Company
Canyon Resources Ltd
ASX:CAY
Canyon is rapidly progressing the world-class Minim Martap Bauxite Project in Cameroon towards production through its in-country subsidiary Camalco. The company is on track to commence operations in early 2026 and make its first shipment of bauxite from Minim Martap in the 1H 2026.
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Canyon Resources lifts Minim Martap bauxite resource to more than 1 billion tonnes
The Physical Properties Program, which tested for rock strength, moisture levels and density, allowed for an update of the density assumptions of the mineral resource estimate.
Canyon Resources' advanced metallurgy confirms very high grade Minim Martap bauxite specifications
The advanced metallurgical program has shown a consistency of Total Available Alumina (90%) and Reactive Silica (70-80%) recoveries in ore samples taken from within the Minim Martap bauxite field.
Canyon Resources completes key interim water report for Minim Martap Bauxite Project ESIA studies
The Water Resources Interim Baseline Report has been prepared by Cameroonian consultancy Rainbow Environmental Consult SARL with international consultancy firm Ramboll participating in data collection and document reviews.
Canyon Resources signs MOU with Port of Doula for Minim Martap Bauxite Project logistics
The company is planning to develop the project in a two-stage port execution program with initial production exported though the port of Douala utilising existing rail and port infrastructure.
Canyon Resources strengthens board with appointment of new strategic investor as non-executive director
Su’s background and contacts within the bauxite and alumina industries in China are expected to assist with the timely development of the Minim Martap Project.
Canyon Resources buoyed by extensive rail upgrade work in Cameroon
A project to upgrade 68 rail bridges and rail track will allow Canyon to support a low capex, low opex solution to deliver high-grade, seaborne bauxite from Minim Martap project.
Canyon Resources raises $10 million in placement cornerstoned by new strategic investor
“I have invested in Canyon Resources as I believe the Minim Martap Project is the best bauxite opportunity in the world," says new strategic shareholder Peter Su.
Canyon Resources Minim Martap bauxite testing outcomes underpin product technical specifications
The chemical, metallurgical and physical test-work informed the Minim Martap pre-feasibility study and resulting ore reserve estimate.
Canyon Resources in trading halt with capital raising news pending
There is scope to extend the initial 97.3 million tonnes reserve with only three of the Cameroon project’s 79 plateaux included.
Canyon Resources maiden Minim Martap bauxite reserve supports 20-year mine life
There is scope to extend the initial 97.3 million tonnes reserve with only three of the Cameroon project’s 79 plateaux included.
Canyon Resources produces Minim Martap bauxite datasheet to progress offtake negotiations
The specification sheet provides a basis for commercial and technical progression of bauxite offtake agreements.
Canyon Resources robust PFS demonstrates Minim Martap Bauxite Project potential
The PFS focused on beginning mining operations as quickly as possible and maximising tonnage through Douala Port, whilst reducing operating expenditure.
Canyon Resources progresses towards Minim Martap Bauxite Project PFS
The project has the capacity to export a large quantity of the high-grade bauxite with extremely low silica for many decades.
Canyon Resources advances discussions with potential bauxite project partners
The company is shipping bulk Minim Martap samples for testing by interested potential offtake partners.
Canyon Resources appoints Nick Allan chief financial officer and company secretary
A pre-feasibility study on the two-stage, two-port development of the Minim Martap Bauxite Project in Cameroon is on track for release this quarter.
Canyon Resources bauxite project PFS on track for June quarter release
The pre-feasibility study (PFS) on the two-stage, two-port development of the Minim Martap Bauxite Project is on track for a June quarter release.
Canyon Resources on track for Minim Martap PFS in second quarter
The company plans to develop its project by exporting initial production though the established port of Douala before reducing costs and exporting through the new port of Kribi once rail infrastructure is in place.
Canyon Resources strengthens team with appointment of leading bauxite executive
Rick Smith’s experience will be a strong asset to the company in developing the world-class Minim Martap Bauxite Project in Cameroon.
Canyon Resources hosts Minim Martap Bauxite Project site visit as PFS advances
Consultants and contractors visit project sites and transport corridors from the mine in central Cameroon to ports.
Canyon Resources closes SPP after raising $843,000 to progress Minim Martap Bauxite Project
The company’s Minim Martap project is a global tier-one bauxite asset with exploration upside and encompasses two main deposits, Ngouandal and Minim Martap within 25 kilometres of each other.
Canyon Resources focused on delivering West African bauxite project
Canyon plans to develop the project in two stages using different rail and ports for each stage.
Canyon Resources’ bauxite offers an alternative to Guinea: Far East Capital
Canyon has been establishing a foothold over substantial high-grade bauxite resources in Cameroon in recent years.
Canyon Resources to undertake SPP after strong response to placement results in $2.5 million
The company aims to use the capital raising of up to $4 million to accelerate the delivery of a PFS on the Minim Martap Bauxite Project.
Canyon Resources in trading halt ahead of capital raising
The company’s securities will remain in trading halt until Monday December 16 or when an announcement is made to market, whichever occurs earliest.
Canyon Resources scoping study supports simple low-cost stage one bauxite operation
The scoping study relates to stage one of a proposed two-stage bauxite mining operation at the Minim Martap Project.
