Workers with a Drill Rig. Source: Canyon Resources
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  • Canyon Resources (CAY) appoints Jean-Sebastien Boutet as its new Chief Executive Officer
  • The incoming CEO is said to be an experienced metals and mining executive with more than 16 years in the bauxite and aluminium industry
  • The new role will be effective from January 1st and will see Mr Boutet on a $400,000 base salary
  • Canyon founder and Managing Director, Mr Phillip Gallagher is set to transition to an Executive Director role and will assist Mr Boutet’s transition to CEO
  • Shares have been trading flat for 10 cents

Canyon Resources (CAY) has appointed Jean-Sebastien Boutet as its new Chief Executive Officer. 

The incoming CEO is said to be an experienced metals and mining executive with more than 16 years in the bauxite and aluminium industry. 

Most recently, he held senior positions with Alufer Mining and Alcoa Corporation and has experience in West Africa assisting the Guinea Mines Minister on the board of Compagnie Des Bauxites de Guinée.

The new role will be effective from January 1st and will see Mr Boutet on a $400,000 base salary. 

Canyon founder and Managing Director, Mr Phillip Gallagher is set to transition to an Executive Director role and will assist Mr Boutet’s transition to CEO.

The company said Mr Gallagher plans to continue to work closely with the team to transition the Minim Martap bauxite project in Cameroon into production. 

Mr Boutet joins the company as work is being concentrated towards financing and development of the Minim Martap project with key off-take and other commercial partnerships reportedly progressing.

According to the new CEO, the project is likely the highest-grade undeveloped bauxite deposit in the world and he said he’s excited to use his experience to assist with progressing to production.

“I am thrilled and highly motivated to join Canyon Resources at such a pivotal time in the development of the Minim Martap Project,” he said. 

Shares were trading flat for 10 cents at 9:55 am AEDT. 

CAY by the numbers
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