Wandanya Mineral Resource Estimate and Scoping Study
Summary
Black Canyon Limited has released a maiden mineral resource estimate for the Wandanya Deposit, detailing manganese and iron resources. The company has begun a scoping study to evaluate the preliminary economics and opportunities of the project, with completion expected by December 2026. The resource estimate includes significant manganese and iron resources, with a high percentage classified as Measured and Indicated.
Investor Highlights
- Maiden manganese resource estimate: 23.6Mt @ 25.8% Mn.
- Maiden iron resource estimate: 12.5Mt @ 54.9% Fe.
- Scoping study completion expected by December 2026.
- Over 90% of manganese resources classified as Measured and Indicated.
- Potential for Direct Ship Ore (DSO) identified.
Key Points
- Maiden manganese resource: 23.6Mt @ 25.8% Mn.
- Maiden iron resource: 12.5Mt @ 54.9% Fe.
- Scoping study underway, completion expected December 2026.
- High confidence in resource classification with over 90% Measured and Indicated for manganese.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Technical — The announcement includes detailed technical data and resource classifications.
Share Price Reaction
Following the announcement, the share price moved from $0.3700 to $0.3350 over five trading days, representing a decreased of 9.5%.
- Price at announcement: $0.3700
- 1 day: -5.41%
- 5 day: -9.46%
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.