Highlights Construction work ongoing on ore haulage access road, IRF and site access Locomotives delivery remains on schedule in first quarter 2026 Mining contractor has visited site confirming mobilisation schedule with mine development to commence in first quarter 2026 Project development timeline remains unchanged Project fully financed to Stage 1 production Incumbent President Paul Biya has been officially re-elected [...]
HIGHLIGHTS Ore Reserves Estimate Upgrade 33% increase in DSO grade Ore Reserves at Minim Martap to 144DMt of ore at 51.2% Al2O3 and 1.7% SiO2 over 20 year mine life High alumina grade of >51% and low silica content will command a long-term price premium of up to US$11/t over Guinea Standard bauxite Ore Reserves for both Makan and Ngoundal will be completed during H2, 2025 Production - Staged development to reduce initial [...]
Highlights Canyon has completed the first drawdown from its US$140 million Credit Facility with AFG Bank Cameroon Canyon secured the Credit Facility on excellent terms, demonstrating the confidence and standing of the Company's flagship Bauxite Minim Martap Project as a tier-one asset The first drawdown of XAF 15 billion before fees, will be used towards the purchase of rolling stock and progressing key infrastructure [...]
Highlights Groundbreaking ceremony kicks of the construction of the Inland Rail Facility and upgrade of the ore haulage access road The IRF and road are critical infrastructure projects for the transfer bauxite from the Minim Martap Mine to the Port of Douala Engineering work for rail and port infrastructure to start soon, and Canyon remains on track for start of production in early 2026 and first shipment in 1H 2026 [...]
Canyon Resources Ltd. is pleased to announce the appointment of Ms Adjou Ait Ben Idir as Non-Executive Director, as the Company continues to strengthen its team and work towards the commencement of operations at the flagship Minim Martap Bauxite Project, located in Cameroon, in early 2026. Based in Dubai, Ms Ait Ben Idir is a corporate finance and M&A lawyer, who brings more than 20 years of international experience [...]
Canyon Resources Ltd. is pleased to announce that Mr Peter Secker has officially commenced his role as Chief Executive Officer , effective 1 July 2025. Canyon announced the leadership transition for Mr Secker and former CEO Mr Jean Sebastien Boutet on February 5, 2025, when Peter joined the Company as a strategic advisor. During this time, Peter has played an instrumental role in supporting the management team and Board [...]
Highlights Credit facility secured from AFG Bank Cameroon , together with proceeds from the recent option exercise by Eagle Eye Asset Holdings Pte Ltd , has paved the way for the purchase of long lead items and appointment of key contractors Canyon in a strong position to commence production at the flagship Minim Martap Bauxite Project in early 2026 and make first bauxite shipment in 1H 2026 Locomotives order has been [...]
Canyon Resources Ltd. is pleased to announce that its wholly owned in-country subsidiary, Camalco Cameroon SA has signed a binding agreement with AFG Bank Cameroon for a medium-term syndicated credit facility of XAF 82,000,000,000 . Canyon will use the credit facility for the acquisition of locomotives, wagons, the development of rail, ore transport infrastructure and the port facility for the flagship Minim Martap [...]
Canyon Resources Ltd. is pleased to advise that it has received an option exercise notice to exercise 350 million options for $24.5m from its major shareholder, Eagle Eye Asset Holdings Pte Ltd . The Company will issue of 350 million fully paid ordinary shares to Eagle Eye following the exercise of the 350 million unquoted options at an exercise price of $0.07 each and after the receipt of $24.5 million expected by the [...]
Highlights: With port access approval in place, detailed design for bauxite port loading infrastructure has now commenced Final tenders received for mine development and road access upgrade to Inland Rail Facility Engineering design of IRF approximately 50% completed Evaluation of rail and port capacity upgrade from 6Mtpa to 10Mtpa now underway Port access approval is the final condition precedent for EEA to exercise its [...]
Canyon Resources Ltd. is pleased to announce that its wholly owned in-country subsidiary, Camalco Cameroon SA , has acquired the 5.3% equity interest in CAMRAIL SA from Total Energies Marketing Cameroun SA . Refer to the Company's ASX announcement dated 7 March 2025 for further information. The acquisition with Total Cameroon was finalised on 14 March 2025, following the internal approval by the Apex Committee of Total [...]
Canyon Resources Ltd. is pleased to announce that the Board of CAMRAIL SA has approved Total Energies Marketing Cameroun SA and Societe d'Exploitation des Bois du Cameroun to enter into two share sale agreements with the Company's wholly owned in-country subsidiary Camalco Cameroon SA . The agreements will see Camalco acquire a strategic 9.1% investment in Camrail as well as secure a position on the Camrail Board upon the [...]
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