Wandanya Metallurgical Results Demonstrate DSO Potential
Summary
Black Canyon Limited has announced metallurgical test results from the Wandanya Project, indicating potential for Direct Shipping Ore (DSO) quality products from high-grade manganese oxide and iron composites. The testwork demonstrated low deleterious content and favorable upgrading trends. Preparations are underway for a 15,000m drilling program to expand and infill current findings.
Investor Highlights
- DSO quality products achieved from initial testwork.
- Low deleterious content in composites.
- 15,000m drilling program planned.
- Cash balance of $10.5m at end of December 2025.
- Stage 2 Heavy Liquid Separation testwork planned.
Key Points
- DSO quality products achieved from initial testwork at Wandanya.
- Low deleterious content in high-grade manganese and iron composites.
- 15,000m of expansion and infill drilling planned.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Technical — The announcement includes detailed technical data and metallurgical test results.
Sentiment
Positive — The announcement reports progress in metallurgical testing and potential for high-quality DSO products.
Share Price Reaction
Following the announcement, the share price moved from $0.2850 to $0.3000 over five trading days, representing a increased of 5.3%.
- Price at announcement: $0.2850
- 1 day: 5.26%
- 5 day: 5.26%
- 30 day: 26.32%
Share price data may be delayed.
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