December Quarter Activities Report
Summary
Black Canyon Limited has released its December Quarter Activities Report, highlighting drilling results from the Wandanya Manganese and Iron Project. The Phase 3 drilling program confirmed consistent high-grade manganese and iron mineralisation. Additionally, rock chip sampling from the Wandanya South tenement suggests a potential 1.8km extension of the mineralised system. The company also updated the Mineral Resource Estimate for the Balfour Manganese Field, with 90% now classified as Indicated.
Investor Highlights
- New drill results received from Wandanya Project.
- Cash balance reported as $10.46 million.
- Resource estimate updated for Balfour Manganese Field.
- Acquisition of Ndalamo Platinum adds six tenements.
- Potential 1.8km extension at Wandanya South identified.
Key Points
- Phase 3 drilling at Wandanya confirms high-grade manganese and iron.
- Potential 1.8km extension identified at Wandanya South.
- Balfour Manganese Field MRE updated, 90% now Indicated.
- Acquisition of Ndalamo Platinum expands tenement holdings.
- Cash position at $10.46 million as of 31 December 2025.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Moderate Detail — The announcement includes technical drilling results and resource estimates but is presented in a structured manner.
Sentiment
Positive — The announcement highlights successful drilling results and resource updates, indicating progress in exploration activities.
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