June Quarterly Report for Wandanya Project
Summary
Black Canyon completed resource definition and expansion drilling at the Wandanya Project, confirming shallow high-grade manganese and iron intersections. Beneficiation testwork showed successful manganese upgrading. The company received government funding for further exploration and reported a cash balance of $7.8 million.
Investor Highlights
Extracted from the company announcement. This is not financial advice.
- 17,200m of RC drilling completed at Wandanya.
- High-grade manganese intersections include 7m @ 34.8% Mn.
- High-grade iron intersections include 10m @ 59.8% Fe.
- Beneficiation testwork produced manganese grades over 40%.
- Cash balance reported as $7.8 million.
Key Points
- Completed 17,200m of RC drilling at Wandanya Project.
- High-grade manganese and iron intersections confirmed.
- Beneficiation testwork shows successful manganese upgrading.
- Eligible to receive $264,800 government funding for exploration.
- Cash balance of $7.8 million as of 30 June 2026.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Moderate Detail — The announcement includes technical details on drilling and testwork results.
Sentiment
Positive — The announcement reports progress in drilling and successful testwork results.
Share Price Reaction
Following the announcement, the share price moved from $0.2900 to $0.3200 over five trading days, representing a increased of 10.3%.
- Price at announcement: $0.2900
- 1 day change: -5.17%
- 5 day change: 10.34%
Share price data may be delayed.
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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.
