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Canyon Resources Ltd

Canyon Resources confirms existing railway can transport Minim Martap bauxite ore

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 that it has the capacity to transport commercial tonnages of bauxite to Cameroon’s largest city, Douala.
 
A proposed rail extension is also being investigated from Douala to the Kribi Deep Water Port. 
 
Minim Martap has one of the highest-grade bauxite deposits globally, confirmed by the recently-announced inferred resource of 250.9 million tonnes at 50.8% aluminium oxide and 1.9% silica.

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

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%...

on 19/12/18

2 min read