Black Canyon (ASX:BCA) commences RC drilling at Wandanya and KR2

Australian manganese explorer and developer, Black Canyon Limited (ASX:BCA), has announced the commencement of Reverse Circulation (RC) drilling at the Wandanya Project to follow up high-grade assays from rock chip samples at the W2 prospect and infill drilling at KR2. The main body of mineralisation at the Wandanya - W2 prospect is approximately 300m long and 150m wide and has had no previous drilling to determine potential thickness. The KR2 mineral resource is currently Inferred, and infill drilling is planned to upgrade the resource classification for more detailed development studies. Drill assay results are expected through October, and the Share Purchase Plan is scheduled to close at 5:00pm (WST) on 30 September 2024.

Executive Commentary on RC Drilling Commencement

The Company is excited to be drilling the first holes into this high-grade manganese target. The mapping and surface rock chip samples we previously gathered across the Project are encouraging and warrant drill testing. Establishing the potential thickness of the mineralisation will be key to understanding the grade range and size potential. DDIP surveys completed over the W2 Prospect also identified several deeper targets that are to be tested during this drill campaign. We have also taken the opportunity to infill drill the KR2 deposit within the Balfour Manganese Field (BMF), which we hope to upgrade from its current Inferred status to a higher classification so it can be used in future feasibility studies. The Scoping Study released by the Company earlier this year demonstrated the benefit of shallow, low strip ratio, and higher-grade mineralisation we discovered at KR2. The Company has continued its strategy to demonstrate the scale of the BMF to provide development options to produce manganese concentrate for the steel industry and a HPMSM feedstock.

Summary of RC Drilling Commencement and Share Purchase Plan

Black Canyon Limited (ASX:BCA) has initiated RC drilling at the Wandanya Project to follow up high-grade assays from rock chip samples at the W2 prospect and infill drilling at KR2. The Company aims to establish the potential thickness of the mineralisation to understand the grade range and size potential. Additionally, infill drilling at KR2 is planned to upgrade the resource classification for more detailed development studies. The Scoping Study released earlier demonstrated the benefit of shallow, low strip ratio, and higher-grade mineralisation discovered at KR2. The Company's strategy is to demonstrate the scale of the Balfour Manganese Field to provide development options for producing manganese concentrate for the steel industry and a HPMSM feedstock. The Share Purchase Plan, targeted to raise A$0.5 million, is scheduled to close at 5:00pm (WST) on 30 September 2024.