Latest news with #Bryah
Sydney Morning Herald
06-06-2025
- Business
- Sydney Morning Herald
ASX Runners of the Week: Eclipse, Bryah, Bastion & Codeifai
The updated resource area is restricted to a relatively small portion of rare earths-endowed carbonatite. A 2023 exploration program included trenching and shallow drilling, but was constrained to within 12m of surface. The company last year laid its hands on 23 drill core samples from six diamond holes hammered into the site in 1950. The holes were drilled to a maximum depth of about 200m by cryolite miner Kryolitselskabet Oresund to test for a potential iron ore deposit. Laboratory analysis from the core samples returned the impressive numbers, resulting in a gargantuan leap in the mineral resource. Sitting in geopolitically stable Greenland with deep-water access, Gronnedal sits on a sliver of a massive carbonatite complex, with mineralisation open in all directions expected to stretch well past 500m deep. Eclipse is gearing up to drill deeper and wider, chasing what could be a globally critical supply of rare earths. That could be particularly significant given the US is chasing new rare earth supplies and Trump's latest musings about snapping up Greenland for its critical mineral deposits. With clean energy demand surging and only six historic drill holes underpinning the resource, Eclipse's Gronnedal could be the kind of blockbuster that sends shareholders to the moon. BRYAH RESOURCES (ASX: BYH) up 240% (0.5c – 1.7c) Gold explorer Bryah Resources had a tremendous week to come in second on the ASX Runners list. The company stormed the bourse with a cheeky 240 per cent surge in its share price, thanks to a shareholder mutiny to send the boardroom brass walking and bring in new directors to get working on its shiny new Canadian gold project. The drama kicked off with a section 249D notice from heavyweight shareholder Yu Yonglu, who holds an 11.8 per cent stake or 102 million shares in the company. Yu launched a strike to oust directors Leslie Ingraham and Ian Stuart on Monday, proposing seasoned minerals veterans Nicholas Katris and Bishoy Habib steer the ship. Katris and Habib are the golden boys behind Trigg Minerals, an ASX antimony darling whose shares ran from 0.5c to 10.25c in under a year. Surprisingly, Bryah's share price leapt a massive 200 per cent at the start of the week, on an impressive 72.8M shares traded, to close at 1.5c by Tuesday afternoon. A massive 85.3M shares were traded on Wednesday, pushing the share price to a peak for the week of 1.7c and a tremendous 240 per cent gain over two days. Fuel was added to the fire in the form of Bryah's acquisition last month of the Golden Pike project in New Brunswick, Canada, which has a foreign resource of 214,800 tonnes at an impressive 9.6 grams per tonne (g/t) for 66,300 ounces gold. The project features some stonking historic bonanza intercepts, such as 13 metres at 43.07g/t and 10m grading a little over an ounce per tonne gold. The company says plenty of upside remains at the project with untested boulders assaying up to 244g/t gold. Golden Pike now looks like a priority target for a first drilling campaign. As gold prices continue to push all-time highs, Golden Pike looks ready for the shovel in a mining-friendly region with top-notch infrastructure, potentially positioning Bryah for a company-making discovery. Yu's boardroom coup appears to have been popular, with shareholders sipping champagne on the thought the two Trigg poster boys might soon be in their corner. Up 167% (0.15c to 0.4c) Bastion Minerals burst from the blocks as a late runner this morning to secure third place in this week's list. After closing at 0.15c on Thursday, the company's shares opened at 0.2c and sprinted to 0.4c on massive volumes, exceeding 200M shares traded by noon. Bastion has seen its daily share volumes swing wildly during the year, ranging from one share up to 55.7M shares traded in a day. Friday's volumes appear to surpass any previous frenzied trading levels in the stock. The company recently appointed a new leadership team to review all its existing projects. It also plans to acquire some early-stage Australian gold projects. All the new non-executive directors will assume hands-on roles in the absence of a management team and look to immediately kick goals for shareholders by focusing on projects with a traditional exploration earn-in model. Bastion previously reported on a non-JORC resource at its ICE copper-gold project within Canada's Yukon Territory. The resource stands at 4.56Mt grading 1.48 per cent copper and has significant gold credits, estimated at 0.15g/t to 0.85g/t. Late last month, the company said it anticipated receipt of a commissioned report for a JORC mineral resource estimate for ICE, which could have been a catalyst for today's price action. The company went into a trading halt mid-afternoon Friday, which will last until a response to an ASX price query and an announcement on the release date for the company's maiden JORC resource for the ICE project. CODEIFAI LIMITED (ASX: CDE) Up 