Make Kitco Your Homepage

Bryah Resources obtains lease

Kitco News

Bryah Resources (ASX:BYH) announced today that a mining lease over the company's Tumblegum South Prospect was granted.

The lease is located within its Gabanintha Project, in the gold-rich Meekatharra region of Western Australia.

The Tumblegum South prospect, has an inferred mineral resource of 600,000 tonnes @ 2.2 g/t Au for 42,500 oz Au.

The company said negotiations are well advanced for a collaboration agreement with a gold plant owner to develop and commence open pit gold production.

“This is a significant milestone on the pathway to near-term gold production at Tumblegum South. We have been successful in progressing the mining lease application and to have it granted in less than 8 months is a credit to all involved and gives us a great chance to capitalise on the robust gold price," said Bryah Resources Managing Director Neil Marston.

“We are well advanced in negotiations with a gold processing plant owner about collaborating on the development of the resource with our joint goal being to be fully permitted to start mining and processing gold sometime in 2021."

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.