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Black Canyon Q2 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 TU earnings summary26 Jan, 2026
Executive summary
Phase 3 RC drilling at Wandanya confirmed thick, shallow, high-grade manganese and iron mineralisation, with multiple holes averaging above 35% Mn from surface and significant iron intersections up to 61.3% Fe.
Rock chip sampling at Wandanya South returned exceptional grades, confirming a 1.8km southern extension to the mineralised system.
The KR2 Mineral Resource Estimate (MRE) was upgraded, with 90% now classified as Indicated, and the combined KR1 and KR2 MRE totals 104 Mt @ 10.3% Mn.
Acquisition of Ndalamo Platinum Pty Ltd added six tenements, expanding the project footprint by 229km².
Financial highlights
Cash position as of 31 December 2025 was $10.46 million, with no debt.
Exploration and evaluation expenditure for the quarter was $724k; admin and corporate costs were $218k.
Outlook and guidance
Infill and extension drilling at Wandanya planned post-wet season, with further heritage surveys and environmental baseline studies scheduled for early 2026.
Metallurgical testwork on PQ3 diamond core to continue in the March quarter, with results to inform further development.
Wandanya resource estimation strategy
BMF global MRE value contribution
Key metallurgical testwork success factors
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Next Black Canyon earnings date
H1 20269 Mar, 2026
Black Canyon
Next Black Canyon earnings date
H1 20269 Mar, 2026
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