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Black Canyon Limited ( (AU:BCA) ) has issued an announcement.
Black Canyon Limited has released a Scoping Study evaluating the potential development of its KR1 and KR2 manganese deposits in the Pilbara region. The study indicates a 16-year mine life with production targets based on Indicated and Inferred Mineral Resources. However, the study’s technical and economic assessments are preliminary, and further exploration and funding are required to confirm the viability of the project. The company acknowledges the uncertainty of raising the necessary A$84 million funding and the potential impact on shareholder value. Only 15% of the global mineral resource has been scheduled for mining, and the company may explore alternative strategies such as project finance or strategic partnerships.
More about Black Canyon Limited
Black Canyon Limited is a manganese developer and explorer focused on projects in the Pilbara region of Western Australia. The company is involved in the exploration and potential development of manganese resources, with a particular focus on the KR1 and KR2 deposits within the Balfour Manganese Field.
Average Trading Volume: 637,780
Technical Sentiment Signal: Buy
Current Market Cap: A$64.61M
For an in-depth examination of BCA stock, go to TipRanks’ Overview page.