Shares of Bryah Resources (ASX:BYH) soared by as much as 15.4% to reach A$0.015, which marks their largest intraday gain since late August.

The company, which is primarily involved in mineral exploration, just announced that it has been granted two mining licenses at its 49%-owned Bryah Basin manganese project in Western Australia.

The Bryah Basin Project is a collaborative effort between the company and OM Manganese, a subsidiary of OM Holdings.

However, despite this recent development, Bryah Resources' stock has fallen by 49.4% - year to date - as of the most recent closing.

Bryah Resources (ASX:BYH) is a mineral explorer with a 49% stake in the Western Australia-based Bryah Basin manganese project.