Black Canyon (ASX:BCA) strategic tenement acquisition extends Wandanya strike potential

Black Canyon Limited has advanced its position in the emerging Wandanya manganese and iron district in Western Australia, completing settlement of the strategic Ndalamo Platinum tenement acquisition.

The transaction expands the company’s tenure footprint across the Balfour Manganese Field by 229 square kilometres and delivers immediate strike extensions to the high grade Wandanya system.

The acquisition consolidates ground around a discovery that has in recent years drawn increasing attention for its scale potential and geological continuity.

Highlights

• Acquisition includes six tenements across the east Pilbara, positioned around the Wandanya project.
• The manganese rich stratigraphic horizon at Wandanya continues for a further 300m to 400m into the acquired ground.
• Intermittent iron enriched outcrops have been mapped across 1.8km of strike on the newly acquired tenement.
• Data compilation and field evaluation will precede an initial drill program planned for Q2 2026.

The settlement follows a share and option-based consideration structure designed to preserve balance sheet capacity while delivering strategic control of prospective geological corridors.

The agreement included two million fully paid ordinary shares and two million unlisted options exercisable at 14 cents over a three-year term, issued upon completion of due diligence and tenure grant conditions.

Wandanya sits on the eastern margin of the Oakover Basin, an area recognised for shale hosted manganese systems influenced by structural and hydrothermal processes, where Black Canyon’s drilling at the W2 prospect has confirmed a high grade manganese and iron horizon extending over a three kilometre strike length.

The most southern drill hole intersected 4 metres at 26.3 percent manganese from 5 metres, including 2 metres at 37.4 percent manganese from 7 metres, located only 100 metres from the boundary of the newly acquired Wandanya South tenement.

Field mapping shows that the same mineralised horizon and geological textures continue southward across the boundary, providing evidence of structural continuity.

In addition to the manganese horizon, mapping has identified intermittent iron enriched outcrops over 1.8 kilometres of strike within the newly acquired ground, with these units exhibiting mineralogical and textural similarities to the hematite rich formations previously drilled at Wandanya.

The presence of both manganese and iron mineralisation across a broader corridor provides multiple exploration vectors and underpins the rationale for consolidating tenure around the discovery.

As Managing Director Brendan Cummins said,

“The Ndalamo tenement to the south provides an immediate step-change in the prospective Wandanya strike length with potential to drill more manganese mineralisation and further enhance the scale potential of this unique discovery.”

Strategically, the consolidation reduces fragmentation across the Balfour Manganese Field and strengthens Black Canyon’s control over a geologically significant trend.

The company now holds a contiguous land position that supports systematic exploration, resource expansion studies and long-range development planning.

Black Canyon already reports a global mineral resource across its broader project portfolio and the addition of further high grade targets adds optionality in shaping any potential development scenario.

With the acquisition settled, the focus shifts to geological data integration, mapping and the definition of drill targets ahead of planned drilling in Q2 2026.

Wandanya has emerged as a system with meaningful scale and grade potential, supported by evidence of stratigraphic continuity across multiple tenements, and ongoing exploration results alongside future resource work will continue to define the commercial path forward.

The broader relevance of manganese in both steel manufacturing and energy storage supply chains underscores the strategic dimension of the project, although ongoing technical and economic evaluation will determine future development progress.

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