Black Canyon Limited has advanced its exploration efforts at the Wandanya Project by resuming drilling activities designed to both infill and extend the mapped high-grade manganese and iron mineralisation over a 3km strike. The company’s renewed investigation builds on previous drilling programs that demonstrated strong shallow intersections, including intervals such as 6 meters averaging 35.0% manganese with a subinterval reaching 42.1%, along with similar high-grade results from other drill holes. These encouraging figures underscore the potential for economically significant mineralisation on the eastern margin of the Oakover Basin. The current Phase 3 reverse circulation program will see approximately 150 drill holes for a total of 3,500 meters aimed at testing the full strike length as well as the cross-strike width, which varies between 400 and 700 meters. Drill line spacing is planned to be variable, with planned hole centres around 40 meters apart along drill lines that are between 200 and 300 meters apart. This program is expected to take three weeks to complete, with assay results anticipated during October and November. Meanwhile, the remaining 47 drillholes from Phase 2, targeting both manganese and iron, are expected to be finalised by the end of August 2025. Investors will note that the company’s capital structure is supported by approximately 132.9 million shares in issue. Notably, the top 20 shareholders hold 52% of the company, while Board & Management and Funds & Institutions account for 9% and 28%, respectively. With significant land holdings in the Balfour Manganese Field and across the Oakover Basin, Black Canyon Limited is well positioned to leverage its exploration success in a region known for its underexplored potential. The news carries a bullish sentiment for those looking at long-term value in the mining sector. The depth and consistency of the high-grade manganese intersections, coupled with the project’s proximity to existing infrastructure and the scale of mapped mineralisation, provide a strong case for a significant discovery that could elevate the company’s prospects. However, there is also a bearish angle given the inherent risks of exploration projects. The reliance on upcoming assay results, along with the ongoing execution of a complex drilling program, means that uncertainties remain until further technical data confirms the economic viability of the deposit.