NWH nrw holdings limited

From a popular newsletter "Special Report: Bryah Resources’...

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    From a popular newsletter

    "Special Report: Bryah Resources’ Bryah Basin joint venture has hit high grade manganese while drilling the historic Horseshoe South mine, as it works towards a maiden resource estimate for the project.
    The latest results from the Bryah Basin manganese joint venture – owned 70% by Bryah Resources (ASX:BYH) and 30% by a subsidiary of OM Holdings (ASX:OMH) – are the last to come of a program carried out in October and November last year to allow improved geological modelling of the historic mine site.
    They did just that, with Bryah stating the latest results confirmed the presence of high-grade manganese mineralisation beneath the existing main pit floor and provided an increased geological understanding of the area.
    A potential channel deposit was intersected, defined by lower iron and phosphorus grades when compared against stratigraphic manganese mineralisation in the area.
    The best results recorded during holes completed in 2020 included:
    • 3m at 37.8% manganese from 5m in HSRC087, including 2m at 44.3% from 5m;
    • 4m at 35.9% manganese from 4m in HSRC106, including 3m at 39.7% manganese from 9m;
    • 4m at 30% manganese from 5m, including 2m at 35.3% from 6m in HSRC095;
    • 16m at 26.1% manganese from 6m, including 1m at 34.3% from 11m and 2m at 32.5% from 15m in HERC071;
    • And 8m at 28.9% manganese from 10m including 1m at 34.3% from 11m and 2m at 32.5% from 15m in HERC066."

    and further along


    "However, Bryah received a conditional $5 million offer from Primero Group (ASXGX) and AMCI Group for its interest in the Bryah Basin Manganese Joint Venture in November 2020 – an offer it intends to accept."



    Is that why NWH has been well supported lately
    Last edited by mpv2: 05/01/21
 
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