Black Canyon Limited · ASX:BCA
Black Canyon — RIU Explorers Conference 2025
22 slides from Black Canyon's conference presentation, Feb 19, 2025
Slide 1: ASX Announcement: Corporate Presentation – RIU conference
ASX Announcement 19 February 2025 ASX:BCA Corporate Presentation – RIU conference For personal use only Black Canyon (ASX: BCA) is pleased to release the following presentation that Managing Director, Mr Brendan Cummins, will be providing at the RIU Explorers conference, Fremantle. This announcement
Slide 2: Pilbara Focused Manganese Developer & Explorer
For personal use only Pilbara Focused Manganese Developer & Explorer February 2025 ASX:BCA RIU Explorers Conference blackcanyon.com.au
Slide 3: Disclaimer & Forward-Looking Statements
Disclaimer & Forward-Looking Statements 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 represen
Slide 4: Manganese Developer and Explorer
Manganese Developer and Explorer For personal use only Wandanya – high grade Manganese and Iron Discovery Substantial Global MRE totaling Traditional manganese Scoping Study at the KR1 314 Mt @ 10.5% Mn containing concentrate for the Mn and KR2 deposits 33.1 Mt Mn. alloying industry. Essential for a
Slide 5: Corporate Overview
Corporate Overview ASX:BCA Graham Ascough $7.0m $3.1m $3.9m Non-Executive Chairman Geophysicist Market Cap Pro Forma Cash Enterprise Value Mr Ascough is a resources executive and geophysicist with more For personal use only (as at 14/02/2025) (31 Dec + T1 and T2 Placement than 30 years’ experience.
Slide 6: Manganese Fundamentals
Manganese Fundamentals World Manganese Production (2022 USGS) Essential for steel with approx. 90% used in steel manufacturing. Mn alloys are added to steel to prevent corrosion, resist abrasion, and increase hardenability. South Africa Gabon Australia China Globally 60Mt of ore traded on an ann
Slide 7: Black Canyon a Manganese focused Growth Story based on Exploration Success
Black Canyon a Manganese focused Growth Story based on Exploration Success For personal use only 2021/22 2023 2024 Planned 2025 Wandanya Metallurgical Testwork BCA IPO May 2021 Battery Grade HPMSM Defined Exploration Target producing concentrate grades Achieved 160–215 Mt @ 11–12% Mn between 48 and
Slide 8: Asset Overview
Asset Overview ~ 1,700km2 of Granted Licenses Recently discovered Wandanya Mn and Fe targets Balfour Mn Field - large scale manganese enriched shale hosted mineralisation Multiple development options across the Balfour Mn Field with the KR1 and KR2 For personal use only Scoping Study generatin
Slide 9: Manganese and Iron Discoveries
Wandanya Manganese and Iron Discoveries (BCA100%) High-Grades from rock chips and RC drilling Hydrothermal Mn grades similar to the Woodie Woodie Mn For personal use only Mine Manganese mineralisation mapped along a 3km long corridor Iron enrichment mapped along a 5km corridor, with higher iro
Slide 10: W2 Prospect High-Grade Discovery
Wandanya – W2 Prospect (BCA 100%) High-Grade Discovery No previous drill history For personal use only Unique high-grade stratabound mineralisation drilled on every eastern hole of every drill line Open to the east and along strike to the north. Close to surface, flat dipping, consistent gra
Slide 11: Wandanya Manganese High-Grade Discovery
Wandanya – Manganese (BCA 100%) High-Grade Discovery Located 80km south of Woodie Woodie – potentially same For personal use only mineralising and structural events affecting younger reactive rocks RC drilling followed up rock chip samples that returned 52.9%, 54.3%, 53.3%, 58.5%, 57.9% and 57.8
