Fresh from the international manganese conference held in Oman, Black Canyon’s (ASX:BCA) Managing Director Brendan Cummins discusses the soon to be completed Scoping Study.
In May, Mining.com.au reported the then recent spike in manganese pricing over the past few months had increased interest in Black Canyon’s projects across the Balfour Manganese Field (BMF) as previous surface sampling returns high-grade manganese results.
Manganese benchmark ore prices continued to rise rapidly. Since the end of March to the week ending 10 May 2024, the price of 44% manganese ore has increased 65%.
The 44% Mn benchmark price at the end of March was US$4.20/dmtu and has since risen to over US$7.00/dmtu.
Updating the market in relation to a planned heritage and drill program over the W2 prospect located on the Wandanya tenement, Cummins said at the time the prospect represents a promising target for higher-grade manganese mineralisation, potentially linked to a structurally controlled hydrothermal system.
“We are eager to evaluate the potential dimensions of the surface mineralisation and determine how the grade profile trends at depth. The company has a strong track record of exploration discovery which we aim to continue at Wandanya,” Cummins said.
“We are also progressing the Scoping Study on the 100% owned KR1 and KR2 deposits which is trending positively targeting increased processing throughput and reduced logistics pathway to Port Hedland to lower operating costs.”
This year , the International Manganese Institute’s 48th Annual Conference remained the world’s biggest manganese event, gathering in Oman more than 250 delegates from 120 companies, based in 35 countries. This is a new record for attendance at an IMnI conference in our 50-year history.
Images: Black Canyon
