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Canyon Resources Ltd

Canyon Resources confident in scale and high-grade of bauxite resource at Minim Martap

Canyon Resources Ltd (ASX:CAY) managing director Phil Gallagher speaks to Proactive Investors about the bauxite developer’s Minim Martap project in Cameroon.
 
“The project has an existing resource of over half a billion tonnes of high-grade bauxite of 46.5% with less than 2% reactive silica,” Gallagher says.
 
He continues “within that we were able to identify a resource of 49% bauxite which is very high-grade and in the current market high-grade bauxite is a highly desirable commodity."
 
The company has begun an initial aircore drilling and exploration campaign at Minim Martap targeting untested high-grade bauxite plateaux with the aim of increasing the already substantial resource. 

Quick facts: Canyon Resources Ltd

Price: $0.14

Market: ASX
Market Cap: $62.06 m
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Canyon Resources confirms existing railway can transport Minim Martap...

Canyon Resources Ltd (ASX:CAY) managing director Philip Gallagher updates Proactive Investors on the bauxite company’s development of its Minim Martap Bauxite Project in Cameroon.   An initial independent assessment of the existing rail network adjacent to the project concluded...

on 26/3/19

2 min read