Canyon Resources Says Cameroon Unit Received Locomotives Delivery; Non-Executive Chairman to Retire; Shares Down 5%

MT Newswires Live

06/26

Canyon Resources (ASX:CAY) said its subsidiary in Cameroon has received a delivery of locomotives to support development activities at the local Minim Martap bauxite project, according to a Friday filing with the Australian bourse.

Mining at the project is due to start in the third quarter, while the first bauxite shipment from Minim Martap remains on track for the fourth quarter, per the filing.

Additionally, the company said Mark Hohnen will retire as its non-executive chairman, effective Aug. 25.

Canyon Resources shares fell nearly 5% in recent Friday trade.

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