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Black Canyon Limited
(Sydney:BCA)
Black Canyon Limited (BCA) vs. iShares MSCI Australia ETF (EWA)
Black Canyon Limited Business Overview & Revenue Model
Black Canyon Limited Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 273.35K | 513.24K | 40.63K | 13.04K | 6.79K |
| Gross Profit | 273.35K | 513.24K | 21.48K | 5.03K | 6.79K |
| EBITDA | 1.58M | -759.77K | -2.00M | -1.20M | -837.64K |
| Net Income | 378.75K | -1.99M | -2.02M | -1.21M | -841.90K |
Balance Sheet | |||||
| Total Assets | 10.23M | 6.31M | 6.14M | 8.28M | 5.35M |
| Cash, Cash Equivalents and Short-Term Investments | 2.22M | 669.04K | 1.13M | 4.75M | 4.78M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 327.82K | 264.58K | 540.53K | 897.48K | 342.06K |
| Stockholders Equity | 9.90M | 6.05M | 5.60M | 7.39M | 5.01M |
Cash Flow | |||||
| Free Cash Flow | -1.92M | -2.26M | -3.62M | -3.07M | -373.03K |
| Operating Cash Flow | -857.85K | -733.62K | -1.23M | -1.09M | -337.30K |
| Investing Cash Flow | -1.06M | -1.52M | -2.40M | -1.98M | -35.74K |
| Financing Cash Flow | 3.44M | 1.80M | 0.00 | 3.04M | 5.09M |
Black Canyon Limited Technical Analysis
Black Canyon Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$29.74M | -17.06 | -4.46% | ― | ― | 4.49% | |
50 Neutral | AU$55.60M | 92.11 | 4.75% | ― | ― | ― | |
47 Neutral | AU$11.33M | ― | -5.71% | ― | ― | 16.67% | |
41 Neutral | AU$20.80M | -16.67 | -43.49% | ― | ― | -7.14% |
Black Canyon Limited Corporate Events
Black Canyon Limited reported its quarterly cash flow for the period ended December 2025, showing net operating cash outflows of A$511,000 and investing outflows of A$724,000, largely driven by A$724,000 in exploration and evaluation expenditure. For the six months to date, exploration and evaluation spending reached A$1.406 million, contributing to total operating and investing cash outflows of A$2.336 million, partially offset by A$10.569 million in net financing inflows from equity issues. The company closed the quarter with cash and cash equivalents of A$11.572 million, up from A$2.222 million at the start of the six‑month period, underlining that its exploration program continues to be funded predominantly through fresh equity capital rather than operating cash generation.
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.
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.
Black Canyon Limited has completed its PQ3 diamond drill core program, delivering 2,000kg of core samples for metallurgical testwork, and conducted a heritage survey to facilitate major drilling programs at the Wandanya Project. The company plans to commence a 15,000m drilling program at Wandanya and a 5,000m maiden drill program at Wandanya South in 2026, aiming to expand the mineralisation footprint and enhance resource growth potential.
Black Canyon Limited has announced the issuance of 1,300,000 performance rights as part of an employee incentive scheme. These unquoted equity securities are not intended to be listed on the ASX, reflecting the company’s strategy to incentivize and retain key personnel, potentially impacting its operational efficiency and market competitiveness.
Black Canyon Limited has announced the cessation of 400,000 performance rights due to the lapse of conditional rights that have not been, or have become incapable of being, satisfied as of November 30, 2025. This announcement may impact the company’s issued capital and could have implications for stakeholders regarding the company’s future performance and strategic direction.
Black Canyon Limited announced significant assay results from its recently acquired Wandanya South tenement, indicating a potential 1.8km extension of high-grade manganese and iron mineralization. The results suggest a continuation of the mineralized horizon south of the existing Wandanya discovery, with plans for further drilling in 2026 to expand the mineralization footprint. This development strengthens Black Canyon’s position in the manganese exploration sector and highlights the potential scale of the Wandanya system, which could extend up to 9km.