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Black Canyon Limited (ASX:BCA)

ALERT: Price-sensitive ASX Announcement for BCA
Current share price for BCA : $0.340 0.06 (21.43%)+
Announcement
Release
28 Jul 2026 8:21AM
Price at Release
$0.280
Full Release
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Summary
Black Canyon Limited's quarterly activities report for the period ending 30 June 2026 outlines significant progress at the Wandanya Project. The company conducted 17,200 meters of RC drilling, which confirmed high-grade manganese and iron intersects. The project is progressing towards a Mineral Resource Estimate and a Scoping Study, supported by a robust cash position of $7.8 million. Beneficiation trials indicate that the ore is amenable to cost-effective upgrading. Additionally, Black Canyon received a $264,800 co-funding grant from the WA Government's Exploration Incentive Scheme, reflecting the project's technical merit. Environmental and heritage surveys have been completed to advance exploration and water search drilling.
Key Points
  • RC drilling of 17,200m completed with high-grade results.
  • Wandanya Project focuses on manganese and iron resources.
  • Mineral Resource Estimate and Scoping Study scheduled.
  • Beneficiation trials show ore's upgrade potential.
  • Received $264,800 WA Government Exploration Incentive Scheme grant.
  • Completed environmental and heritage surveys.
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.