120% (1c – 2.2c) Coming in fourth place for the week is brand solutions technology group Codeifai Ltd, which on Tuesday morning revealed news of a $570,000 share placement to professional and sophisticated investors. Like a footballer crumbling to the turf one hour after receiving a bone-jarring bump, the share price and trading volumes initially showed little response. A delayed reaction kicked in on Wednesday with volumes jumping to 7.5M shares traded for the day, accompanied by a 100 per cent surge in Codeifai's share price. The shares ran again on Thursday, driven by almost 6M traded shares, touching a weekly high of 2.2c a share for a tasty 120 per cent gain for the week. Codeifai recently pivoted to become a brand solutions specialist that develops and sells digital solutions using QR code technology through its software-as-a-service (SaaS) offerings ConnectQR and ProtectCode. The company says its Connect QR with AI-generated QR codes can produce revenue 24/7 and its ProtectCode solution, integrated with its own cloud-based platform, provides unique QR codes for each product to ensure authenticity. It has already generated millions of codes. QR codes are used for payment gateways, and the beauty of its SaaS offering is its ability to generate 24/7 customer signups. Codeifai was also hit with a speeding ticket from the ASX constabulary late Thursday and went into a trading halt, pending its response to the price and volume surge.
The Age
06-06-2025
- Business
- The Age
ASX Runners of the Week: Eclipse, Bryah, Bastion & Codeifai
The updated resource area is restricted to a relatively small portion of rare earths-endowed carbonatite. A 2023 exploration program included trenching and shallow drilling, but was constrained to within 12m of surface. The company last year laid its hands on 23 drill core samples from six diamond holes hammered into the site in 1950. The holes were drilled to a maximum depth of about 200m by cryolite miner Kryolitselskabet Oresund to test for a potential iron ore deposit. Laboratory analysis from the core samples returned the impressive numbers, resulting in a gargantuan leap in the mineral resource. Sitting in geopolitically stable Greenland with deep-water access, Gronnedal sits on a sliver of a massive carbonatite complex, with mineralisation open in all directions expected to stretch well past 500m deep. Eclipse is gearing up to drill deeper and wider, chasing what could be a globally critical supply of rare earths. That could be particularly significant given the US is chasing new rare earth supplies and Trump's latest musings about snapping up Greenland for its critical mineral deposits. With clean energy demand surging and only six historic drill holes underpinning the resource, Eclipse's Gronnedal could be the kind of blockbuster that sends shareholders to the moon. BRYAH RESOURCES (ASX: BYH) up 240% (0.5c – 1.7c) Gold explorer Bryah Resources had a tremendous week to come in second on the ASX Runners list. The company stormed the bourse with a cheeky 240 per cent surge in its share price, thanks to a shareholder mutiny to send the boardroom brass walking and bring in new directors to get working on its shiny new Canadian gold project. The drama kicked off with a section 249D notice from heavyweight shareholder Yu Yonglu, who holds an 11.8 per cent stake or 102 million shares in the company. Yu launched a strike to oust directors Leslie Ingraham and Ian Stuart on Monday, proposing seasoned minerals veterans Nicholas Katris and Bishoy Habib steer the ship. Katris and Habib are the golden boys behind Trigg Minerals, an ASX antimony darling whose shares ran from 0.5c to 10.25c in under a year. Surprisingly, Bryah's share price leapt a massive 200 per cent at the start of the week, on an impressive 72.8M shares traded, to close at 1.5c by Tuesday afternoon. A massive 85.3M shares were traded on Wednesday, pushing the share price to a peak for the week of 1.7c and a tremendous 240 per cent gain over two days. Fuel was added to the fire in the form of Bryah's acquisition last month of the Golden Pike project in New Brunswick, Canada, which has a foreign resource of 214,800 tonnes at an impressive 9.6 grams per tonne (g/t) for 66,300 ounces gold. The project features some stonking historic bonanza intercepts, such as 13 metres at 43.07g/t and 10m grading a little over an ounce per tonne gold. The company says plenty of upside remains at the project with untested boulders assaying up to 244g/t gold. Golden Pike now looks like a priority target for a first drilling campaign. As gold prices continue to push all-time highs, Golden Pike looks ready for the shovel in a mining-friendly region with top-notch infrastructure, potentially positioning Bryah for a company-making discovery. Yu's boardroom coup appears to have been popular, with shareholders sipping champagne on the thought the two Trigg poster boys might soon be in their corner. Up 167% (0.15c to 0.4c) Bastion Minerals burst from the blocks as a late runner this morning to secure third place in this week's list. After closing