Black Canyon Limited ( (AU:BCA) ) just unveiled an announcement.
Black Canyon Limited has announced the commencement of the second phase of reverse circulation drilling at its Wandanya project, targeting manganese and iron deposits. The company plans to test significant portions of the 3km strike of the manganese target and the iron formations, with the aim of expanding its resource base. The drilling program, which was delayed due to cultural responsibilities of the Traditional Owners, is now scheduled for late May/early June. The company is well-funded for these operations, having secured a $2.5 million placement from existing and new shareholders.
More about Black Canyon Limited
Black Canyon Limited is an Australian company focused on the exploration and development of manganese and iron resources. The company operates primarily in the mining industry, targeting high-grade manganese and iron deposits, with a specific focus on the Wandanya project located in the Oakover Basin.
YTD Price Performance: -4.62%
Average Trading Volume: 106,761
Technical Sentiment Signal: Buy
Current Market Cap: A$8.04M
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