Black Canyon Limited (AU:BCA) has released an update.
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Black Canyon Limited has announced a promising Scoping Study for its KR1 and KR2 manganese deposits in Western Australia’s Pilbara region, projecting a pre-tax NPV of A$340 million and an IRR of 70%. The company boasts the largest manganese mineral resources in the region, with potential for high-grade manganese production suitable for the steel and electric vehicle industries. Recent drilling activities have also revealed high-grade manganese mineralization at the Wandanya Project, further solidifying Black Canyon’s position in the manganese market.
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