Black Canyon Reports Manganese Grades Over 40%
Summary
Black Canyon Limited has conducted sighter level beneficiation testwork at its Wandanya Project, producing manganese oxide concentrates with grades over 40% using Heavy Liquid Separation (HLS). The testwork involved low, medium, and high-grade manganese feeds, achieving significant manganese upgrades. The company plans further testwork and a 15,000m drill program to advance the project.
Investor Highlights
Extracted from the company announcement. This is not financial advice.
- Testwork produced manganese grades over 40% using HLS.
- High-grade MnO composite upgraded from 45% to 48.2%-49.9% Mn.
- Medium-grade MnO composite upgraded from 30.9% to 39.3%-40.3% Mn.
- Low-grade MnO composite upgraded from 24.4% to 37.9%-41.8% Mn.
- 15,000m drill program to commence at Wandanya.
Key Points
- Beneficiation testwork at Wandanya produced manganese grades over 40%.
- Heavy Liquid Separation (HLS) technique was used for the testwork.
- Further HLS and larger scale Dense Media Separation (DMS) are planned.
- A 15,000m infill and expansion drill program is commencing.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Technical — The announcement contains detailed technical information about beneficiation processes and metallurgical testwork.
Share Price Reaction
Following the announcement, the share price moved from $0.3250 to $0.3300 over five trading days, representing a increased of 1.5%.
- Price at announcement: $0.3250
- 1 day change: -3.08%
- 5 day change: 1.54%
- 30 day change: 18.46%
Share price data may be delayed.
Ask About This Announcement
Responses are generated from company announcement content and are not financial advice.
Mine Brief summaries are generated from company announcements and are provided for general information only. They are not financial advice. Investors should refer to the original announcements and seek professional advice where appropriate.
