Black Canyon Limited (AU:BCA) has released an update.
Black Canyon Limited has presented a preliminary Scoping Study assessing the viability of manganese resources at their KR1 and KR2 deposits in the Pilbara region, with projections spanning a 16-year mine life based on current Indicated and Inferred Mineral Resources. The study, which hinges on assumptions including an A$84 million funding requirement, highlights significant uncertainties and emphasizes that further exploration and validation are essential before the resource can be classified as Ore Reserves. Investors are cautioned against making decisions based on this study alone, as it contains forward-looking statements and is subject to various risks and funding uncertainties.
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