Canyon Resources Limited (ASX:CAY)

Phillip Gallagher
Market Cap (AUD): 32.28M
Sector: Materials
Last Trade (AUD): 0.049 +0 (+6.52%)
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1. About

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.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk