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The latest announcement is out from Black Canyon Limited ( (AU:BCA) ).
Black Canyon Limited has announced a significant manganese discovery at the Wandanya site, confirming the W2 Prospect as a new high-grade manganese source. The discovery complements existing resources in the Balfour Manganese Field, with plans for further drilling and metallurgical testing. Additionally, high-grade iron mineralization was identified at Wandanya, with exploration potential along a 5km ridge. The company also completed a $2.5 million capital raising, supported by Nero Resource Fund, to advance its projects.
More about Black Canyon Limited
Black Canyon Limited is an Australian manganese developer and explorer focused on projects in Western Australia’s Pilbara region. The company holds the largest manganese mineral resources in the area and aims to produce both manganese concentrate for the steel industry and high purity manganese sulphate monohydrate for electric vehicle batteries.
YTD Price Performance: 0%
Average Trading Volume: 99,208
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$6.9M
For an in-depth examination of BCA stock, go to TipRanks’ Stock Analysis page.
