Black Canyon Limited (ASX: BCA) is an Australia-based mineral exploration and development company focused on manganese projects in the Pilbara region of Western Australia. Incorporated in 2011 and headquartered at 283 Rokeby Road, Subiaco, the company holds a dominant position across more than 2,000 square kilometers of highly prospective tenements in the Balfour Manganese Field and Oakover Basin, including the Balfour Manganese Field with deposits such as Flanagan Bore, KR1, KR2, Balfour East and Damsite; Oakover West and Oakover East covering 750 square kilometers; Wandanya with high-grade manganese-iron discoveries; Carawine JV Project with 75% interest over 457 square kilometers prospective for manganese and copper; and Braeside with high-grade hydrothermal manganese mineralization. It has delineated a global mineral resource of 314 million tonnes at 10.5% manganese containing 33.1 million tonnes of manganese, including a higher-grade portion of 99 million tonnes at 12.9% manganese containing 12.8 million tonnes, and completed a scoping study for the KR1 and KR2 deposits confirming pre-tax NPV of A$340 million and IRR of 70% over a 16-year mine life; the company also explores copper and cobalt targets and evaluates upstream processing to produce high purity manganese sulphate monohydrate for electric vehicle lithium-ion batteries. In recent developments, Black Canyon settled the acquisition of Ndalamo Platinum Pty Ltd in November 2025 for 2 million shares and 2 million options, adding 229 square kilometers including key tenements EL46/1571 and EL46/1572 that extend the high-grade Wandanya strike by 300-400 meters with 1.8 kilometers of iron potential, enhancing scale across the Balfour Manganese Field; it raised A$10 million through a share placement to fund exploration and pre-development at Wandanya targeting Q2 2026 drilling, continues offtake discussions, and advances 2026 exploration plans amid tightening global manganese supply.