Black Canyon Reports 41% Manganese from Pilot Test
Summary
Black Canyon Limited has completed a pilot scale Dense Media Separation (DMS) test at its Wandanya Project, achieving manganese product grades of 41% and 38.5% from two blended composites. The test confirms the potential for high-grade manganese production using standard industry processing methods. These results will inform the upcoming Scoping Study and support the company's dual commodity strategy.
Investor Highlights
Extracted from the company announcement. This is not financial advice.
- Pilot scale DMS test achieved 41% manganese product.
- Manganese recoveries ranged between 80% and 82%.
- Upcoming Scoping Study to examine dual commodity operation.
- RC drill rig mobilization planned for August.
- Maiden Mineral Resource Estimate on track for September 2026.
Key Points
- Pilot scale DMS test at Wandanya yields 41% and 38.5% manganese products.
- Manganese recoveries for blends ranged between 80% and 82%.
- Results to inform upcoming Scoping Study and dual commodity strategy.
- RC drill rig to mobilize in August for resource expansion.
- Maiden Mineral Resource Estimate expected in September 2026.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Technical — The announcement includes detailed technical data and industry-specific terminology.
Share Price Reaction
Following the announcement, the share price moved from $0.3000 to $0.2750 over five trading days, representing a decreased of 8.3%.
- Price at announcement: $0.3000
- 1 day change: 0.00%
- 5 day change: -8.33%
- 30 day change: 3.33%
Share price data may be delayed.
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