Black Canyon Limited — Investor FAQs

What is the current cash balance of Black Canyon Limited?
As of 30 June 2026, Black Canyon Limited reported a cash balance of $7.8 million. [Source: Quarterly Report | June Quarterly Activities Report For period ending 30 June 2026]
What recent developments have occurred at the Wandanya Project?
Black Canyon completed 17,200 meters of RC drilling at the Wandanya Project, confirming shallow high-grade manganese and iron intersections. Beneficiation testwork showed successful manganese upgrading, producing grades over 40%. [Source: Quarterly Report | June Quarterly Activities Report For period ending 30 June 2026]
What are the results of the pilot scale Dense Media Separation (DMS) test at the Wandanya Project?
The pilot scale DMS test at the Wandanya Project achieved manganese product grades of 41% and 38.5% from two blended composites, with recoveries ranging between 80% and 82%. [Source: Scoping Study / PFS / DFS | Wandanya Pilot Scale Dense Media Beneficiation Delivers a High-Grade 41% Mn Product]
What government funding has Black Canyon Limited received for exploration?
Black Canyon Limited is eligible to receive $264,800 in government funding for further exploration at the Wandanya Project. [Source: Quarterly Report | June Quarterly Activities Report For period ending 30 June 2026]
When is the Maiden Mineral Resource Estimate for the Wandanya Project expected?
The Maiden Mineral Resource Estimate for the Wandanya Project is expected in September 2026. [Source: Scoping Study / PFS / DFS | Wandanya Pilot Scale Dense Media Beneficiation Delivers a High-Grade 41% Mn Product]
What is the current share structure of Black Canyon Limited?
Black Canyon Limited has 162.2 million shares on issue and 8 million options expiring in October 2026. [Source: Exploration Update | Black Canyon Capital Structure and Project Update]
What are the future plans for drilling at the Wandanya Project?
An RC drill rig is scheduled to mobilize in August for resource expansion at the Wandanya Project. [Source: Scoping Study / PFS / DFS | Wandanya Pilot Scale Dense Media Beneficiation Delivers a High-Grade 41% Mn Product]

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