Canyon Resources has reported a 33% increase in DSO grade Ore Reserves at the Minim Martap bauxite project in Cameroon, with 144Mt of ore at 51.2% Al2O3 and 1.7% SiO2 over a 20-year mine life. Production is set to begin in Q1 2026, with a staged development strategy to reduce initial capital costs. The project has a pre-tax NPV of US$835M and an IRR of 29%. Canyon has acquired a 9.1% stake in Camrail, the rail operator, to support the project’s development, with first equipment deliveries scheduled for Q1 2026. An investor webinar will be held today at 11am AWST.

Read more at GlobeNewswire: Definitive Feasibility Study Results and Reserves Upgrade