Wandanya High-Grade Mn and Fe Results Continue to Impress
Summary
Black Canyon Limited has announced new assay results from its Wandanya Project, confirming high-grade manganese and iron mineralisation. The drilling has extended the manganese zone 400m south and identified mineralisation up to 500m north of the base case target. The results suggest potential for Direct Ship Ore (DSO) and further resource expansion.
Investor Highlights
- New assay results from Wandanya Project.
- Manganese mineralisation extended 400m south.
- Iron mineralisation identified up to 500m north.
- Drilling to recommence in August.
Key Points
- High-grade manganese and iron results confirmed at Wandanya.
- Manganese mineralisation extended 400m south.
- Iron mineralisation identified up to 500m north.
- Drilling to recommence in August to explore further.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Technical — The announcement includes detailed drilling results and technical terms related to mineral exploration.
Sentiment
Positive — The announcement reports progress in extending mineralisation zones, which is a positive development.
Share Price Reaction
Following the announcement, the share price moved from $0.3500 to $0.3200 over five trading days, representing a decreased of 8.6%.
- Price at announcement: $0.3500
- 1 day: -5.71%
- 5 day: -8.57%
Share price data may be delayed.
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