Black Canyon Starts Drilling at Wandanya Project
Summary
Black Canyon Limited has commenced reverse circulation (RC) drilling at its Wandanya Project, targeting a 9km mineralised trend. The program aims to test manganese and iron extensions over a 1.4km southern and 2.8km northern area. A Maiden Mineral Resource Estimate is expected in September 2026, followed by a Scoping Study in December 2026.
Investor Highlights
Extracted from the company announcement. This is not financial advice.
- RC drilling underway at Wandanya Project.
- 5,000m drill program targeting manganese and iron.
- Maiden Mineral Resource Estimate expected September 2026.
- Scoping Study completion planned for December 2026.
Key Points
- RC drilling started at Wandanya to explore a 9km mineralised trend.
- Drilling targets 1.4km southern and 2.8km northern extensions.
- Maiden Mineral Resource Estimate due in September 2026.
- Scoping Study scheduled for completion in December 2026.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Moderate Detail — The announcement includes technical drilling details and future project timelines.
Share Price Reaction
Following the announcement, the share price moved from $0.3300 to $0.3250 over five trading days, representing a decreased of 1.5%.
- Price at announcement: $0.3300
- 1 day change: 1.52%
- 5 day change: -1.52%
Share price data may be delayed.
Ask About This Announcement
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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.
