Black Canyon (ASX:BCA) commenced a pivotal resource definition and expansion drilling programme at its Wandanya Project, situated in the manganese-rich Pilbara region of Western Australia.
The move follows high-grade manganese and iron discoveries that have positioned Wandanya as a high-priority asset within the company’s portfolio.
The current campaign is designed to achieve dual objectives: systematically defining the extent of known mineralisation and testing for strike extensions that could substantially increase the project's footprint.
The Wandanya Project is located within striking distance of Port Hedland, providing a logistical advantage for potential future exports.
The drilling phase is a critical step in the company's broader strategy to establish a robust mineral resource estimate, building on the success of the nearby Balfour Manganese Field, which already hosts a globally significant MRE of 315Mt @ 10.5% Mn.
Managing Director Brendan Cummins noted that the commencement of drilling marks an exciting period for the company as they transition from exploration discovery to resource quantification.
With a capital structure supported by 162.2 million shares on issue and strong institutional backing, Black Canyon remains well-funded to complete this seasonal programme.
At the time of reporting, Black Canyon's share price was $0.33.