What is the story about?
What's Happening?
Black Canyon has reported some of its highest-ever manganese grades from drilling at the Wandanya Project in Western Australia's Oakover Basin. The company drilled 148 reverse-circulation holes in its phase-three program, with multiple holes recording grades above 35%. Significant intersections include 7m at 37.7% manganese from surface, 8m at 37.4%, and 8m at 35.5%, alongside intervals of up to 10m at 61.3% iron. Managing Director Brendan Cummins highlighted the potential scale and quality of the Wandanya Project, noting that both manganese and iron remain open to the north. A diamond-drilling campaign to collect metallurgical samples is scheduled to begin later this quarter, with assays from the remaining 92 holes expected through October and early November 2025.
Why It's Important?
The confirmation of high-grade manganese at the Wandanya Project is significant for Black Canyon as it reinforces the project's potential for large-scale mineral production. Manganese is a critical component in steel production and battery technology, making it a valuable resource in the global market. The successful drilling results could attract further investment and development opportunities for Black Canyon, potentially boosting the local economy and creating jobs. Additionally, the ability to upgrade ore grading 30% to a 45% concentrate exceeds industry benchmarks, positioning Black Canyon as a competitive player in the manganese market.
What's Next?
Black Canyon plans to begin a diamond-drilling campaign to collect metallurgical samples later this quarter. The company is also awaiting assays from the remaining 92 holes, which are expected to further define high-grade manganese and iron zones across its 100%-owned Balfour Manganese Field portfolio. These developments could lead to increased exploration and production activities, potentially expanding the company's resource base and enhancing its market position.
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