Canyon Resources sees benefits in two-stage development for bauxite project
A two-stage development plan could result in lower start-up capex and a faster pathway to bauxite production.
Canyon Resources upgrades Minim Martap Bauxite total tonnes by 62%
The resource upgrade confirms the Minim Martap Project as a global Tier 1 bauxite project.
Canyon Resources in trading halt ahead of Minim Martap resource announcement
The company’s securities are in a trading halt until Friday, September 27, or when an announcement is released.
Canyon Resources latest drill results support bauxite resource growth
Drilling results from the Ngaoundal Licence suggest the current JORC resource may be increased further.
Canyon Resources drill high-grade bauxite at Minim Martap
Multiple intersections of over 50% aluminium oxide with low silicon dioxide have been drilled from surface at the Sophia Plateau.
Canyon Resources secures $4 million for Minim Martap Bauxite Project PFS
Recent drilling highlights from Minim Martap include 8 metres at 56.76% aluminium oxide and 1.63% silicon dioxide.
Canyon Resources in trading halt ahead of capital raising news
The company’s securities will remain in a trading halt until Tuesday, July 23, or when can announcement is released to the market.
Canyon Resources drill results feature 8 metres at 56.7% aluminium oxide
Drilling was at the Agnes Plateau deposit within the Minim Martap project.
Canyon Resources DSO prospects improved by Cameroon port-rail tendering
A rail line can be diverted to run past Canyon’s flagship Minim Martap Bauxite Project to an expanded deepwater port in Cameroon.
Canyon Resources sees rail link advancing for bauxite project
The Cameroon government has completed an independent feasibility study on a rail extension.
Canyon Resources attracts experienced project manager to develop bauxite project
Canyon is developing a tier one direct shipping ore (DSO) bauxite project in Cameroon.
Lindian Resources appoints Shannon Green to the role of managing director
The company advises that current director Steve Formica has resigned from the board to pursue other business opportunities.
Canyon Resources intersects high-grade aluminium up to 50% at Minim Martap Bauxite Project
Further assays are pending from the Agnes, Raymonde, Gregorine and Danielle plateaux.
Investments and investor services
RIU Sydney Resources Roundup next week focuses on juniors and mid-caps
The event from Tuesday to Thursday will feature more than 70 presentations along with a large exhibition area.
Canyon Resources drills quality bauxite at Minim Martap
The drilling program aims to upgrade the 550 million tonne resource averaging 45.5% aluminium oxide and 2.06% silicon dioxide.
Canyon Resources in trading halt pending Minim Martap exploration results
The company’s securities will remain in a trading halt until the beginning of trade on Wednesday, April 17, 2019, or when an announcement is made to the market.
Canyon Resources identifies 70 bauxite targets through survey at Cameroon project
The company has assessed rail transport options using an existing rail network adjacent to the Minim Martap project and aims to provide a funding solution for the design, construction and operation of a rail link to the port of Kribi.
Canyon Resources study shows existing rail can move bauxite
The initial rail infrastructure assessment was conducted by multinational Mota Engil Africa.
Investments and investor services
Shortages in metals
Samso seeks to help clients with business development and public investor/relation needs. Samso has over 30 years of experience in developing business ideas and concepts in the Australasian region.
Canyon Resources identifies world-class high-grade bauxite resource in Cameroon
More than half of the bulk 550 million tonne resource at Minim Martap has very high-grade bauxite with very low total silica.
Investments and investor services
Best small-cap bauxite companies on the ASX - Canyon Resources and Metro Mining: Samso
Samso seeks to help clients with business development and public investor/relation needs. Samso has over 30 years of experience in developing business ideas and concepts in the Australasian region.
Canyon Resources raises $1.2 million from option conversion for bauxite project
The option exercised has resulted in 10 million shares being issued.
Canyon Resources strengthens board with project development experience
Steven Zaninovich was part of the executive team at Teranga Gold Corporation following its acquisition of Gryphon Minerals.
Canyon Resources begins drilling to test prospective high-grade bauxite areas at Minim Martap
The company’s chairman David Netherway, managing director Phillip Gallagher and advisor Tolga Kumova recently visited the site to review its exploration strategy.
Canyon Resources identifies high-grade bauxite trend at Minim Martap project
Upcoming drilling at the high-grade targets will aim to define a resource of more than 200 million tonnes at over 50% bauxite.
Canyon Resources upgrades Minim Martap bauxite resource to JORC 2012 classification
The company aims to further increase the size of its resource by targeting untested, potentially high-grade zones.
Canyon Resources upgrades half a billion tonnes of high-grade bauxite resource
The Minim Martap bauxite is suitable for processing in low temperature refineries.
Canyon Resources raises $5 million to advance bauxite project in Cameroon
Funds will be used to further develop the Minim Martap Bauxite Project and define an initial mineral resource.
Canyon Resources granted exploration permits for bauxite project in Cameroon
The company intends to upgrade the mineral resource and begin pre-feasibility work.
Kore Potash also intends to seek secondary listing on Johannesburg Stock Exchange main board
The company said its JSE listing is planned at or around the same time as its intention to list on the London Stock Exchange’s AIM market, with both likely to be completed early in 2018