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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 | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 559.08K | 513.24K | 40.63K | 13.04K | 6.79K | 398.00 | Gross Profit |
| 559.08K | 513.24K | 21.48K | ― | 6.79K | 398.00 | EBIT |
| -692.73K | -779.38K | -1.31M | -1.23M | -848.69K | -3.80K | EBITDA |
| -180.34K | -759.77K | -2.00M | -1.20M | -837.64K | -3.53K | Net Income Common Stockholders |
| -1.86M | -1.99M | -2.02M | -1.21M | -841.90K | -68.44K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 716.66K | 669.04K | 1.13M | 4.75M | 4.78M | 60.48K | Total Assets |
| 7.18M | 6.31M | 6.14M | 8.28M | 5.35M | 60.57K | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -716.66K | -669.04K | -1.13M | -4.75M | -4.78M | -60.48K | Total Liabilities |
| 343.65K | 264.58K | 540.53K | 897.48K | 342.06K | 5.18K | Stockholders Equity |
| 6.83M | 6.05M | 5.60M | 7.39M | 5.01M | 55.39K |
| Cash Flow | Free Cash Flow | ||||
| -1.84M | -2.26M | -3.62M | -3.07M | -373.03K | -15.62K | Operating Cash Flow |
| -800.91K | -733.62K | -1.23M | -1.09M | -337.30K | -859.00 | Investing Cash Flow |
| -1.04M | -1.52M | -2.40M | -1.98M | -35.74K | -14.76K | Financing Cash Flow |
| 1.12M | 1.80M | 0.00 | 3.04M | 5.09M | 0.00 |
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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $48.22B | 8.15 | 20.21% | 6.00% | -11.33% | -32.11% | |
74 Outperform | $154.07B | 10.11 | 21.04% | 3.30% | -0.10% | 15.50% | |
72 Outperform | $195.28B | 11.30 | 26.20% | 3.96% | -2.47% | 57.01% | |
61 Neutral | C$2.36B | 14.63 | 10.03% | 5.00% | -9.27% | -56.88% | |
61 Neutral | $324.38M | 56.60 | -35.86% | ― | -39.92% | -249.60% | |
51 Neutral | $2.04B | -1.15 | -21.24% | 3.95% | 2.91% | -30.44% | |
34 Underperform | AU$10.37M | ― | -26.00% | ― | ― | 3.08% |
Black Canyon Limited Corporate Events
Black Canyon Limited, listed on the ASX under the ticker BCA, has a new substantial shareholder, Treasury Services Group Pty Ltd, acting on behalf of the Nero Resource Fund. This development, effective from March 20, 2025, gives the fund a 6.43% voting power in the company through its acquisition of 8,333,333 fully paid ordinary shares. The move signifies a strategic investment by the Nero Resource Fund, potentially impacting Black Canyon’s market position and signaling confidence in its future prospects.
Black Canyon Limited announced the release of 214,286 fully paid ordinary shares from voluntary escrow, initially issued as part payment for drilling services. This move is part of the company’s strategic operations in the manganese exploration sector, potentially impacting its financial structure and stakeholder interests.
Black Canyon Limited has been awarded a $122,500 co-funded drilling grant under the Western Australian Government’s Exploration Incentive Scheme for its Wandanya manganese and iron project. This grant will support the second phase of reverse circulation drilling, which aims to explore the high-grade manganese and iron targets over a 3km strike. The project has been recognized for its technical merit and innovative exploration model, potentially enhancing Black Canyon’s industry positioning and offering significant opportunities for stakeholders.
Black Canyon Limited’s recent quarterly cash flow report highlights a net cash outflow from operating activities, primarily due to exploration and evaluation expenses. However, the company has bolstered its financial position through significant proceeds from financing activities, indicating a strategic focus on securing capital to support its operations and future growth.
