What's Happening?
Black Canyon (ASX:BCA) is set to commence a maiden diamond core drilling program at the Wandanya Project in Western Australia. The initiative aims to gain deeper insights into the unique mineralisation
of the area, particularly focusing on manganese oxide. The program will involve collecting larger diameter core samples for metallurgical testing to understand the beneficiation characteristics at various grades. A heritage survey is scheduled for November 2025 to facilitate access for further drilling. Recent results from a phase three drilling program have confirmed significant manganese and iron mineralisation, enhancing the project's development potential.
Why It's Important?
The Wandanya Project's mineralisation footprint continues to expand, offering promising prospects for Black Canyon. The discovery of high-grade manganese and iron mineralisation suggests potential for direct shipping ores, which could reduce operational costs and increase profitability. With a market capitalisation of $60.4 million and over $11 million in cash reserves, Black Canyon is well-positioned to advance the project. The exploration efforts could lead to significant economic benefits, contributing to the local mining industry and potentially impacting global manganese supply.
What's Next?
Following the heritage survey, Black Canyon plans to initiate infill and extension reverse circulation drilling after the wet season in 2026. The company aims to further delineate the mineralisation and assess its commercial viability. Continued exploration and development at Wandanya could attract investment and partnerships, bolstering Black Canyon's position in the mining sector.
