Black Canyon 2026 Annual Report Released
Summary
Black Canyon Limited's 2026 Annual Report highlights significant progress at the Wandanya Project, with extensive drilling and metallurgical testwork advancing the project towards resource definition. The company completed 17,200 meters of drilling, confirming high-grade manganese and iron mineralisation. A $10 million placement supported these activities, and further exploration is planned.
Investor Highlights
- 17,200 meters of RC drilling completed at Wandanya.
- High-grade intersections: 7m at 40.1% Mn, 13m at 59.3% Fe.
- Resource definition drilling covers 4.8km of a 9.0km trend.
- 315 million tonnes at 10.5% Mn resource across Balfour Field.
- $10 million placement completed in September 2025.
Key Points
- 17,200 meters of RC drilling completed at Wandanya Project.
- High-grade manganese and iron intersections reported.
- Metallurgical testwork supports potential for Direct Shipping Ore.
- Resource definition and expansion drilling underway.
- A $10 million placement completed to support activities.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Moderate Detail — The announcement includes technical details about drilling and metallurgical results, requiring some familiarity with mining terms.
Share Price Reaction
Following the announcement, the share price moved from $0.3050 to $0.3700 over five trading days, representing a increased of 21.3%.
- Price at announcement: $0.3050
- 1 day: 0.00%
- 5 day: 21.31%
Share price data may be delayed.
Mine Brief summaries are generated from company announcements and are provided for general information only. They are not financial advice.