Black Canyon Limited Unveils Significant Manganese Discovery at Wandanya
BCA (BCA) Share Update November 2024 Tuesday 26th
Black Canyon Confirms 3km Manganese Strike at Wandanya
Black Canyon Limited (ASX: BCA) has announced a promising discovery of manganese mineralization at its Wandanya Project, highlighting a 3km strike of outcropping manganese.
Instant Summary:
- 3km strike of outcropping manganese confirmed at Wandanya.
- Rock chip samples show manganese grades between 30% and 50%.
- Potential to expand mineralized footprint with extensive outcrops.
- Initial metallurgical tests underway for high-quality manganese concentrate.
- Awaiting laboratory results for iron-rich formations.
Discovery Details
Black Canyon Limited has reported successful results from detailed mapping and rock chip sampling at the Wandanya Project, confirming a 3km strike of outcropping manganese mineralization. The portable XRF analysis of rock chip samples revealed manganese grades ranging from 30% to 50%, consistent with previous drilling results at the W2 prospect.
The Wandanya Project, located in Western Australia, presents a significant opportunity to expand the mineralized footprint, with outcrops extending 150m cross-strike and shallowly dipping to the east. Only 240m of this extensive strike has been drill tested so far.
Metallurgical Testing and Iron Potential
Initial metallurgical testwork is underway to explore the potential for producing a high-quality manganese concentrate. The company is also conducting testwork for high purity manganese sulphate (HPMSM), which could be crucial for silico or ferro alloying applications.
In addition to manganese, the rock chip sampling indicated the presence of hematite-enriched sediments, similar to previously reported iron-rich formations. Laboratory-based iron XRF assays are expected in early to mid-December, as preliminary pXRF results exceeded the accurate grade range.
Future Exploration Plans
Black Canyon's Managing Director, Brendan Cummins, expressed optimism about the discovery, noting the scale potential of this unique style of manganese mineralization. The company plans to return with an RC rig in 2025 to further test these targets along strike and down dip, aiming to determine their full-scale potential.
The confirmation of a 3km manganese strike at Wandanya is a significant development for Black Canyon, potentially enhancing its resource base and market position. The high-grade manganese results could attract investor interest, especially given the strategic importance of manganese in alloy production and battery technology.
Investor Reaction:
Analysts are likely to view this discovery positively, given the high-grade results and the potential for further expansion. The ongoing metallurgical tests and upcoming iron assay results will be closely watched by investors for further insights into the project's value.
Conclusion:
Investors should keep an eye on Black Canyon's upcoming exploration activities and assay results, which could provide further clarity on the project's potential. The company's strategic approach to developing the Wandanya Project will be crucial in capitalizing on this promising discovery.