Black Canyon Limited announced the results from the recent reverse circulation (RC) drill program at the Flanagan Bore Manganese Project. Systematic drilling along a 2,000m long target located between the FB3 and LR1 deposits discovered significant zones of manganese mineralisation. The higher-grade manganese enriched shale mineralisation shows similar key characteristics to the FB3 and LR1 deposits with strong grade and geological continuity.

With receipt of these latest drill results, there is high potential to expand the global Mineral Resource Estimate (MRE) at Flanagan Bore beyond the current 104Mt @ 10.5% Mn (Indicated) containing 11Mt of manganese. A total of 181 holes for 7,534m of RC drilling was completed at Flanagan Bore during May/June 2022. Along the L1 and TF1 mineralised trend, the majority of the drill lines were spaced 200m apart using angled drill holes located on 25 or 50m centres to obtain complete drill section coverage.

Whilst at FB3 and LR1, the overall drill spacing has been reduced to a 100m x 100m grid pattern. All of the assay results have now been received and compiled from the LR1 and FB3 deposits, along the L1 to TF1 trend and from the FB2 and FB6 prospects. A summary of the significant results and collar details for the drill program completed at Flanagan Bore are presented.

Manganese enriched shale has now been delineated from surface along the L1 to TF1 trend extending over 2,000m of strike with a cross width currently defined ranging between 90 to 130m. Similar to FB3 and LR1 the manganese enriched beds are shallowly dipping and remain open to the southeast. The continuity of the manganese enriched mineralisation will extend the MRE from FB3 along strike to the southwest.

Deeper drilling completed as part of this infill phase has yielded much thicker intervals of mineralisation than previously encountered, which has the potential to further expand the FB3 Mineral Resource Estimate and grow the global mineral resources at Flanagan Bore.