Bryah Resources (ASX:BYH) managing director Neil Marston updates Proactive Investors on the company's "game-changing" new joint voint venture with OM Holdings Ltd (ASX:OMH), giving Bryah the ability to earn a 51% interest in manganese mineral rights over 600 square kilometres.
Marston says the company took advantage of OMH Group’s search for new manganese ore to replace its Bootu Creek production.
He adds that exercising Bryah’s option to buy the historical Horseshoe South Manganese Mine gives it exposure to a mine that produced about one million tonnes of high grade manganese ore from 1948-1969 and 2008-2011.
