Black Canyon Limited

Black Canyon is an ASX Listed (ASX: BCA) with projects located in the mineral rich exporting hub of the Pilbara Region in Western Australia. The Company’s projects extend over 2,100km² and contain several near-term development manganese deposits within the highly prospective tenement package.

Balfour Manganese Field (BMF)

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. The Company has discovered the largest contained manganese deposits in Western Australia and the second largest in Australia.

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.