Canyon Resources Ltd completes pre-feasibility study for the Minim Martap Bauxite Project in Cameroon

Canyon Resources Ltd announced that the company has completed a pre-feasibility study for the Minim Martap Bauxite Project in Cameroon, West Africa. The company 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.

Canyon managing director Phillip Gallagher said: “The PFS outlines a fast-track to production at Minim Martap and underlines the project’s potential to supply strategic project partners with high-quality bauxite over a long mine life.

“Interest in the project and demand for our product has been very encouraging and delivery of the PFS will support more detailed discussions with a range of potential partners as we look to move forward with its development.”

The mine will start at 4 million tonnes per annum before ramping up to 5 million tonnes in line with the rail axle load increase from 17 to 20 tonnes per axle, which is part of the ongoing rail upgrades under construction by the Cameroon Government, the company said,

The company is in discussion with potential partners to accelerate development timeline.

Canyon director of projects James Durrant said: “The PFS defines a technically and commercially robust project which offers definition of a long-term, exceptionally high-grade bauxite product mined from Minim Martap.

“The consistent high quality of the bauxite mined offsets the cost of rail haulage, supports efficient refining by the end-user and sets the platform for further upside potential in resource expansion and product development.”