Black Canyon (ASX: $BCA) achieves significant milestone in manganese concentrate production

Australian manganese explorer and developer, Black Canyon Limited (ASX: $BCA), has successfully produced manganese concentrates grades of 31.8% Mn and 31.3% Mn from the KR1 and KR2 test samples using Dense Media Separation (DMS) techniques. The results confirm the Company's ability to deliver a quality oxide manganese concentrate ranging between 30 to 33% Mn, meeting the requirements of the high-volume medium grade manganese market segment. The DMS results will inform the KR1 and KR2 Scoping Study assumptions, with an estimated completion by the end of the quarter. Manganese benchmark ore prices have shown a significant 34% increase over the past month, indicating a positive outlook for the manganese market.

Executive Commentary on Dense Media Separation Results

For the first time, the Company has utilized larger scale DMS equipment, confirming the ability to deliver a quality oxide manganese concentrate in line with end user requirements. The results have achieved two key objectives of producing a consistent product using standard industry-based equipment and providing 100 to 150kg of 32% manganese concentrate for further hydrometallurgical testwork from the 100% owned KR1 and KR2 deposits. Tightness in the manganese market has been demonstrated with a significant 34% price increase since the end of March for the 44% Mn benchmark index, indicating a positive outlook for manganese in the next 12 months as Black Canyon progresses the development of the KR1 and KR2 deposits.

Summary of Dense Media Separation Results and Market Outlook

Black Canyon (ASX: $BCA) has achieved a significant milestone in the production of high-grade manganese concentrates from the KR1 and KR2 deposits using Dense Media Separation (DMS) techniques. The results confirm the Company's ability to produce a 30 - 33% Mn oxide product, meeting the requirements of the high-volume medium grade manganese market segment. The DMS results will inform the KR1 and KR2 Scoping Study assumptions, with an estimated completion by the end of the quarter. The positive outlook for manganese is supported by the significant 34% increase in the 44% Mn benchmark price since the end of March, indicating a strong market demand. Black Canyon's progress in the development of the KR1 and KR2 deposits aligns with the positive market conditions, positioning the Company for future growth and success in the manganese sector.