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11 AUGUST 2020 AL CIRCLE

Canyon announces maiden JORC 2012 ore reserve at 51.1% alumina for Minim Martap Bauxite Project

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

According to a recent report, Canyon Resources Limited has announced a maiden JORC 2012 ore reserve for its Minim Martap Bauxite Project in Cameroon, West Africa. The reserve is estimated to have 97.3 million tonnes of ore at 51.1 per cent alumina and 2.3 per cent silica.

Canyon announces maiden JORC 2012 ore reserve at 51.1% alumina for Minim Martap Bauxite Project

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This ore is based on the pre-feasibility study (PFS), which Canyon completed in early July. The company then confirmed project’s ability to produce high-quality, low-contaminant bauxite over a long mine life of at least 20 years via a multi-stage development.

Mine will start with a production rate of four million tonnes per annum for two years.

"The maiden ore reserve for the Minim Martap Project is the culmination of a great deal of work from all our teams around the world and sets the scene for the next exciting phase of the project," Director of Projects James Durrant said.

"We are now well on our way along the development curve for the project," he added.

Only 15 of the 78 Minim Martap plateaux have been drill tested so far and only three of those 15 have been included in the ore reserve.

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"We are very pleased to be able to confirm what we have started since the beginning: that this project can deliver a stable output of the highest grade bauxite product in the world for at lead two decades," said Canyon’s Managing Director Phillip Gallagher.


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EDITED BY : DEBANJALI SENGUPTA 2MINS READ

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