- Black Canyon (BCA) and Carawine Resources (CWX) complete metallurgical testing at the Flanagan Bore project in WA
- The companies discovered concentrate grades of between 30 and 33 per cent manganese in two deposits after four months of testing
- The results show a positive trend across the tested composites in terms of manganese concentrate grades and recoveries for lump and fines products
- BCA now plans to explore other potential resources in its portfolio, including the KR1 target, and has initiated discussions with potential offtake partners
- Shares in Black Canyon closed 5.66 per cent lower at 25 cents on Monday afternoon
Manganese explorer and developer Black Canyon (BCA) and its joint venture partner, Carawine Resources (CWX), have completed metallurgical testing at the Flanagan Bore project in the Pilbara region of WA.
The companies discovered concentrate grades of between 30 and 33 per cent manganese in two deposits after four months of testing
The most significant finds included 32.2 per cent lump product from LR01 and 33.4 per cent fines product from FB03.
The company said the results showed a consistent and positive trend across the composites tested in terms of lump and fines manganese concentrate grades and recoveries.
The company now plans to progress other potential resource target opportunities across its portfolio, including the recently acquired E46/1383 tenement that hosts the KR1 target, which is five kilometres long and has not been drill tested.
Black Canyon has commenced discussions with potential offtake partners and expects inquiries to increase in the future.
BCA shares were 5.6 per cent, trading at 25 cents, while CWX shares were flat, trading at 9.5 cents at market close.