Slide 12: W2 Prospect Mineralisation and Metallurgical Testwork
Wandanya – W2 Prospect (BCA 100%) Consistent grades and thickness of mineralisation Metallurgical Testwork: density-based beneficiation (HLS) Head Assay Feed Grades For personal use only Mn Fe Al Si Ca K Mg P Composite (%) (%) (%) (%) (%) (%) (%) (%) WD01MG 21.2 3.5 2.4 14.2 6.0 1.4 4.0 0.01 WD02HG
Slide 13: W2 Prospect Stratigraphic Column and Mineralisation Model
Wandanya – W2 Prospect (BCA 100%) East Pilbara Stratigraphic Column Schematic Wandanya Mineralisation Model For personal use only W E Balfour Manganese Field Wandanya Discovery INVESTOR PRESENTATION Woodie Woodie Woodie Woodie * = Mn Ore Age of the Mn mineralisation at Woodie Woodie between 955-1100
Slide 14: Wandanya Iron High-Grade Discovery
Wandanya – Iron (BCA 100%) High-Grade Discovery High Grade Fe (63.3% Fe) Rock Chip sample from Wandanya (BCA 100%) High grade rockchip results including: 64.3%, 62.4%, 58.8%, 58.6% Fe 63.3%, 63.1 and 57.6% Fe For personal use only Potential quality demonstrated with low deleterious content of ph
Slide 15: Wandanya Iron Sheets
Wandanya – Iron (BCA 100%) South Sheet North Sheet For personal use only INVESTOR PRESENTATION BCA ASX Announcement 14/11/2023 Multiple high grade Manganese rock chip samples from Wandanya Project and 04/12/2024 High-Grade Iron Results from the Wandanya 14
Slide 16: Manganese and Iron Discoveries Photos
Wandanya Manganese and Iron Discoveries (BCA100%) High Grade Fe (64.3%) Rock Chip sample from Wandanya High Grade Mn (60.9%) Rock Chip sample from Wandanya Wandanya Outcrop -51.2% Mn (BCA 100%) For personal use only High Grade Fe (62.4%) Rock Chip sample from Wandanya RC drill rig at Wandanya (Septe
Slide 17: KR1 and KR2 Scoping Study Results
KR1 and KR2 Scoping Study Results Financial Performance Summary Unit LOM Initial LOM (years) 16 Total LOM Revenue (A$ M, real) 2,781 Total LOM EBITDA (A$ M, real) 654 For personal use only NPV @ 8% - before tax (A$ M, real) 340 IRR - before tax (%, real) 70 CAPEX (A$ M, real) 84 Payback Period - bef
Slide 18: Downstream HPMSM Test Program
Downstream HPMSM Test Program Stage 1 – Evaluate Ore Suitability Initial leach tests yielded a 93% extraction rate. For personal use only Crystallised Manganese Sulphate crystals containing >32% Mn which >99% Mn Sulphate purity. Comparable to the typical 32% Mn content of battery grade HPMSM but fur
Slide 19: Forward Execution Plan
Forward Execution Plan Exploration and Pre-Development For personal use only Discover global scale Mineral Resources. Assess development pathway through testwork and feasibility. Team development and project implementation plan. Ensure social license to operate through environmental approval
Slide 20: Contact
For personal use only Contact Brendan Cummins Managing Director 0400 799 756 brendan.cummins@blackcanyon.com.au ASX:BCA blackcanyon.com.au
Slide 21: Black Canyon in the Australian Manganese Landscape
Black Canyon in the Australian Manganese Landscape Largest manganese Mineral Resources Estimate in Western For personal use only Australia and second largest in Australia. All discovered by Black Canyon in the past 2 years. Three drill programs completed totalling 569 holes for 20,064m. Tonnes
Slide 22: Australian Mn Resources
Australian Mn Resources Deposit Company Tonnes (Mt) Grade Mn (%) Contained Mn (Mt) Groote Eylandt South 32 127 43.6 55.4 Balfour Mn Field Black Canyon 314 10.5 33.0 For personal use only Butcher Bird Element 25 263 9.9 26.1 Oakover Firebird Metals 176.6 9.9 17.4 Woodie Woodie Consolidated Minerals 4