Canyon Resources Limited (ASX:CAY)
Canyon Resources Limited (ASX:CAY) is expediting the development of the very high grade Minim-Martap Bauxite project in Cameroon in a pragmatic, staged and sensitive way, recognising the priorities of the local communities and national stakeholders and the environment.
Canyon is planning the multi-stage development of the Project beginning with a two-Stage, two-Port execution programme with initial very high grade direct shipping ore production exported though the port of Douala utilising the existing rail and port infrastructure. Stage-2 will unlock tonnes and reduce costs by utilizing the port of Kribi. Stages 3 and beyond include domestic refining to produce non-metallic and metallic alumina and by-products.
Stage-1 is the focus of the development engineering to provide the platform for growth and is defined by a robust Pre-Feasibility Study.