Black Canyon Limited has reported significant progress at its Wandanya Project in Western Australia following the successful completion of phase two reverse circulation (RC) drilling. According to the announcement, the drilling program, comprising 101 holes over 2,300 meters of drilling, confirmed the presence of large, high-grade manganese and iron mineralization systems. Multiple drill holes intercepted the hydrothermal stratabound manganese horizon, extending the known mineralized strike from 240 meters to 2 kilometers and remaining open to both the north and east. The drilling also encountered a shallow hematite-dominated iron formation extending over hundreds of meters, with mapping indicating that high-grade iron outcrops cover more than 5 kilometers along strike within the company's tenement packages. The technical outcomes from the drill program underline consistent geology and mineralization over expansive distances. In the manganese corridor, the continuity and thickness of the mineralized horizon mirror previous results obtained at the W2 prospect, suggesting substantial scale and grade potential. Additionally, a detailed investigation along a 900-meter long ridgeline section of the iron-rich formation, supplemented by three cross lines, revealed that the width of the iron unit could range from 250 to 400 meters. Notably, the iron formation appears to be intrinsic rather than a product of surface enrichment, a finding that could significantly bolster long-term resource estimates once lab assay results are received later in the summer. The company, which has consolidated an extensive land package in the underexplored Balfour Manganese Field and Oakover Basin, regards the success of this drilling phase as a pivotal step in enhancing confidence in its discovery. The results not only validate the potential for manganese, a critical commodity in both steel manufacturing and lithium-ion battery production, but also open up a new avenue in iron exploration. Future drill programs are scheduled to continue in August 2025 with the goal of further delineating both the manganese corridor over a total strike of 3 kilometers and the recently discovered iron formation as it extends further north and east. Investors and market observers are likely to view the news with a bullish slant due to the encouraging drilling results and the implied scale of these mineral deposits, which support a positive long-term outlook for both manganese and iron. The program's success in confirming extensive mineralization and the planned continuation of exploration activities suggest strong technical merit and potential upside. However, a bearish perspective may highlight the inherent risks in early-stage exploration, including the reliance on pending assay results to confirm grades and the possibility that further drilling might not fully meet expectations. Overall, the drilling outcomes mark a promising development for Black Canyon Limited, reinforcing its commitment to advancing exploration in key regions of Western Australia.