Manganese Developer and Explorer in the Pilbara Region, Western Australia
Black Canyon Limited (ASX: BCA) is a Manganese development and exploration company with projects located in the mineral rich exporting hub of the Pilbara Region in Western Australia.
The Company’s projects extend over 1,700km2 and contain several near-term development manganese deposits within the highly prospective tenement package.
Balfour Manganese Field (BMF)
The Company has discovered the largest contained manganese deposits in Western Australia and the second largest in Australia.
Drilling across the BMF has been highly successful, delineating a Global Mineral Resource Estimate totalling 314Mt @ 10.5% Mn containing 33.1 Mt of manganese, with the majority of the resource classified as Measured and Indicated. Importantly, a higher-grade component has been established, totalling 99 Mt @ 12.9% Mn containing 12.8 Mt of Manganese.
Black Canyon has completed a Scoping Study for its KR1 and KR2 deposits (BCA 100%), which confirmed strong financial returns over a 16-year mining life, with a pre-tax NPV of A$340 million and IRR of 70%, highlighting the quality of the project.
HPMSM Strategy
Black Canyon is evaluating additional upstream processing of manganese ores from our East Pilbara projects to produce battery grade high purity manganese sulphate (HPMSM) for electric vehicle Li-Ion batteries. The Company recognises the tremendous global growth for manganese in electric vehicle demand within NMC, HLM and LFMP cathode-based chemistries in the race to reduce battery cost and maximise energy density by increasing manganese content.
Location of Black Canyon’s manganese projects in the Pilbara Region of WA