staff and will be
independently surveyed by surveyors using a differential GPS for accurate collar location and
RL. The digital data has been entered directly into the company Access database.
• Downhole surveys have been completed on all the RC drill holes by the drillers. They used a
Reflex Ez-Trac downhole as a single-shot tool to collect the surveys approximately every 30m
down the hole in a stainless-steel starter rod.
• The grid system for the Bryah Basin prospect is MGA_GDA94 Zone 50.
• Topographic control is based upon known survey datums located within the area.

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Criteria JORC Code explanation Commentary
Data spacing
and
distribution
Data spacing for reporting of Exploration Results.
Whether the data spacing and distribution is sufficient to establish the degree of
geological and grade continuity appropriate for the Mineral Resource and Ore
Reserve estimation procedure(s) and classifications applied.
Whether sample compositing has been applied.
• As this program tested several locations there was considerable variation in the drill spacing
and drillhole orientation.
• The drill spacing (down to 25 x 25m) in this program is to provide sufficient information to
establish the degree of geological and grade continuity applied under the 2012 JORC code for
a mineral resource. Sample compositing was not applied to this drilling; all sampling was at
1m intervals.
Orientation of
data in relation
to geological
structure
Whether the orientation of sampling achieves unbiased sampling of possible
structures and the extent to which this is known, considering the deposit type.
If the relationship between the drilling orientation and the orientation of key
mineralised structures is considered to have introduced a sampling bias, this
should be assessed and reported if material.
• The attitude of the lithological units varies greatly both within the prospects and between
prospect to prospect.
• The sedimentary package at Brumby strikes roughly north-south but due to folding can dip at
a range of attitudes and directions. Manganese mineralisation can follow and/or overprint
sedimentary bedding.
• No drilling orientation and sampling bias has been recognized at this time and it is not
considered to have introduced a sampling bias.
The measures taken to ensure sample security. • The samples collected were placed in calico bags and transported to the relevant Perth
laboratory by company personnel.
• Sample security was not considered a significant risk.
Audits or
reviews
The results of any audits or reviews of sampling techniques and data. • The Company database has been compiled from primary data by independent database
consultants and was based on original assay data and historical database compilations.
• A regular review of the data and sampling techniques is carried out internally.

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Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria JORC Code explanation Commentary
Mineral
tenement and
land tenure
status
Type, reference name/number, location and ownership including agreements or
material issues with third parties such as joint ventures, partnerships, overriding
royalties, native title interests, historical sites, wilderness or national park and
environmental settings.
The security of the tenure held at the time of reporting along with any known
impediments to obtaining a licence to operate in the area.
• The relevant tenements (E52/3237 and M52/806) are 100% owned or beneficially held
by Bryah Resources Limited. OM (Manganese) Limited holds a 30% joint venture interest
in respect to the manganese rights only on this tenement.
• At the time of reporting, there are no known impediments to obtaining a licence to operate
in the area and the tenements are in good standing.
Exploration
done by other
parties
Acknowledgment and appraisal of exploration by other parties. • The manganese deposits in the region were discovered during the gold rush period
between 1897 and 1911 however were of little interest to explorers at the time.
• Mining operations between 1948 and 1967 received the focus of early exploration.
• Manganese exploration conducted by BHP Limited, King Mining Corporation Ltd, Valiant
Consolidated Ltd and various others since the 1960’s was concentrated mainly around
the historic pits at Elsa Group, Millidie, Horseshoe South, Mudderwearie and Ravelstone.
• Tuart Resources Limited and Peak Hill Manganese Pty Ltd undertook regional
exploration over a large portion of the Bryah and Padbury Basins in the period after 2000,
identifying numerous manganese anomalies from satellite imagery and aerial
photography. Only limited on-ground exploration of many of these anomalies was
undertaken.
Geology Deposit type, geological setting, and style of mineralisation. • These manganese occurrences are within the Lower Proterozoic Bryah and Padbury
Basins. Manganese deposits are a product of prolonged weathering and oxidation of
sedimentary rocks and chemical concentration and re-deposition of manganese within
ancient drainage systems. Most of the manganese deposits are remnants of former
drainage palaeochannels. Although detailed surveys have not been completed, the
location of most manganese deposits appears to be at about the elevation of the former
palaeosurface. These deposits are now left as hilltop mesas or cappings (inverted relief).

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Criteria JORC Code explanation Commentary
Drill hole
Information
A summary of all information material to the understanding of the exploration results
including a tabulation of the following information for all Material drill holes:
o easting and northing of the drill hole collar
o elevation or RL (Reduced Level – elevation above sea level in m) of the drill hole collar
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.
If the exclusion of this information is justified on the basis that the information is not
Material and this exclusion does not detract from the understanding of the report, the
Competent Person should clearly explain why this is the case.
• Refer to Tables 4 and 5 of this ASX Announcement for details of sample locations, etc.
Data
aggregation
methods
In reporting Exploration Results, weighting averaging techniques, maximum and/or
minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually
Material and should be stated.
Where aggregate intercepts incorporate short lengths of high-grade results and longer
lengths of low grade results, the procedure used for such aggregation should be stated
and some typical examples of such aggregations should be shown in detail.
The assumptions used for any reporting of metal equivalent values should be clearly
stated.
• No high-grade cuts have been applied to the reporting of exploration results.
• No metal equivalent values have been used.
Relationship
between
mineralisation
widths and
intercept lengths
These relationships are particularly important in the reporting of Exploration Results.
If the geometry of the mineralisation with respect to the drill hole angle is known, its
nature should be reported.
If it is not known and only the down hole lengths are reported, there should be a clear
statement to this effect (e.g. ‘down hole length, true width not known’).
• In this program there was some variation in the drill spacing and hole orientation.
• Due to locally varying intersection angles between drill holes and lithological units all
results are defined as downhole widths.
Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts should be
included for any significant discovery being reported These should include, but not be
limited to aplan view of drill hole collar locations and appropriate sectional views.
• See attached figures within this announcement.
Balanced
reporting
Where comprehensive reporting of all Exploration Results is not practicable,
representative reporting of both low and high grades and/or widths should be practiced
to avoid misleading reporting of Exploration Results.
• Refer to Table 4 of this ASX Announcement.
Other
substantive
exploration data
Other exploration data, if meaningful and material, should be reported including (but
not limited to): geological observations; geophysical survey results; geochemical
survey results; bulk samples – size and method of treatment; metallurgical test results;
bulk density, groundwater, geotechnical and rock characteristics; potential deleterious
or contaminating substances.
• No other exploration data available.

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Criteria JORC Code explanation Commentary
Further work The nature and scale of planned further work (e.g. tests for lateral extensions or depth
extensions or large-scale step-out drilling).
Diagrams clearly highlighting the areas of possible extensions, including the main
geological interpretations and future drilling areas, provided this information is not
commercially sensitive.
• Additional drilling was completed in other locations (Horseshoe South Mine) and assays
are pending

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