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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Canyon has been initiating a strong position over significant high-grade bauxite resources in Cameroon in recent years. Canyon Resources Ltd freshly published a scoping study supporting a simple and successful mining operation in two junctures at its Minim Martap Bauxite Project in Cameroon. Stage...
Canyon Resources, which is planning to develop its Minim Martap Bauxite Project in Cameroon in two stages, has recently released a scoping study supporting a simple and effective stage one mining operation. The scoping study reveals that stage one would be a self-supporting bauxite mining operation...
Canyon Resources released a resource upgrade for its Minim Martap Bauxite Project in Cameroon on Friday, September 27. The company reported 62% increase in total tonnage and 850% increase in the Indicated Resource component. The project now has a total resource estimate of 892 million tonnes with...
Canyon Resources Limited has recently found high-quality results from aircore drilling at Ngaoundal within Minim Martap Bauxite Project, a World Class, Tier One Bauxite asset in Cameroon. Results averaged 43.5% aluminium oxide and 1.05% silicon dioxide for the 49 aircore holes drilled at the three...
Canyon Resources Limited has reportedly acquired a fund of $4 million for the pre-feasibility study (PFS) development stage of Minim Martap Bauxite project in Cameroon. Canyon has successfully raised the fund by way of a private placement of shares to sophisticated and professional investors at an...
Canyon Resources Limited continues to conduct aircore drilling over the Minim Martap Project, a World Class, Tier One Bauxite asset in Cameroon, and recently discovers high-quality results yet again, according to a report. The drilling was conducted on the Agnes Plateau from where Canyon discovered...
Canyon Resources Limited has announced the appointment of James Durrant as Project Development Manager for the Minim Martap Bauxite Project in Cameroon. James Durrant is an experienced operations leader, project developer and technical marketing manager bringing relevant industry experience from...
Lindian Resources Limited has reportedly taken a new managing director on board, named Shannon Green, an experienced bauxite executive with more than 20 years of resource development and mining operations. He recently served Canyon Resources Limited as general manager, where he played an...
According to the latest report, Canyon Resources Limited has divided high-grade aluminium up to 50 per cent at its Minim Martap Bauxite Project in Cameroon, where drilling is continuing to identify profiles with an increased depth of mineralisation. In some locations, drilling is being carried out...
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...
