The company expects the trading halt will end on Monday, December 16 or when an announcement is made to market, whichever occurs earliest.
Scoping study to support low-cost bauxite operation
Canyon recently considered developing its Minim Martap Bauxite Project in Cameroon in two stages.
On November 26 the company released a scoping study supporting a simple and effective stage one mining operation.
Stage one is expected to be a self-supporting bauxite mining operation with a simple, low cost and fast track path to market using existing rail and port infrastructure.
Stage two is anticipated to unlock higher export volumes and lower operating cost via the installation of the Kribi rail extension allowing access to a deep-water port.