Canyon Resources Limited (ASX:CAY)
Canyon Resources Limited is an Australia-based company, which is engaged in bauxite exploration and engineering studies. The Company is focused on the development of the Minim-Martap Bauxite Project, a direct shipping ore (DSO) project development opportunity in central Cameroon. The Minim Martap Project is a bauxite deposit located in the Adamawa region of Cameroon. The project encompasses two deposits, namely the Ngaoundal and Minim Martap deposits, which are located approximately 25 kilometers of each other. The total area of the permits is approximately 1,349 square kilometers. The Company’s other projects include Birsok Project and Burakina Faso Project. The Birsok Project is located in central Cameroon and is contiguous to Minim Martap bauxite deposit. The Burakina Faso Project accounts for West Africa’s greenstone belt exposure. These belts cover approximately 3,000 square kilometers, making the area’s exploration potential.