Canyon Resources Limited (ASX: CAY) is developing the world-class Minim Martap bauxite project in Cameroon, which contains over 1 billion tonnes of high-grade, low contaminant bauxite and has exploration upside.
The project is supported by a Bankable-Feasibility Study, underpinned by a large and high-grade Mineral Resource estimate. A initial 20-year Life of Mine Ore Reserve has been defined in June 2022.
Canyon Resources 100% owned Minim Martap Bauxite project is a globally significant direct shipping ore (DSO) project development opportunity. The project is located in central Cameroon and situated near the main rail line linking the region to the Atlantic port of Douala.
** Refer to ASX Announcement 1 July 2020, 11 May 2021 and 25 May 2021