Canyon Resources received port access approval in Cameroon for bauxite transportation, positive.

From GlobeNewswire: 2025-04-30 01:28:00

Canyon Resources Limited has received approval for port access in Douala, Cameroon, allowing for bauxite transportation and storage. Detailed design work is underway to expand production to 10Mtpa, with the first bauxite shipment scheduled for 1H 2026. The completion of the port access agreement is a key milestone for the Minim Martap Bauxite Project, reducing start-up capex. This achievement, along with rail access and Inland Rail Facility approval, derisks the project’s logistics strategy. Canyon’s major shareholder, EEA, is expected to exercise its options in May, further advancing the project towards production.

The announcement by Canyon Resources Limited marks a significant step forward in the development of the Minim Martap Bauxite Project in Cameroon. With efficient port infrastructure secured, Canyon can now transport high-quality bauxite ore to the market. The completion of the port access agreement is crucial for EEA to exercise its options and accelerate production. The Company’s two-stage development strategy aims to make the first bauxite shipment in the first half of 2026. Canyon’s equity stake in key infrastructure networks enhances production scalability and aligns with increasing global demand for bauxite.



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