Mineral Resources and Ore Reserves
The Balfour Manganese Field represents one of the largest and highest-grade undeveloped manganese deposits in Western Australia. The Global Mineral Resource Estimate across the Balfour Manganese Field totals 314 Mt @ 10.5% Mn containing 33.1 Mt of manganese (7% Mn cut-off) classified as Measured (32%) Indicated (48%) and Inferred (20%).
The Balfour Manganese Field confirmed to host multiple large-scale deposits with significant contained manganese, providing a solid platform to establish Ore Reserves through development studies for both High Purity Manganese Sulphate (HPMSM) feedstock and manganese concentrates for the steel industry.
Balfour Manganese Field Global Mineral Resource Estimate
Summary of Global Mineral Resources across the Balfour Manganese Field, December 2023
Notes to Table:
- Mineral resources reported at a cut-off grade of 7% Mn.
- Appropriate rounding has been applied.
- Refer to Appendix 1 JORC Table 1, Sections 1 to 3 and Appendix 2 for further details.
- Flanagan Bore deposits, which Black Canyon owns 75%.
- Deposit that Black Canyon owns 100%
12/12/2023 – Global Balfour Manganese Mineral Resource Estimates Exceed 300 Mt
Flanagan Bore Deposit
Summary of Mineral Resources for the FB3 and LR1 deposits at Flanagan Bore November 2022
Notes:
- Mineral resources reported at a cut-off grade of 11% Mn
- Appropriate rounding has been applied
- Refer to JORC Table 1, Sections 1 to 3 and Appendix 1-3 for further details.
24/11/2022 – Mineral Resource Increase by 64% at Flanagan Bore
KR1 and KR2 Deposits
Summary of Mineral Resources for the KR1 and KR2 deposits across the Balfour Manganese Field, Nov 2023
Notes:
- Mineral resources reported at a cut-off grade of 7% Mn.
- Appropriate rounding has been applied.
- Refer to Appendix 1 JORC Table 1, Sections 1 to 3 and Appendix 2 for further details.
27/11/2023 – KR1 and KRS Mineral Resource Estimate Exceeds 100 Mt
Balfour East and Damsite Mineral Resource Estimates
Summary of Mineral Resources for the Balfour East and Damsite deposits (BCA 100%) across the Balfour Manganese Field, December 2023
Notes to Table:
- Mineral resources reported at a cut-off grade of 7% Mn.
- Appropriate rounding has been applied.
- Refer to Appendix 1 JORC Table 1, Sections 1 to 3 and Appendix 2 for further details.
12/12/2023 – Global Balfour Manganese Mineral Resource Estimates Exceed 300 Mt
Competent Person’s Statement
Reporting of Exploration Results and Previously Reported Information The information in this report that relates to Exploration Results is based on, and fairly represents, information and supporting documentation reviewed by Mr Brendan Cummins, Executive Director of Black Canyon Limited. Mr Cummins is a member of the Australian Institute of Geoscientists, and he has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which has been undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Cummins consents to the inclusion in this release of the matters based on the information in the form and context in which they appear. Mr Cummins is a shareholder of Black Canyon Limited.
The information in this report that relates to Mineral Resources is based on, and fairly represents, information and supporting documentation prepared by Mr Greg Jones, (Consultant to Black Canyon and Geological Services Manager for IHC Mining). Mr Jones is a Fellow of the Australasian Institute of Mining and Metallurgy and has sufficient experience of relevance to the style of mineralisation and type of deposit under consideration, and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Jones consents to the inclusion in this report of the matters based on the information in the form and context in which they appear.