Wandanya Mineral Resource Estimate and Scoping Study
Summary
Black Canyon Limited has released a maiden mineral resource estimate for the Wandanya Deposit, detailing manganese and iron resources. The company has begun a scoping study to evaluate the preliminary economics and opportunities of the project, with completion expected by December 2026. The resource estimate includes significant manganese and iron resources, with a high percentage classified as Measured and Indicated.
Investor Highlights
Extracted from the company announcement. This is not financial advice.
- Maiden manganese resource estimate: 23.6Mt @ 25.8% Mn.
- Maiden iron resource estimate: 12.5Mt @ 54.9% Fe.
- Scoping study completion expected by December 2026.
- Over 90% of manganese resources classified as Measured and Indicated.
- Potential for Direct Ship Ore (DSO) identified.
Key Points
- Maiden manganese resource: 23.6Mt @ 25.8% Mn.
- Maiden iron resource: 12.5Mt @ 54.9% Fe.
- Scoping study underway, completion expected December 2026.
- High confidence in resource classification with over 90% Measured and Indicated for manganese.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Technical — The announcement includes detailed technical data and resource classifications.
Share Price Reaction
Following the announcement, the share price moved from $0.3700 to $0.3350 over five trading days, representing a decreased of 9.5%.
- Price at announcement: $0.3700
- 1 day change: -5.41%
- 5 day change: -9.46%
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.
