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Black Canyon Limited

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About BCA

Black Canyon Limited (BCA) is focused on manganese exploration and development in WA's Pilbara region. The Company has a portfolio of tenements that are prospective for manganese mineralisation and hosts the large Flanagan Bore Mineral Resource.

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Sector

Materials

CEO

-

Industry

Metals & Mining

Website

blackcanyon.com.au

Market Capitalisation

$6M

Price-earnings ratio

-2.30

Dividend yield

-

High today

$0.08

Low today

$0.07

Open price

$0.08

52-week high

$0.15

52-week low

$0.05


Announcements





What does Black Canyon Limited (BCA) do?

Black Canyon Limited is all about manganese, copper and cobalt. Headquartered in Subiaco, this minerals exploration company is active in Western Australia’s Pilbara region.

The company is currently focused on its flagship Flanagan Bore Project, located approximately 120 kilometres north-east of Newman in the Pilbara region. The project contains both 100%-owned and joint venture tenements (JV with Carawine). Previous drilling at Flanagan Bore has returned thick intervals of supergene manganese mineralisation and identified nine high priority targets.

Black Canyon also has interests in four more projects but did not undertake any fieldwork in these during the final quarter of 2021:

  • Braeside Project — Part of the Carawine JV and located 250 to 300 kilometres south-east of Port Hedland, the Braeside project has had limited drill testing. Black Canyon has confirmed the presence of manganese mineralisation.

  • Oakover West Project — Also located 250 to 300 kilometres south-east of Port Hedland, Oakover West is adjacent to the Sunday and Ant Hill manganese development projects owned by Resource Development Group. The project comprises both 100% Black Canyon owned and Carawine JV tenure.

  • Oakover East Project — Prospective for manganese and copper, the project is located 10 kilometres of Oakover West. Previous exploration has concentrated on extensive outcropping manganese at Fig Tree and copper mineralisation at the Enacheddong prospect. This project also comprises both 100% Black Canyon owned and Carawine JV tenure.

  • Lofty Range Project — 100% owned by Black Canyon, this project is 30 kilometres north-west of the Butcherbird Manganese Operation and close to infrastructure. Initial field assessments have confirmed outcropping manganese mineralisation.

All together, Black Canyon’s projects comprise over 2,600 square kilometres of prospective tenure in East Pilbara.

Is Black Canyon a profitable company?

No, Black Canyon is not profitable at this time. Since FY2018, Black Canyon has reported zero revenue. It has also reported net losses of A$88, A$2.47k, A$68.44k and A$841.9k for FY2018, FY2019, FY2020 and FY2021, respectively.

The company has already begun issuing more shares to keep operations going. At 30 June 2021, the number of BCA shares available was 39.7m. Half a year later, the available shares had risen to 40.7m. The company’s “consolidated cash at hand was $3.6m as of 31 December 2021 with no debt”.

Black Canyon also placed another 9.7m shares on 29 April 2022 to accelerate operations at Flanagan Bore.

As the company was only listed in May 2021, financial data is limited and only goes back to FY2018.

Is BCA stock a buy?

Some investors are bullish. On 13 April 2022, Black Canyon announced “a significant increase in the Mineral Resource tonnage and contained manganese at its Flanagan Bore Project in the eastern Pilbara region of Western Australia”.

Black Canyon’s new Mineral Resource Estimate (MRE) added 89 million tonnes of total tonnage and nine million tonnes of contained manganese on top of the previous MRE of 15 million tonnes at 11.3% manganese.

On 29 April 2022, Black Canyon successfully raised A$3.2m to accelerate its operations at Flanagan Bore after placing 9.7m shares.

Does BCA stock pay dividends?

No. Black Canyon has no history of paying dividends and has made no announcements to do so in the future.

Who owns BCA stock?

Holding 53.1% of the total float, the general public is the largest owner of BCN stock. Individual insiders also hold a substantial amount at 35.1% of the total float.

Some of the biggest owners of BCA stock include Charles Arve (4.5%), Executive Director Brendan Cummins (3.86%), Non-Executive Director Adrian Hill (3.86%), Robert Greenslade (3.34%), Non-Executive Director Simon Taylor (2.82%), Non-Executive Chairman Graham Ascough (2.7%) Richard Manners Hill (2.54%), Letitia Burbury (2.46%), KJLA Pty Ltd (1.39%) and Sailors Of Samui Pty Ltd (1.15%)

How do I buy BCA stock?

Stake offers a quick and easy way to purchase BCA shares – along with 2,000+ other Australian stocks and ASX ETFs – for a brokerage fee of only A$3.

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With Stake, you can be in the market in under 5 minutes, whether it's the ASX or Wall St. If you’re interested in building your portfolio by adding BCA, sign up today.

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BCA FAQs

  1. Find the right investing platform for you. To buy BCA shares in Australia, you’ll need to open an account with an investing platform that offers the security. Try Stake, you can sign up in minutes.
  2. Fund your brokerage account. Once you are set up you can deposit into your account with different payment methods.
  3. Search for BCA or Black Canyon Limited. Find the stock by using the search function and go to the BCA page.
  4. Place an order to buy BCA. Press the ‘Buy’ button and choose an order type to place your trade. Depending on the order type, the trade will go through straight away or when a price target is hit.
  5. Monitor your portfolio. You’ve now purchased some BCA shares. Stay on top of your portfolio and monitor its performance. You may be eligible for dividends and shareholder voting rights that affect your stock.

The ticker symbol for Black Canyon Limited is BCA.

One share of BCA is valued at $0.07 as of 12 December 2024.

As of 12 December 2024 Black Canyon Limited has a market cap of $6M.

The Price to Earnings ratio of BCA is -2.30.

The Earnings Per Share of BCA is -$0.03.

The Black Canyon Limited 52-week high stock price is $0.15.

The Black Canyon Limited 52-week low stock price is $0.05.

Yes, the Stake investing platform allows you to buy BCA shares and over 12,000 more stocks and ETFs across the ASX and Wall St.

This is not financial product advice nor a recommendation to invest in the securities listed. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.

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