Canyon Resources Unit Secures Access to Land at Port of Douala in Cameroon

MT Newswires Live

May 01, 2025

Canyon Resources (ASX:CAY) said Wednesday that its wholly-owned unit, Camalco Cameroon, received approval from the Port Authority of Douala to secure access to the land at the Port of Douala in Cameroon.

Detailed design for bauxite port loading infrastructure has now started, according to a statement.

The agreement allows Canyon to transport and store up to 6 million tonnes per annum of bauxite ore, and the design work currently being developed aims to expand production in phases up to 10 million tonnes per annum.

Securing access to the port area is the final condition precedent for the firm's major and long-term shareholder Eagle Eye Asset Holdings to exercise its 500 million options, which are priced at AU$0.07. It expects Eagle Eye to exercise these options in May.

The final investment decision for the firm's Minim Martap bauxite project is for the June quarter.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2532019285"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2532019285\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2532019285?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-01 08:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2532019285","market":"hk","top_or_hot":-1,"title":"Canyon Resources Unit Secures Access to Land at Port of Douala in Cameroon","media":"MT Newswires Live","content":"<html><body><p> Canyon Resources (ASX:CAY) said Wednesday that its wholly-owned unit, Camalco Cameroon, received approval from the Port Authority of Douala to secure access to the land at the Port of Douala in Cameroon.</p><p>Detailed design for bauxite port loading infrastructure has now started, according to a statement.</p><p>The agreement allows Canyon to transport and store up to 6 million tonnes per annum of bauxite ore, and the design work currently being developed aims to expand production in phases up to 10 million tonnes per annum.</p><p>Securing access to the port area is the final condition precedent for the firm's major and long-term shareholder Eagle Eye Asset Holdings to exercise its 500 million options, which are priced at AU$0.07. It expects Eagle Eye to exercise these options in May.</p><p>The final investment decision for the firm's Minim Martap bauxite project is for the June quarter.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Canyon Resources Unit Secures Access to Land at Port of Douala in Cameroon</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCanyon Resources Unit Secures Access to Land at Port of Douala in Cameroon\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-05-01 08:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Canyon Resources (ASX:CAY) said Wednesday that its wholly-owned unit, Camalco Cameroon, received approval from the Port Authority of Douala to secure access to the land at the Port of Douala in Cameroon.</p><p>Detailed design for bauxite port loading infrastructure has now started, according to a statement.</p><p>The agreement allows Canyon to transport and store up to 6 million tonnes per annum of bauxite ore, and the design work currently being developed aims to expand production in phases up to 10 million tonnes per annum.</p><p>Securing access to the port area is the final condition precedent for the firm's major and long-term shareholder Eagle Eye Asset Holdings to exercise its 500 million options, which are priced at AU$0.07. It expects Eagle Eye to exercise these options in May.</p><p>The final investment decision for the firm's Minim Martap bauxite project is for the June quarter.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CAY.AU","symbol_name":"CANYON RESOURCES LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2532019285","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2532019285","pubTimestamp":1746058928,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Canyon Resources  said Wednesday that its wholly-owned unit, Camalco Cameroon, received approval from the Port Authority of Douala to secure access to the land at the Port of Douala in Cameroon.Detailed design for bauxite port loading infrastructure has now started, according to a statement.The agreement allows Canyon to transport and store up to 6 million tonnes per annum of bauxite ore, and the design work currently being developed aims to expand production in phases up to 10 million tonnes per annum.Securing access to the port area is the final condition precedent for the firm's major and long-term shareholder Eagle Eye Asset Holdings to exercise its 500 million options, which are priced at AU$0.07. It expects Eagle Eye to exercise these options in May.The final investment decision for the firm's Minim Martap bauxite project is for the June quarter.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CAY.AU":"CANYON RESOURCES LTD","BK7104":"黄金"},"translate_title":"峡谷资源部门获得喀麦隆杜阿拉港的土地使用权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAY.AU":0.9},"content_text":"Canyon Resources (ASX:CAY) said Wednesday that its wholly-owned unit, Camalco Cameroon, received approval from the Port Authority of Douala to secure access to the land at the Port of Douala in Cameroon.Detailed design for bauxite port loading infrastructure has now started, according to a statement.The agreement allows Canyon to transport and store up to 6 million tonnes per annum of bauxite ore, and the design work currently being developed aims to expand production in phases up to 10 million tonnes per annum.Securing access to the port area is the final condition precedent for the firm's major and long-term shareholder Eagle Eye Asset Holdings to exercise its 500 million options, which are priced at AU$0.07. It expects Eagle Eye to exercise these options in May.The final investment decision for the firm's Minim Martap bauxite project is for the June quarter.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}