Sponsored

Black Canyon (ASX: BCA) reports manganese concentrate grades above 30% in metallurgical testwork - Kalkine Media

April 17, 2023 10:52 AM AEST | By Ankit Sethi
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

Highlights

  • BCA is a manganese (Mn) explorer holding a 75% interest in the Carawine joint venture with Carawine Resources
  • Composite samples from the Flanagan Bore Project have shown Mn concentrate grades between 30% and 33% in the latest metallurgical testwork
  • BCA says the results show consistency across the composites tested in terms of lump and fines Mn

Black Canyon (ASX: BCA) -- the company with interests in the Carawine joint venture (manganese and copper) -- has provided a positive update with respect to the recently completed metallurgical testwork. The testwork used two samples from the LR1 and FB3 deposits (Flanagan Bore Project) and achieved manganese (Mn) concentrate grades up to 33%. BCA is progressing discussions with potential off-take partners, and additional testwork to test the variability acrossthe Company's tenements.

Source: BCA ASX announcement dated 17 April 2023

The ASX-listed shares of the manganese explorer and developer last traded at AU$0.265 midday on 17 April 2023, with BCA's total market cap of AU$13.7 million.

The development

The manganese explorer and developer in Western Australia undertook metallurgical testwork of composite samples at the Flanagan Bore Project, with results now showing concentrate grades up to 33% Mn. The master composites belonged to the LR1 and FB3 deposits. The company believes that the result provides "further confidence" to deliver "consistent and reliable" Mn product using the density separation technique.

The pre-feasibility level test work was aimed to understand material characteristics and potential flowsheet design besides other things. The company is also prepping for further laboratory scale testwork to enhance the findings of the metallurgical testwork. Manganese content upgrades from scrubbing and washing are in the below picture (Figure 1), followed by upgrades using density liquids applied to lumps and fines (Figure 2).

Figure 1; Source: BCA ASX announcement dated 17 April 2023

 

Figure 2; Source: BCA ASX announcement dated 17 April 2023

 

Statement

The company's Executive Director Brendan Cummins has lauded the metallurgical update development and commented that it "builds significantly upon" 2022's Scoping Study testwork. Last year, the company has compared heavy liquid separation to ore sorting processing. Mr. Brendan has also stated that Black Canyon would progress other potential resource targets, across the company's diverse portfolio, over the next 6 months.

About Black Canyon

The ASX-listed company has 75% interest and is the manager of the Carawine JV project. The project spans ~800 sq. km in the mineral rich region of Western Australia. There is a substantial footprint in a proven and producing Mn belt (Woodie-Woodie manganese mine), according to the Company. Notably, the company also has exploration licenses (100%) next to the Carawine Projects, expanding the Company's land holdings to more than 2,750 sq. km.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Two ASX Listed Stocks Giving Bullish Indications



We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.