Highlights
- Black Canyon completes hydrometallurgical testwork on manganese oxide samples from KR1 within the Balfour Manganese Field.
- The results highlight existence of battery grade High Purity Manganese Sulphate Monohydrate (HPMSM) of over 99% Purity.
- BCA has begun studies for Mineral Resource Estimation (MRE) on the prospect.
Pilbara-focused manganese developer and explorer, Black Canyon Limited (ASX: BCA) has revealed that its HPMSM Hydrometallurgical Testwork has returned high manganese extraction rates as well as battery grade High Purity Manganese Sulphate Monohydrate (HPMSM) from the KR1 Target, which was drilled recently within the Balfour Manganese Field. The company considers ‘production of battery grade HPMSM to be a milestone achievement for Black Canyon and shareholders’.
Remarks by Black Canyon Executive Director, Brendan Cummins:
BCA stock performance
The company’s share price has gained around 25% in the past one month. The stock last traded at AU$0.15 apiece on the Australian Securities Exchange (ASX) on 20 Oct 2023, with a market cap of AU$9.84 million.