at 0.15c on Thursday, the company's shares opened at 0.2c and sprinted to 0.4c on massive volumes, exceeding 200M shares traded by noon. Bastion has seen its daily share volumes swing wildly during the year, ranging from one share up to 55.7M shares traded in a day. Friday's volumes appear to surpass any previous frenzied trading levels in the stock. The company recently appointed a new leadership team to review all its existing projects. It also plans to acquire some early-stage Australian gold projects. All the new non-executive directors will assume hands-on roles in the absence of a management team and look to immediately kick goals for shareholders by focusing on projects with a traditional exploration earn-in model. Bastion previously reported on a non-JORC resource at its ICE copper-gold project within Canada's Yukon Territory. The resource stands at 4.56Mt grading 1.48 per cent copper and has significant gold credits, estimated at 0.15g/t to 0.85g/t. Late last month, the company said it anticipated receipt of a commissioned report for a JORC mineral resource estimate for ICE, which could have been a catalyst for today's price action. The company went into a trading halt mid-afternoon Friday, which will last until a response to an ASX price query and an announcement on the release date for the company's maiden JORC resource for the ICE project. CODEIFAI LIMITED (ASX: CDE) Up 120% (1c – 2.2c) Coming in fourth place for the week is brand solutions technology group Codeifai Ltd, which on Tuesday morning revealed news of a $570,000 share placement to professional and sophisticated investors. Like a footballer crumbling to the turf one hour after receiving a bone-jarring bump, the share price and trading volumes initially showed little response. A delayed reaction kicked in on Wednesday with volumes jumping to 7.5M shares traded for the day, accompanied by a 100 per cent surge in Codeifai's share price. The shares ran again on Thursday, driven by almost 6M traded shares, touching a weekly high of 2.2c a share for a tasty 120 per cent gain for the week. Codeifai recently pivoted to become a brand solutions specialist that develops and sells digital solutions using QR code technology through its software-as-a-service (SaaS) offerings ConnectQR and ProtectCode. The company says its Connect QR with AI-generated QR codes can produce revenue 24/7 and its ProtectCode solution, integrated with its own cloud-based platform, provides unique QR codes for each product to ensure authenticity. It has already generated millions of codes. QR codes are used for payment gateways, and the beauty of its SaaS offering is its ability to generate 24/7 customer signups. Codeifai was also hit with a speeding ticket from the ASX constabulary late Thursday and went into a trading halt, pending its response to the price and volume surge.
Yahoo
22-05-2025
- Business
- Yahoo
Globex Options Devils Pike (Golden Pike) New Brunswick Gold/Antimony property
ROUYN-NORANDA, Quebec, May 22, 2025 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that it has signed an option agreement on its Golden Pike (Devils Pike) gold property in New Brunswick with Australian company Bryah Resources Limited (BYH-ASX). The Golden Pike has a historical NI 43-101 capped Inferred Resource of 214,800 t at 9.6 g/t Au containing 66,300 oz gold.1 Under the agreement, which is a four-year option, Bryah may pay Globex as follows to earn a 100% interest in the property. Failure to complete all payment terms results in earning no property interest. $20,000 for 2-month due diligence period (received); Year 1, $80,000 and $ 200,000 in Bryah shares and undertake $500,000 (FIRM) in expenditures; Year 2, $100,000 and $200,000 in Bryah shares and undertake $500,000 in expenditures; Year 3, $200,000 and $200,000 in Bryah shares and undertake $1,000,000 in expenditures; Year 4, $300,000 and $500,000 in Bryah shares and undertake $1,000,000 in expenditures; Total: $700,000 cash, $1,100,000 in Bryah shares and $3,000,000 in property expenditures. Should Bryah achieve production, Globex will retain a 2% Gross Metal Royalty (GMR) on the first 20,000 oz. Au produced and a 3% Gross Metal Royalty on all subsequent production. Bryah shall have the right to purchase 1% of the 3% GMR only prior to reaching 20,000 oz. of gold recovery. In addition, at the sixth anniversary, Globex shall begin to receive an annual $60,000 advance royalty payment adjusted for inflation and recoverable by Bryah from first production of gold and other metals or minerals from the property. The property has a pre-existing royalty that may be due to a third party for which Globex will remain responsible. In addition to the property's gold potential, several occurrences of antimony are recorded with grab samples on surface of up to 53% Sb. (Note: grab samples are selective in nature and do not represent an average grade.) Extensive geological, geochemical, geophysical surveys have been undertaken on the property in addition to exploration drilling and definition drilling on the Golden (Devil's) Pike gold