Quarterly Activities Report

This report summarises the exploration and corporate activities of Bryah Resources Limited (“Bryah” or “the Company”) during the quarter ended 30^th September 2022.

HIGHLIGHTS:

Bryah Basin Manganese Joint Venture Project (49% JV Interest)

• Results received for the 2,498m Reverse Circulation (RC) drilling program completed at the Brumby Creek manganese targets.

• Redrum Prospect shows potential for new manganese deposit in the Bryah Basin.

• New results received to date from Brumby West confirm excellent tenor of deposit extension.

• Results pending for the June manganese RC program.

• OM Holdings is the JV partner for this project.

Bryah Basin Copper-Gold Project (100%)

Olympus

• First pass drilling at Olympus for a total of 2,148m of RC drilling completed in June/July 2022 and has identified a prospective mineralised horizon.

• Semi massive sulphide mineralisation and anomalous copper up to 0.1% Cu.

• Highly anomalous Volcanogenic Hosted Massive Sulphide (VHMS) pathfinder elements identified.

• Follow up copper-gold drill targets identified.

• WA State Government EIS grant funding for $130,000 covered approximately 50% of the drilling costs.

• Follow up downhole electromagnetic (DHEM) surveys planned to test for off-hole conductors that may correspond with copper sulphide mineralisation.

Windalah

• 691m diamond drill core program commenced in September and completed using RC precollars drilled in July.

• Targeting Cu-Au VMS mineralisation 300m and 500m depth.

• Deep VMS targets are a product of multiple lines of strong geological evidence.

• WA State Government EIS grant funding for $140,000.¹

• Bryah Resources is part of collaborative project with Australian Vanadium Limited (ASX: AVL) which secured a $49M Australian Government grant to help develop the Australian Vanadium Project. Bryah holds the nickel and copper rights.

• The collaborative project includes recovery of nickel, copper and cobalt from the tails stream.

• Discussions with AVL on an alternative testwork program in progress.

Lake Johnston Lithium-Nickel Project (100%)

• All tenements granted last quarter

• Option agreement with Mining Green Metals to acquire a 51% interest in the Lake Johnston Lithium-Nickel project.

• A transaction deal over $2 million upon a successful IPO.

• Bryah to retain 49% interest in project, with associated benefits to shareholders.

Corporate

• Cash position of $1.2 million as at 30^th September 2022.

Commenting on the September quarter CEO Ashley Jones said,

“Our team completed two copper-gold drill programs during the quarter, with the Olympus drilling of 2,148m of RC drilling completed and an RC and diamond program completed at Windalah for 836m RC and 691m diamond drilling. Manganese projects results were received which highlight the growth potential for the Brumby Creek area.

The Volcanogenic Massive Sulphide (VMS) system at the Windalah copper-gold prospect in the Bryah Basin was the target and interpretations indicated deeper holes were required to vector into the hotter parts of the system. The first pass drilling at Olympus was encouraging as we fast tracked the area with deeper holes into the fresh rock, utilising what we had learnt from the Windalah project. The deep holes in Windalah were completed at the end September and will be transported to Perth for geological interpretation.

The manganese project areas Redrum and Brumby West had results released during the quarter. Redrum is an exciting new prospect area which is still open in all directions. These new results were generated from GAIP anomalies and indicate this geophysical technique can help prioritise drill targets and keep delivering areas with manganese resource potential.”

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