Canyon Resources LimitedASX: CAY

Minim Martap Bauxite Project in Cameroon Granted

· Issued by Canyon Resources Limited

Filed with ASX · · 17 pages · English

Summary by 6ix AI

Canyon Resources Limited has announced that it has been granted exploration permits for the Minim Martap Bauxite Project in Cameroon, following negotiations with the government. The project is noted for its large, high-grade, low-impurity bauxite deposit, which has the potential to significantly increase resource tonnage. Canyon plans to upgrade the existing resource to comply with the JORC Code and commence pre-feasibility work. The project is strategically located near existing rail and port infrastructure, enhancing its development potential.

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