Globex receives initial payments for Devil's Pike

Executive Summary

• Globex Mining Enterprises received $100,000 cash and 30,245,676 Bryah Resources shares as the initial payment for the Golden Pike property option.
• Bryan Resources commits to spend at least $500,000 on exploration in the first 12 months and has identified high‑grade antimony (up to 53 % Sb) and notable gold–antimony drill intercepts.
• The company will pursue a JORC‑2012 compliant resource estimate by year‑end and initiate a mine development scoping study, supported by environmental work from SLR Consulting.

Key Details

• Initial Option Consideration: $100,000 cash + 30,245,676 Bryah shares transferred to Globex.
• Exploration Commitment: Minimum $500,000 spend by Bryah within the first 12 months of the option agreement.
• Due‑Diligence Findings – Antimony:
• Bond Road vein occurrence yielded boulder grab samples up to 53 % Sb (selective sampling).
• Drill hole DPA‑16‑01 at Albright Brook showed 12.5 % Sb over 0.5 m.
• Drill Results – Gold & Antimony:
• Drill hole DPA‑16‑03 returned 4.74 % Sb and 2.38 % Au.
• Historical Resource (Gold): NI 43‑101 report (Aug 19 2011) listed an inferred resource of 214,800 t at 9.60 g/t Au.
• Planned Resource Work: Independent consultant engaged to review historic data; target is a JORC 2012 compliant resource estimate by year‑end.
• Future Studies: Mine development scoping study—including transport and mill options—will follow the updated resource.
• Environmental Work: SLR Consulting contracted for environmental studies and to commence the approval process.
• Exploration Plans: Infill and extensional drilling slated before year‑end, integrated into a new geological model for the upcoming mineral resource update.

Notable Quotes

• “Globex is pleased by the rapid undertakings of Bryah both on the gold and antimony potential of the property.” – Jack Stoch, Executive Chairman & CEO, Globex Mining Enterprises.