Canyon Resources’ Minim Martap bauxite project in Cameroon has hit a fresh financing hurdle after AFG Bank Cameroon suspended further drawdowns under the project’s loan facility, prompting the company to withdraw its previously announced first-shipment timeline. The development comes as Canyon also...
Canyon Resources has requested a voluntary trading halt in its securities on the Australian Securities Exchange as it prepares an update on the development schedule and funding position of its Minim Martap Bauxite Project in Cameroon. The halt will remain in place until the planned announcement is...
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Seventy additional bauxite plateaux have been recently discovered by Canyon Resources Limited across three permits at Minim Martap project, according to Proactive Investors report. Canyon used a light imaging, detection and ranging (LiDAR), and high-resolution ortho-photographic survey to identify...
Canyon Resources Limited’s Managing Director Philip Gallagher has reportedly confirmed that the existing Camrail rail network located adjacent to Minim Martap Project is capable to transport commercial tonnages of bauxite to Cameroon’s largest city, Douala. This he confirmed after completing an...
Once again, Canyon Resources Ltd. has reportedly identified a world-class high-grade bauxite zone within its Minim Martap project in Cameroon. The last time when Canyon had found a cluster of high-grade, low-containment bauxite trend within the same project was in November 2018. The recently-found...
TSX-V-listed Altus Strategies has reportedly reached a Joint Venture Termination agreement and a Sale & Purchase agreement with ASX-listed Canyon Resources, which dictate the dissolution of their existing partnership dated back to December 23, 2013. Per the agreements, Altus will transfer all of...
Canyon Resources has reportedly appointed Steven Zaninovich as a non-executive director to strengthen its board with project development. Zaninovich comes with over 25 years of experience in the mining industry working in the development of multiple mining operations across various commodities and...
Above a month after identifying a cluster of high-grade, low-containment bauxite within the existing resource at Minim Martap Project in November, Canyon Resources Limited has now reportedly started initial aircore drilling and exploration campaign at the site. Canyon’s own aircore drill rig and a...
Canyon Resources Ltd. discovered a cluster of high-grade, low-containment bauxite trend within its existing resource at Minim Martap Project in Cameroon, said the company’s chief geologist Alexander Shaw. The company reportedly identified this bauxite trend through detailed analysis of remote...
The Australia-based bauxite explorer Canyon Resources announced on November 5 that it appointed a leading mining entrepreneur Mr. Tolga Kumova, who ranked no. 26 on Financial Review’s Young Rich List this year, for the role of strategic advisor. As per the job role assigned, Mr. Kumova will help...
Canyon Resources Limited has reportedly upgraded the JORC 2004 resource for its Minim Martap Bauxite Project in the Adamawa region of Cameroon, alongside Canyon’s existing Birsok Bauxite Project, to a JORC 2012 compliant resource. The resource has 550 million tonnes of an average grade of 45.5 per...
According to a report from Proactiveinvestors Australia, Canyon Resources Ltd has raised $5 million from institutional and sophisticated investors. They raised the fund through a heavily oversubscribed share placement comprising of more than 32.2 million shares at a price of 15.5 cents each. The...
Canyon Resources has moved a drill rig on to its bauxite project in Cameroon to follow up promise from earlier drilling that saw grades of bauxite encountered as high as 50% Al2O3 and low silica. Drilling will test 15 newly defined targets over the Mandoum and Birsok permits before the onset of the...
Canyon Resources has been granted an ASX trading halt in relation to a capital raising. The halt will last until the earlier of the announcement being made or the start of trade on Friday, 8th May 2015. Canyon is focused on advancing development of the Birsok Bauxite Project in Cameroon. During the...
Bauxite focussed Canyon Resources is preparing to outline details of a capital raising. The ASX has granted the company a trading halt, with its shares placed in pre-open. The company's key project is the Birsok Bauxite Project in Cameroon, with the inaugural drilling program returning high-grade,...
Canyon Resources Ltd plans to produce bauxite in the Birsok project which involves two permits for a surface area that spans 1,460 km2 in Cameroon. The last set of samples collected during the reconnaissance drilling on Baoua, a 700 by 350 metre plateau yielded “the best results” of the drilling...
Canyon Resources Ltd has alleged locating a large bauxite deposit in the Birsok project, in the centre of Cameroon, that it is in the way to having 75%, following a joint agreement, struck in late 2013, with the British company, Altus Strategies Ltd. In the research report published on July 23, the...
Canyon Resources has agreed to raise up to $315,000 by way of a placement of shares to fund exploration at its flagship Birsok bauxite project in Cameroon. The 7 million new shares will be priced at $0.045, with free attaching options with an exercise price of $0.06 each and expiry date of 31...
Canyon Resources has commenced First phase drilling on its 75% owned Birsok Bauxite Project in Cameroon, targeting high grade DSO bauxite mineralisation. Up to 4,000 metres of drilling is planned to test the width and extent of bauxite mineralisation across priority target areas. The program will...
Canyon Resources has released an activities report for the quarter ended 31 March 2014. Clearing work began on the Birsok Bauxite project, in Cameroon, to prepare for the first phase drilling programme. 90% of the rock chip samples taken from the project area have returned over 50% aluminium oxide...
