Canyon Resources Enhances Minim Martap Bauxite Project with Strategic Infrastructure Investments
Canyon Resources is advancing the Minim Martap bauxite project by increasing stakes in key infrastructure operators and progressing trial mining, targeting its first shipment for late Q3 2026. Key developments include a boosted stake in Camrail and Port of Douala, enhancing logistical capabilities.
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Canyon Resources (ASX: CAY) has increased its investment in logistics for the Minim Martap bauxite project, aiming for its initial bauxite shipment in late September 2026. The company raised its stake in Camrail from 9.1% to 26.9% and acquired a 42.8% interest in Terminal Bois du Port de Douala S.A., totaling approximately XAF 10.2 billion and CFA 347.4 million, respectively.
Trial mining is scheduled for mid-Q2 2026, with surface mining equipment already mobilized. Infrastructure preparations include tracklaying at the Inland Rail Facility and bulk earthworks at the Port of Douala. Execution risks remain, particularly regarding logistics and offtake finalizations, which could impact project timelines.
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