Canyon Resources Ltd - CAY share price

About

Canyon Resources Limited is an Australian company focused on the development and exploration of bauxite resources. Its primary objective is to expedite the development of the Minim Martap Bauxite project in central Cameroon, which is owned by its subsidiary, Camalco. The Minim Martap project is a global direct shipping ore (DSO) project that has significant potential for development. It is located near the main rail line connecting the region to the Atlantic port of Douala, enabling efficient transportation of the bauxite. The Minim Martap project has an estimated production capacity of up to 6.4 million metric tons of bauxite per year. The project consists of the Makan and Ngaoundal research permits, as well as the Minim Martap permit. Additionally, Canyon Resources' portfolio includes the Birsok Bauxite Project, which encompasses the Birsok, Mandoum, and Mambal areas. The company operates through various subsidiaries, including Neufco Pty Ltd, Canyon West Africa Pty Ltd, Askia Sarl Pty Ltd, Canyon Derosa Pty Ltd, Canyon Cameroon Pty Ltd, Askia Minerals Sarl, Canyon West Africa Sarl, and CSO Sarl. Canyon Resources is dedicated to advancing its bauxite projects in Cameroon and maximizing their potential as valuable mining assets.