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Canyon Resources sees benefits in two-stage development for bauxite project

A two-stage development plan could result in lower start-up capex and a faster pathway to bauxite production.

Canyon Resources Ltd - Canyon Resources sees benefits in two-stage development for bauxite project
An interim PFS or scoping study, is due to be released in the coming weeks

Canyon Resources Ltd (ASX:CAY) has identified the potential for a two-stage, two-port project development pathway for its flagship Minim Martap Bauxite Project in Cameroon.

Under the plan, stage one would export bauxite ore through the Douala Port utilising the existing rail infrastructure in its current configuration.

Stage two would utilise a proposed rail link to the Kribi Deep Water Port resulting in higher tonnage rail transportation and direct ship loading.

The advantage of the two-stage, two-port strategy is the opportunity for Canyon to be in production and exporting bauxite ore while the stage two infrastructure is being constructed.

Scoping study will evaluate two-stage strategy

Canyon’s project director James Durrant said: “Minim Martap continues to show its potential as a strategic global asset for major refiners looking to secure alternate streams of long-term, high-grade bauxite.

“The optimisation results demonstrate the potential viability of the resource to produce product early via a two-stage, two-port strategy from consolidated infrastructure, maximising project value.

“Whilst continuing good progress on the PFS we are now working to complete an initial scoping study in the coming weeks on the viability of the two-stage approach to the project that will allow us to accelerate the development of the Minim Martap Project.”

Resource areas grouped for two stages

Canyon has been able to group the various areas of the JORC resource into stage one and stage two clusters.

Optimisation work has identified a cluster of high-grade, low-contaminant bauxite resource areas (known as plateaux) as being suitable for the commencement of mining operations.

The stage one areas allow for simple and consolidated infrastructure aimed at minimising capex whilst also potentially maximising early beneficial returns to the project.

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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...

1 week, 2 days ago

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