June Quarterly Report for Wandanya Project
Summary
Black Canyon completed resource definition and expansion drilling at the Wandanya Project, confirming shallow high-grade manganese and iron intersections. Beneficiation testwork showed successful manganese upgrading. The company received government funding for further exploration and reported a cash balance of $7.8 million.
Investor Highlights
- 17,200m of RC drilling completed at Wandanya.
- High-grade manganese intersections include 7m @ 34.8% Mn.
- High-grade iron intersections include 10m @ 59.8% Fe.
- Beneficiation testwork produced manganese grades over 40%.
- Cash balance reported as $7.8 million.
Key Points
- Completed 17,200m of RC drilling at Wandanya Project.
- High-grade manganese and iron intersections confirmed.
- Beneficiation testwork shows successful manganese upgrading.
- Eligible to receive $264,800 government funding for exploration.
- Cash balance of $7.8 million as of 30 June 2026.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Moderate Detail — The announcement includes technical details on drilling and testwork results.
Sentiment
Positive — The announcement reports progress in drilling and successful testwork results.
Share Price Reaction
Following the announcement, the share price moved from $0.2900 to $0.3200 over five trading days, representing a increased of 10.3%.
- Price at announcement: $0.2900
- 1 day: -5.17%
- 5 day: 10.34%
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.