Black Canyon Limited announced that drilling activities at Flanagan Bore located in the Pilbara region of Western Australia were completed prior to the Christmas break. The reverse circulation (RC) program has successfully intersected extensions to the LR1 mineral resource and discovered significant intervals of manganese mineralization at FB. The programs also provided diamond drill core (PQ size) that will now be utilised for metallurgical test work and will assist with the geo-metallurgical interpretation and mineralisation domaining for the resource estimation.

Assays are pending and expected from early February. Located 120km north-east of Newman, Black Canyon's Flanagan Bore tenement is part of the Company's Carawine Project and is subject to a farm-in and joint venture agreement with Carawine Resources Ltd. whereby Black Canyon can earn up to a 75% interest in the Carawine Project tenements. A total of 168 RC drill holes were completed for 5569 metres and 13 PQ diamond drill core holes were completed for 477 metres.

LR1 Mineral Resource Extension Targets A 900m x 200m zone was previously drill tested and an Inferred Mineral Resource has been estimated comprising 15Mt @ 11.3% Mn1. The RC drill program recently completed by Black Canyon at LR1 has extended the mineralisation to the south and east using 200m line spacing and 100m spaced holes. Diamond drilling was also completed at LR1 to provide samples for metallurgical testwork.

Manganese mineralisation was encountered in all of the diamond drill holes extending along the fold axis for a strike length of 600m. The RC drilling program encountered widespread manganese mineralization across both the FB3 and FB4 prospects covering an area 800 x 800m, using a 200m x 100m grid drill pattern. There had been no previous drilling at FB3/FB4 and the program has confirmed the significance of the fold structure in thickening the manganese mineralisation at FB3.

The 400m x 100m drill pattern completed at FB1 following up eight previously drilled holes, which have confirmed the distribution of the manganese mineralisation. The prospect will benefit from future infill drilling to determine mineralisation continuity and structural interpretation. The assays for the RC drill results will be reported as they are received over the coming months.

The diamond drill core will be used for a beneficiation metallurgical test work program that will feed into a Scoping Study in early 2022.