zone. 1 Technical Report on the Golden Pike Project, Canada NI 43-101 Report. Qualified Persons: Paul Chamois, (Applied), Tudorel Ciuculescu, David A. Ross, Roscoe Postle Associates Inc., August 19, 2011. Golden (Devil's) Pike South Gold Deposit (Longitudinal Section) – Bryah Resources Bryah Resources Press Release May 21, 2025 True Widths - Extract from NI43-101 The mineralizing system trends northerly, dips steeply to the west, and has a true width varying from one metre to five metres. Wider mineralized intervals may be a result of en echelon veining or splaying of veins. The veining is structurally controlled along a brittle fracture and is oblique to the regional northeast structural trend. The veining consists mainly of quartz and carbonate with or without sulphides. Many of the veins appear to be composite, consisting of more than one generation of quartz and/or carbonate. Individual intersections range as high as 26.47 g/t Au across 4.10 m in hole FR-95-09 to 8.08 g/t Au across 7.72 m in hole DP-08-15. COMPETENT PERSONS STATEMENT - EXPLORATION RESULTS The information in this announcement that relates to exploration results is based on the information obtained from the NI43 101, public, and supplied data (from Globex) which has been reviewed by Mr. Ashley Jones, who is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM) and is a director of Bryah Resources. Mr. Jones has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Jones consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. Where the Company refers to Exploration Results in this announcement (referencing previous releases made to the ASX), the Company is not aware of any new information or data that materially affects the information included in the relevant market announcements. This press release was written by Jack Stoch, P. Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101. We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b) CUSIP Number 379900 50 9LEI 529900XYUKGG3LF9PY95 For further information, contact: Jack Stoch, & CEOGlobex Mining Enterprises Inc.86, 14th StreetRouyn-Noranda, Quebec Canada J9X 2J1 Tel.: 819.797.5242Fax: 819.797.1470 info@ Forward-Looking Statements: Except for historical information, this news release may contain certain 'forward-looking statements'. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. ('Globex'). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the 'Annual Information Form' filed by Globex on A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-03-2025
- Business
- Yahoo
Bryah Resources exits government-funded partnership with Australian Vanadium
Australian miner Bryah Resources has withdrawn from a partnership agreement with Australian Vanadium formed to recover nickel, copper and cobalt from the tails stream of the Australian Vanadium project in Gabanintha, Australia. Australian Vanadium secured a government grant of up to A$49m to advance the project in May 2023. Bryah Resources was not entitled to the funding but had a liability of A$100,000, which has now been cleared. The company holds rights to all minerals except chromium, cobalt, iron ore, lithium, manganese, tantalum, titanium, uranium and vanadium over an 80km² project at Gabanintha, 40km south of Meekatharra, Western Australia (WA). Australian Vanadium retains full rights to these excluded minerals. Bryah Resources retains mineral rights for nickel, copper and gold at the project, which it is planning to sell due to growing interest in critical minerals. The company said in a statement: 'Given the interest in critical minerals and in-bound enquiries to Bryah, Bryah sees an opportunity to rationalise its asset base and dispose of the mineral rights and is actively marketing the sale. 'By monetising these mineral rights as soon as possible, it will free up funds to focus on other assets in the company. The tailings from the AVL project post mining relating to the mineral rights of Bryah could be processed later and treated independently.' In addition to base metals, Bryah Resources is also reviewing gold prospectivity in the Australian Vanadium project area. High-grade gold mineralisation has been identified within the mining lease, with significant gold intercepts from previous drilling. This includes a 10m intercept at 27.5 gram per tonne (g/t) of gold, highlighting the potential for significant gold mineralisation in cross-cutting fault zones. The indicated mineral resources portion of 16.1 million tonnes (mt) falls within the existing pit designs for Australian Vanadium's proposed 25-year vanadium project. This resource is expected to be processed through Australian Vanadium's 1.6mt per annum crushing, milling and beneficiation plant, which forms part of the 30.9mt high-grade vanadium resource included in the pits. In January 2025, the Australian Vanadium project, an integrated mining and processing development, received major project status from the WA Government for green energy. "Bryah Resources exits government-funded partnership with Australian Vanadium" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
