Black Canyon Limited

#ASXNews Black Canyon Limited is pleased to present its quarterly activities report for the three months to 30 September 2024 (September Quarter). Positive Scoping Study on KR1 & KR2 deposits - Balfour Manganese Field (BMF) • Positive Scoping Study for the KR1 and KR2 Mineral Resources, confirming that the development of the deposits could generate attractive financial returns. o Project pre-tax NPV of A$340m and pre-tax IRR of 70%. o LOM revenue of A$2,781m and EBITDA of A$654m with an average annual operating cashflow of A$46.1m over the 16 year mine life. Higher Grade Results from Metallurgical Testwork • Heavy liquid separation (HLS) testwork on KR1 samples has shown upgrades from approximately 30% Mn to 35% Mn by applying additional density-based beneficiation. • The higher-grade 35% manganese product has potential as a feedstock for downstream high purity manganese sulphate (HPMSM) processing and subject to agglomeration as a concentrate feed for manganese alloy smelters. High Grade Manganese Discovery at Wandanya • Reverse Circulation (RC) drilling completed at the Wandanya Project to follow up high-grade assays from rock chip samples at the W2 prospect. • Discovery of stratabound mineralisation that shows remarkable thickness and grade consistency over 240m of drilled strike with results up to 5m @ 33.2% Mn, including 2m @ 48.7% Mn. Exploration Activities • Infill drilling at the KR2 deposit completed to upgrade the current Inferred Mineral Resource Estimate (MRE) classification so it can be used for detailed development studies. • Dipole-Dipole Induced Polarisation (DDIP) and Gradient Array Induced Polarisation (GAIP) surveys at Fig Tree highlighted near surface targets coincident with outcropping manganese mineralisation and subsurface IP responses interpreted to represent shallow down-dip extensions. Corporate • The Company completed a $0.85m Placement to Institutional and Sophisticated investors. A Share Purchase Plan, conducted on the same terms as the Placement, raised a further $0.26m. VIEW the Report: https://loom.ly/TubA9_E #Shareholders #Investing #QuarterlyReport #BlackCanyon

Black Canyon Limited advises that its Annual General Meeting will be held on Thursday, 28 November 2024 at 2:00pm (AWST). VIEW the Announcement: https://loom.ly/s_mhmL4 #Shareholders #AGM #BlackCanyon

Significant high-grade #manganese assays were received from Black Canyon Limited's W2 prospect, Wandanya, Reverse Circulation drill program, including: • 5m @ 33.2% Mn from 4m including 2m @ 48.7% Mn (WDRC032) • 5m @ 33.2% Mn from 1m including 2m @ 44.1% Mn (WDRC031) • 5m @ 32.4% Mn from 4m including 2m @ 39.6% Mn (WDRC027 • 6m @ 27.7% Mn from 3m including 2m @ 42.9% Mn (WDRC013) The stratabound mineralisation shows remarkable thickness and grade consistency over 240m of drilled strike, with manganese logged on the second and last holes on the eastern boundary of the drill pattern. This remains open to the east and north where #BCA has mapped 1.75km of intermittent high grade outcropping manganese. Learn more: https://loom.ly/0Fe1kuc #BlackCanyon #ASX #mining

Confirming Black Canyon Limited's initial pXRF results from the W2 prospect Reverse Circulation drill program, the Company has received the expedited laboratory-based #manganese assay results for selected representative holes which included 5m @ 33.2% Mn from 4m including 2m @ 48.7% Mn from hole WDRC032. Sufficient sample has also been collected to undertake benchtop heavy liquid separation testwork to beneficiate lower grade manganese intervals, to determine if a 35 to 40% Mn product can be produced. This is particularly relevant for the mixed Mn/Dolomite breccia zone. Beneficiated ores could be sold to smelters for manganese alloying or as a high grade feedstock for HPMSM Discover more: https://loom.ly/0Fe1kuc #BlackCanyon #ASX #mining

via Kalkine Media Australia Black Canyon Limited REPORTS PROMISING MANGANESE ASSAYS FROM WANDANYA; SHARES JUMP #BCA a manganese exploration and development company, has received promising laboratory results from the reverse circulation (RC) drill program at the W2 prospect, Wandanya. The maiden drilling campaign has uncovered potential hydrothermal-related stratabound mineralisation, with high-grade manganese assay results confirming the preliminary pXRF results released in September 2024. READ more https://loom.ly/KBii01U #MediaCoverage #MiningNews #BlackCanyon

#ASXNews Black Canyon Limited is pleased to advise that it has completed the share purchase plan (SPP). #BCA’s Managing Director, Brendan Cummins, said “The Company welcomes the continued support of our shareholders via the applications we received for the SPP. The support highlights the interest in the high-grade Wandanya Project since announcing the recent drill results from our first program into the W2 Target. The consistent highgrade #manganese results from the initial six holes at W2 have demonstrate the potential of this new area with more results due over November as we continue to plan our follow-up #exploration plans. We look forward to updating the market as the drill assay results are received.” The SPP closed at 5.00pm WST on 9 October 2024 having received and accepted applications totaling $263,000. The SPP was offered to existing eligible shareholders with registered addresses in Australia at A$0.07 per share. In addition, for every two shares applied for, applicants will receive one option exercisable at $0.14 on or before two years from the date of issue. View the announcement: https://loom.ly/eooEhrc #BlackCanyon #ASX

Black Canyon Limited advises that its 2024 Annual General Meeting will be held on Thursday 28 November 2024. The Closing date for receipt of director nominations is Friday 18 October 2024. View announcement: https://loom.ly/4TEVrWw #BlackCanyon #ASX #Manganese #mining

Black Canyon Limited is pleased to release the following presentation that Managing Director, Brendan Cummins presented at an Investor Webinar with Sharewise yesterday. Webinar recording here: https://loom.ly/0K5UcH4 View the presentation: https://loom.ly/F8KGjpM #BCA #ASX #manganese #mining

via Grafa Black Canyon Limited reported assay results from its W2 prospect at Wandanya, revealing significant stratabound #manganese mineralisation. The reverse circulation #drilling campaign encountered high-grade manganese, with the assays confirming prior pXRF results. Read More ➡️ https://loom.ly/znf8rBo

via Mining.com.au Black Canyon Limited in mid-November expects to receive the remainder of assays from reverse circulation #drilling at the W2 prospect after expediting recent laboratory-based results. Read the article ➡️ https://loom.ly/MJIcnh8 #BCA #ASX #manganese #mining