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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. 

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Price: 0.135 AUD

ASX:CAY
Market: ASX
Market Cap: $63.98 m
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Canyon Resources releases scoping study supporting simple and effective...

Canyon Resources Ltd (ASX:CAY) managing director Phillip Gallagher updates Proactive on positive scoping study results for the company’s top-tier world-class Minim Martap Bauxite Project in Cameroon, West Africa. The study supports a simple, low-cost but effective standalone stage one mining...

on 29/11/19

2 min read