Black Canyon Starts Drilling at Wandanya Project
Summary
Black Canyon Limited has commenced reverse circulation (RC) drilling at its Wandanya Project, targeting a 9km mineralised trend. The program aims to test manganese and iron extensions over a 1.4km southern and 2.8km northern area. A Maiden Mineral Resource Estimate is expected in September 2026, followed by a Scoping Study in December 2026.
Investor Highlights
- RC drilling underway at Wandanya Project.
- 5,000m drill program targeting manganese and iron.
- Maiden Mineral Resource Estimate expected September 2026.
- Scoping Study completion planned for December 2026.
Key Points
- RC drilling started at Wandanya to explore a 9km mineralised trend.
- Drilling targets 1.4km southern and 2.8km northern extensions.
- Maiden Mineral Resource Estimate due in September 2026.
- Scoping Study scheduled for completion in December 2026.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Moderate Detail — The announcement includes technical drilling details and future project timelines.
Share Price Reaction
Following the announcement, the share price moved from $0.3300 to $0.3250 over five trading days, representing a decreased of 1.5%.
- Price at announcement: $0.3300
- 1 day: 1.52%
- 5 day: -1.52%
Share price data may be delayed.
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