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Black Canyon Limited (ASX:BCA)

ALERT: Price-sensitive ASX Announcement for BCA
Current share price for BCA : $0.385 0 (0%)+
Announcement
Release
28 Apr 2026 8:13AM
Price at Release
$0.385
Full Release
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Summary
Black Canyon Limited, an Australian manganese developer and explorer, reported on its quarterly activities for the period ending 31 March 2026. The company highlighted significant progress in the Wandanya Project with successful metallurgical testwork confirming the potential for high-quality Direct Shipping Ore (DSO) manganese and iron products. The testwork demonstrated low levels of impurities in high-grade manganese oxide and iron composites. Additionally, a 15,000m Reverse Circulation (RC) drilling program has commenced to further define and expand resources at the Wandanya Project, continuing from successful 2025 drilling campaigns. The financial reports for the quarter show a net cash position of $10.1 million, ensuring support for ongoing exploration and development activities. The document also detailed cash flow activities, including operating, investing, and financing activities, and emphasized the robustness of Black Canyon's mineral resources across its project areas.
Key Points
  • Successful metallurgical testwork for high-quality manganese and iron products
  • Commencement of a 15,000m RC drilling program at the Wandanya Project
  • Net cash position of $10.1 million at the end of March 2026
  • High-grade manganese oxide concentrate achieved through beneficiation
  • Ongoing exploration and development activities at Wandanya
  • Significant manganese upgrades achieved in testwork
  • Strong financial position to support project activities
  • Focus on resource definition and expansion drilling
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.