Black Canyon Limited has announced significant progress in its manganese exploration activities, including a high-grade manganese discovery at Wandanya and promising metallurgical test results indicating the potential to produce a high-grade manganese oxide concentrate. The company is planning further drilling to expand its resource base and expects to update its Mineral Resource Estimate in the June quarter. With a strong financial outlook from its KR1 and KR2 deposits, Black Canyon is well-positioned to capitalize on the growing demand for manganese in both the steel and battery industries.
Black Canyon Limited has achieved a significant improvement in manganese recovery at its Wandanya Project, reaching an 80% recovery rate with a 45% manganese concentrate grade. This development is crucial for the company as it enhances orebody utilization, potentially increasing product volume and extending mine life. The results are promising given the current market price for manganese, and the company plans further exploration to delineate the mineralization footprint.
Black Canyon Limited has appointed Ms. Rebecca Broughton as the new Company Secretary and Chief Financial Officer, effective April 3, 2025, replacing Mr. Jay Stephenson. This change in leadership is part of the company’s ongoing efforts to strengthen its corporate governance and financial management as it continues to explore and develop manganese resources in Western Australia.
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.
Black Canyon Limited has experienced a change in the interests of its substantial holder, Cranport Pty Limited, which now holds an increased voting power of 8.09%, up from 6.91%. This change was facilitated through placements by Palm Beach Nominees Pty Ltd and Foster Stockbroking Pty Ltd, resulting in a significant increase in the number of shares held. This development may impact Black Canyon Limited’s shareholder dynamics and influence within the company, potentially affecting its strategic decisions and stakeholder relations.
Black Canyon Limited has issued 23,166,667 fully paid ordinary shares under Tranche 2 of a previously announced placement, along with 400,000 shares from the vesting of Performance Rights. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act, and the company confirms compliance with relevant legal provisions, indicating transparency and adherence to regulatory standards.
Black Canyon Limited has announced the quotation of 400,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of March 20, 2025. This move is part of the company’s strategy to increase its capital base and enhance liquidity, potentially strengthening its position in the mining sector and offering new opportunities for stakeholders.
Black Canyon Limited announced the issuance of 400,000 ordinary fully paid securities as part of its strategic financial operations. This move is expected to impact the company’s equity structure and may influence its market positioning by potentially increasing its capital base and shareholder value.
Black Canyon Limited has announced the quotation of 23,166,667 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code BCA. This move is part of a previously announced transaction, indicating the company’s strategic efforts to enhance its market presence and liquidity. The issuance of these securities is expected to impact the company’s operations by potentially increasing its capital base and providing more opportunities for investors to engage with the company’s growth trajectory.
Black Canyon Limited, a company listed on the ASX under the code BCA, announced that all resolutions proposed at their General Meeting on March 12, 2025, were passed by shareholders. The resolutions, which were decided by poll, included approvals related to the issuance of shares and were overwhelmingly supported, with over 96% of votes in favor. This successful outcome reflects strong shareholder confidence in the company’s strategic decisions and may positively influence its market positioning.
Black Canyon Limited has released its financial report for the half-year ending December 31, 2024. The report includes various financial statements and declarations, providing insights into the company’s financial performance and position. This release is crucial for stakeholders as it outlines the company’s profitability and financial health, which can impact its market positioning and future strategies.
Black Canyon Limited has announced its General Meeting, scheduled for Wednesday, 12 March 2025 at 9:30am (AWST) at Level 1, 389 Oxford Street, Mount Hawthorn, WA 6016. Stakeholders are encouraged to participate in the meeting, either in person or via proxy, with proxy submissions required by 9:30am (AWST) on Monday, 10 March 2025.
Black Canyon Limited has announced a General Meeting to discuss several key resolutions involving the issuance of shares. These resolutions include the ratification of prior share issues and approval for new share issues, including shares to be issued to related parties. The meeting and its outcomes could significantly impact the company’s shareholding structure and governance, as the resolutions seek shareholder approval for various share transactions, potentially affecting company control and stakeholder interests.