How Bryah Resources Plans to Unlock Gold and Antimony Riches at Golden Pike

Golden Pike Acquisition and Exploration Plans

In a significant move, Bryah Resources Limited has signed a contract to acquire the Golden Pike high-grade gold and antimony project located in New Brunswick, Canada. This acquisition marks a strategic expansion beyond Bryah's Australian base, tapping into a historically productive mining region with existing infrastructure and proximity to the US border. The project boasts a foreign NI 43-101 resource estimate of approximately 66,300 ounces of gold at an average grade of 9.6 grams per tonne, though this estimate is yet to be converted to the JORC standard required for Australian reporting.

Recent site visits by CEO Greg Hill and the geological team have reinforced confidence in the project’s potential, particularly with the discovery of exceptionally high-grade antimony rock chip samples at the Bond Road prospect, reaching up to 57% antimony. These findings have set the stage for planned drilling campaigns targeting both gold and antimony in the December quarter, aiming to upgrade the resource classification and expand known mineralisation.

Leadership and Capital Raising

Bryah Resources has appointed Greg Hill, an experienced mining and engineering professional, as CEO effective July 2025. Hill’s leadership is already shaping the company’s strategic direction, including a thorough review of Bryah’s Australian assets such as the Bryah Basin copper-gold projects and the Gabanintha gold and base metals project. Hill has indicated that independent consultants will soon be engaged to assess these tenements, with potential joint ventures or sales under consideration.

Financially, Bryah ended the September quarter with a modest cash balance of $226,997 but has since secured firm commitments to raise up to $1.98 million. This capital injection is critical to fund the imminent drilling programs at Golden Pike and sustain ongoing exploration activities. The company’s ability to raise funds swiftly post-quarter demonstrates investor confidence despite the low cash position at quarter-end.

Australian Projects and Strategic Outlook

While the spotlight is on Golden Pike, Bryah continues to hold significant interests in Western Australia. The Bryah Basin project covers over 1,000 square kilometres of prospective ground near established mines, including the former DeGrussa copper-gold mine. Bryah’s manganese joint venture with OM Holdings remains a substantial asset, with OMH having invested over $4.5 million to earn a majority interest in manganese rights.

Additionally, Bryah is negotiating the sale of nickel and other metal rights at the Gabanintha project, with Australian Vanadium Limited holding first refusal. These moves suggest a strategic focus on optimising the company’s portfolio and capitalising on high-value assets.

Challenges and Next Steps

Despite promising developments, Bryah faces challenges, notably the need to convert the Golden Pike resource estimate from the Canadian NI 43-101 standard to the JORC code, which introduces uncertainty about the resource’s economic viability until confirmed. Furthermore, the company’s low cash reserves at quarter-end highlight the importance of successful capital raising and efficient use of funds.

Investors will be watching closely as Bryah embarks on its drilling campaigns in the December quarter, which will provide critical data to validate and potentially expand the Golden Pike resource. The outcomes will be pivotal in shaping Bryah’s valuation and strategic direction moving forward.