Black Canyon Limited · ASX:BCA
Black Canyon — Lowell Resources Fund Mid-Year Investor Briefing (July 2026)
15 slides from Black Canyon's conference presentation, Jul 16, 2026
Slide 1: Corporate Presentation – Lowell Resources Fund Mid-Year Investor Briefing
ASX: BCA 16 July 2026 Corporate Presentation – Lowell Resources Fund Mid-Year Investor Briefing Black Canyon (ASX: BCA) is pleased to release the following presentation provided at the Lowell Resources Fund Mid-Year Investor Briefing For personal use only This announcement has been approved by the Boa
Slide 2: An Emerging Developer of High-Grade Manganese and Iron
For personal use only An Emerging Developer of High-Grade Manganese and Iron July 2026 ASX: BCA blackcanyon.com.au
Slide 3: Disclaimer
Disclaimer The Company does not purport to give financial or investment advice. No account has been taken of the objectives, financial situation or needs of any recipient of this document. The opinions and recommendations in this presentation are not intended to represent recommendations of particul
Slide 4: Corporate Overview
Corporate Overview Board and Management Shareholder Breakdown For personal use only 9% 28% 63% Graham Ascough Brendan Cummins Rebecca Broughton Simon Taylor Adrian Hill BCA Board & Small Cap Inst. Other Non-Executive Chairman Managing Director Company Secretary and CFO Non-Executive Director Non-Exe
Slide 5: Delivering Value Through Exploration: Strong Discovery Track Record
Delivering Value Through Exploration: Strong Discovery Track Record Seven manganese discoveries Total raised since IPO - $23.5m since May 2021 IPO with $10m held in cash (March Qtr 2026) For personal use only In 24 months and 3 drill programs BCA discovered the largest October 2024 discovered high g
Slide 6: How much is Manganese worth?
How much is Manganese worth? Manganese Vs Iron Ore Value per tonne Comparison (USD/t) For personal use only • Current 44% manganese (Mn) price is: ~2.0x value of iron ore per metric tonne $250 US$226 • Equivalent to A$316 per ton for 44% Mn INVESTOR PRESENTATION $200 USD per tonne of ore • 44% Mn cu
Slide 7: Discovery Wandanya
For personal use only Discovery Wandanya
Slide 8: WA Manganese Developer
WA Manganese Developer Quality portfolio built through exploration success For personal use only Wandanya Project ▪ High-grade Mn and Fe, scale potential, shallow to outcropping with positive beneficiation upgrade INVESTOR PRESENTATION ▪ Greenfields discovery - high-grade manganese mineralisation si
Slide 9: Wandanya Project: Greenfields high-grade Mn and Fe Discovery
Wandanya Project: Greenfields high-grade Mn and Fe Discovery Unique Discovery of Mn and Fe High-grade Manganese For personal use only ▪ ▪ Mn grades similar to the operating Woodie Woodie Mine ▪ Mapped, sampled and drilled over 3km strike ▪ Exploration potential to the north and south INVESTOR PRESEN
Slide 10: Wandanya Project: Significant recent RC drill intersections
Wandanya Project: Significant recent RC drill intersections Significant manganese results include: ▪ 10m @ 35.8% Mn from 0m including 5m @ 44% Mn from 5m (WDRC572) For personal use only ▪ 11m @ 32.5% Mn from 4m including 4m @ 41.9% Mn from 10m (WDRC654) ▪ 9m @ 36.7% Mn from 0m including 4m @ 45.1% M
Slide 11: Simple - shallow, continuous high-grade manganese and iron
Simple - shallow, continuous high-grade manganese and iron For personal use only INVESTOR PRESENTATION cross-section 7,526,050mN BCA ASX Announcement 07/07/2026 Wandanya High-Grade Mn and Fe Results Continue to Impress 10
Slide 12: Wandanya Project: Positive Metallurgical Testwork
Wandanya Project: Positive Metallurgical Testwork • Blend 1 (LG/MG/HG): feed grade of 32.4% Mn upgraded to • Iron ore drop tower tests produced a 74% lump product, grading 41.8% and 45.3% Mn at densities of 2.8 g/cm3 and 3.0 g/cm3 59.7% Fe confirming the potential for Direct Ship Ore (DSO). respecti
Slide 13: Wandanya Project: Next Steps
Wandanya Project: Next Steps Maiden Mineral Growth Potential Through Advancing Pre- Resource Estimate Exploration Drilling development Studies For personal use only • RC Resource Definition • Remains open to North, • Metallurgy, Environmental, drilling underway South and East Logistics, Marketing, H
Slide 14: Black Canyon moving forward
Black Canyon moving forward For personal use only DISCOVER DEVELOP GROWTH INVESTOR PRESENTATION Active Explorer – drilled 4.2 km Wandanya unique high-grade BMF Manganese Bank – of a 9km trend and over 2000km2 Mn & Fe discovery – with key 315Mt @ 10.5% Mn of tenements development attributes discovere
Slide 15: Brendan Cummins, Managing Director
For personal use only Brendan Cummins Managing Director 0400 799 756 brendan.cummins@blackcanyon.com.au
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