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The latest announcement is out from Black Canyon Limited ( (AU:BCA) ).
Black Canyon reported a strong December quarter, highlighted by results from a 148-hole reverse circulation drilling program at the Wandanya project that confirmed consistent, thick, shallow and high-grade manganese and iron mineralisation, including some of the highest grades and thickest intervals encountered to date. Additional rock chip sampling on the newly acquired Wandanya South tenement returned exceptional manganese and iron grades over a potential 1.8km southern extension, while diamond core drilling delivered material for ongoing metallurgical testwork and heritage surveys cleared the way for substantial infill and extension drilling after the 2025/26 wet season. In the Balfour Manganese Field, the KR2 mineral resource was upgraded so that 90% is now classified as Indicated, bringing the combined KR1 and KR2 resource to 104Mt at 10.3% manganese and enhancing confidence in what the company describes as one of Western Australia’s largest manganese resources. Strategically, the acquisition of Ndalamo Platinum Pty Ltd added six new tenements and expanded Black Canyon’s landholding around Wandanya and across the Balfour Manganese Field by 229km², while a cash balance of $10.46 million at year-end underpins the company’s ability to pursue further drilling and development work aimed at expanding its resource base and strengthening its position in the regional manganese sector.
The most recent analyst rating on (AU:BCA) stock is a Hold with a A$0.39 price target. To see the full list of analyst forecasts on Black Canyon Limited stock, see the AU:BCA Stock Forecast page.
More about Black Canyon Limited
Black Canyon Limited is an Australian manganese developer and explorer focused on advancing high-grade manganese and iron projects in Western Australia. Listed on the ASX under the code BCA, the company’s primary assets include the Wandanya Manganese and Iron Project and the broader Balfour Manganese Field, where it is working to delineate and expand large, near-surface resources that could underpin future supply into steel and battery-related markets.
Average Trading Volume: 159,437
Technical Sentiment Signal: Buy
Current Market Cap: A$63.66M
See more data about BCA stock on TipRanks’ Stock Analysis page.