viewCanyon Resources Ltd

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.

Quick facts: Canyon Resources Ltd

Price: 0.14 AUD

Market: ASX
Market Cap: $69.88 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Canyon Resources Ltd named herein, including the promotion by the Company of Canyon Resources Ltd in any Content on the Site, the Company...



Full interview: Canyon Resources adds bauxite operational expertise to...

Canyon Resources Limited (ASX:CAY) has taken another big step on the path to developing the world-class Minim Martap Bauxite Project in Cameroon through the appointment of Rick Smith as chief development officer. The company’s managing director Phil Gallagher introduces the new officer to...

on 3/3/20

2 min read