Wandanya Metallurgical Results Indicate DSO Potential
Summary
Black Canyon Limited has announced metallurgical test results from the Wandanya Project, indicating potential for Direct Shipping Ore (DSO) quality products from high-grade manganese oxide and iron composites. The testwork demonstrated low deleterious content and favorable upgrading trends. Preparations are underway for a 15,000m drilling program to expand and infill current findings.
Investor Highlights
Extracted from the company announcement. This is not financial advice.
- DSO quality products achieved from initial testwork.
- Low deleterious content in composites.
- 15,000m drilling program planned.
- Cash balance of $10.5m at end of December 2025.
- Stage 2 Heavy Liquid Separation testwork planned.
Key Points
- DSO quality products achieved from initial testwork at Wandanya.
- Low deleterious content in high-grade manganese and iron composites.
- 15,000m of expansion and infill drilling planned.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Technical — The announcement includes detailed technical data and metallurgical test results.
Share Price Reaction
Following the announcement, the share price moved from $0.2850 to $0.3000 over five trading days, representing a increased of 5.3%.
- Price at announcement: $0.2850
- 1 day change: 5.26%
- 5 day change: 5.26%
- 30 day change: 26.32%
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.
