Bryah Resources Limited has announced the exercise of its option to acquire the Golden Pike high-grade gold and antimony project in New Brunswick, Canada. The company secured 100% ownership of the property from Globex Mining Enterprises Inc. following a completed comprehensive due diligence process that evaluated technical, legal, and commercial aspects. The acquisition is viewed as a significant development opportunity that the Board believes will deliver increased value to shareholders. The property comes with a NI 43-101 foreign resource estimate prepared from historical drill data. The estimate, which uses a cut-off grade of 5 g/t gold and a minimum thickness of 2.0 meters, identifies two inferred zones: the main zone contains approximately 78.2 thousand tonnes averaging 11.47 g/t gold (around 28,800 oz), while the parallel zone accounts for 136.6 thousand tonnes at 8.54 g/t gold (about 37,500 oz). In total, the combined inferred resource estimates indicate roughly 214.8 thousand tonnes at an average grade of 9.6 g/t gold, equating to 66,300 oz of gold. It is important to note that these figures are classified as “foreign estimates” and have not yet been validated under the JORC Code 2012 standards. The transaction terms include a payment of $280,000 Canadian, to be made as a combination of cash and fully paid ordinary shares. The share component will be determined based on a five-day volume-weighted average price and the prevailing CAD to AUD exchange rate at the time of issuance. The formal sale is expected to be executed within the next seven days. Bryah Resources Limited continues to build on its diversified asset portfolio, with its current projects located in Western Australia and a focus on energy metals as well as geological synergies. The company’s exploration efforts span lithium, nickel, copper, and manganese projects, complementing the strategic acquisition of the Golden Pike asset in Canada. Market sentiment based on the news appears to be mixed. On the bullish side, the acquisition of a high-grade gold project with strong inferred resource estimates supports a potential uplift in shareholder value as gold and antimony prices remain favorable. The rigorous due diligence and clear focus on expanding valuable assets also provide investors with confidence in the company’s future prospects. Conversely, caution is warranted due to the uncertainty surrounding the conversion of historical foreign estimates to fully compliant mineral resources under current international codes, and the market risks inherent in exploration projects. Overall, the move is seen as a calculated expansion by Bryah Resources Limited, balancing significant upside potential with the operational and regulatory risks common to early-stage mining ventures.