Canyon Resources (ASX:CAY) said it appointed a mining contractor and ore haulage contractor scheduled to mobilize to the Minim Martap bauxite project in Cameroon by the end of the year to commence mine production in the first quarter of 2026, according to a Monday Australian bourse filing.
It began a feasibility study into the development of a value-adding alumina refinery, leveraging the benefits of its low-silica, high-grade ores.
It appointed the main road construction contractor that will be responsible for upgrading the haulage road for the project.
The firm's shares rose 8% in recent trading on Monday.
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.