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Black Canyon Limited (ASX:BCA)
ALERT: Price-sensitive ASX Announcement for BCA
Current share price for BCA : $0.300 -0.09 (-23.08%)+
Announcement
Release
1 Jul 2026 8:13AM
Price at Release
$0.390
Full Release
Summary
Black Canyon Limited has been awarded up to $264,800 through the Western Australian Government's Exploration Incentive Scheme to fund geophysical surveys and drilling at the Wandanya manganese project. The company has completed 18,500 meters of resource definition drilling, with a Maiden Mineral Resource Estimate expected by Q3 2026. The project has garnered international interest due to its potential to produce high-grade manganese, strategically important in the steel and battery industries. Environmental and hydrological assessments are progressing, with a Scoping Study on track for Q4 2026.
Key Points
- Black Canyon Limited awarded up to $264,800 under WA Government Exploration Incentive Scheme (EIS).
- Funds allocated for a gravity survey and follow-up RC drilling.
- 18,500m of resource definition drilling completed at Wandanya.
- Maiden Mineral Resource Estimate (MRE) expected by Q3 2026.
- International interest in Wandanya's manganese potential highlighted at global conference.
- Hydrological assessments and environmental surveys are ongoing.
- Scoping Study for Wandanya targeted for completion in Q4 2026.
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.
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