September Quarterly Activities Report for Wandanya Project
Summary
Black Canyon Limited has released its September quarterly activities report, highlighting maiden mineral resource estimates for the Wandanya Project. The manganese resource is estimated at 23.6 million tonnes at 25.8% Mn, while the iron resource is 12.5 million tonnes at 54.9% Fe. The report also notes the extension of the resource base case to 3.4km and ongoing exploration efforts.
Investor Highlights
- Manganese resource: 23.6Mt at 25.8% Mn
- Iron resource: 12.5Mt at 54.9% Fe
- Scoping Study on track for December 2026 completion
- EIS co-funding of $264,800 awarded
- Cash balance of $6.2 million as of 30 September 2026
Key Points
- Maiden manganese resource: 23.6Mt at 25.8% Mn
- Maiden iron resource: 12.5Mt at 54.9% Fe
- Resource base case extended to 3.4km
- Scoping Study completion expected December 2026
- EIS co-funding awarded for exploration activities
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Technical — The announcement includes detailed technical data and resource estimates.
Share Price Reaction
Following the announcement, the share price decreased by 3.3% in the following trading session.
- Price at announcement: $0.3000
- 1 day: -3.33%
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.