Black Canyon Limited (ASX:BCA) Reports High-Grade Iron Results from Wandanya
High-Grade Iron and Manganese Assays
Black Canyon Limited (ASX:BCA) has announced promising high-grade iron assay results from its Wandanya Project. Recent rock chip sampling revealed iron grades of 64.3%, 62.4%, and 58.8% Fe, indicating potential suitability for Direct Shipping Ore (DSO) operations. Previous results of 63.3%, 63.1%, and 57.6% Fe add to the significance of these findings.
The exploration has uncovered a 5km ridge with multiple hematite-rich formations. The company reported substantial width variations between 50m and 300m on section lines, with the southern section exhibiting higher grades adjacent to previously documented high-grade manganese deposits.
Exploration Plans and Future Outlook
The results demonstrate low deleterious content for elements including phosphorus, silica, and alumina. Black Canyon has confirmed the potential for multi-commodity resource delineation and plans follow-up exploration with drilling programs scheduled for early 2025.
Brendan Cummins, Managing Director of Black Canyon, stated, “The mineralisation style and grade ranges for both iron and manganese at Wandanya is a remarkable greenfields discovery and provides compelling drill targets for Black Canyon.” He highlighted the discovery’s exploration potential, particularly where samples exceeded 60% iron along a 2km strike.
Further drill programs aim to clarify both the grade and scale of iron and manganese deposits, utilising reverse circulation rigs during 2025. The focus will also be on assessing simple and low-capital development pathways typical for DSO operations.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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