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Bryah Resources: Secures $130k EIS drilling grant

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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

Bryah Resources Secures $130k EIS drilling grant

  • Bryah Resources (BYH) secures a $130,000 drilling grant as part of the WA Government’s Exploration Incentive Scheme (EIS)
  • In compliance with the grant, drilling must be undertaken between December 1, 2021, and November 30, 2022
  • Bryah plans to use the money to drill three holes, for 3000 metres, at the Olympus anomaly within its Bryah Basin project in central Western Australia
  • The Olympus Anomaly is a multi-element geochemical anomaly that was confirmed by infill auger soil sampling undertaken earlier in the year
  • It has similar elements to the geochemical anomaly at Bryah’s nearby Windalah copper-gold prospect
  • Shares in Bryah are down 4.62 per cent on the market and are trading at 6.2 cents
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