Canyon Resources Advances Minim Martap Bauxite Project with US$835M NPV and 29% IRR, First Shipment Expected in 2026

Reuters

Sep 02, 2025

Canyon Resources Advances Minim Martap Bauxite Project with US$835M NPV and 29% IRR, First Shipment Expected in 2026

Canyon Resources Limited has announced progress on its Minim Martap Bauxite Project in Cameroon, with project construction having commenced in July 2025. The company aims for the first shipment in the first half of 2026, supported by a recently secured funding package comprising US$140 million in debt from AFG Bank Cameroon and A$25.4 million in equity from Eagle Eye Asset Holdings. The project boasts a world-class bauxite resource with a high-grade 51% Al2O3 Ore Reserve, offering significant economic potential. Key infrastructure developments include the Inland Rail Facility for ore transfer and road upgrades. The project has a net present value of US$835 million and an internal rate of return of 29%. Further work is anticipated to finalize project contracts and potentially conduct additional testwork on the ore's properties.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canyon Resources Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9521462-en) on September 02, 2025, and is solely responsible for the information contained therein.

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.

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The company aims for the first shipment in the first half of 2026, supported by a recently secured funding package comprising US$140 million in debt from AFG Bank Cameroon and A$25.4 million in equity from Eagle Eye Asset Holdings. The project boasts a world-class bauxite resource with a high-grade 51% Al2O3 Ore Reserve, offering significant economic potential. Key infrastructure developments include the Inland Rail Facility for ore transfer and road upgrades. The project has a net present value of US$835 million and an internal rate of return of 29%. Further work is anticipated to finalize project contracts and potentially conduct additional testwork on the ore's properties.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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The company aims for the first shipment in the first half of 2026, supported by a recently secured funding package comprising US$140 million in debt from AFG Bank Cameroon and A$25.4 million in equity from Eagle Eye Asset Holdings. The project boasts a world-class bauxite resource with a high-grade 51% Al2O3 Ore Reserve, offering significant economic potential. Key infrastructure developments include the Inland Rail Facility for ore transfer and road upgrades. The project has a net present value of US$835 million and an internal rate of return of 29%. Further work is anticipated to finalize project contracts and potentially conduct additional testwork on the ore's properties.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canyon Resources Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9521462-en) on September 02, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NDAQ","symbol_name":"纳斯达克OMX交易所","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250902:nNDL5xLwrQ:1","article_id":"2564887888","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2564887888","pubTimestamp":1756788817,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Canyon Resources Limited has announced progress on its Minim Martap Bauxite Project in Cameroon, with project construction having commenced in July 2025. 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The company aims for the first shipment in the first half of 2026, supported by a recently secured funding package comprising US$140 million in debt from AFG Bank Cameroon and A$25.4 million in equity from Eagle Eye Asset Holdings. The project boasts a world-class bauxite resource with a high-grade 51% Al2O3 Ore Reserve, offering significant economic potential. Key infrastructure developments include the Inland Rail Facility for ore transfer and road upgrades. The project has a net present value of US$835 million and an internal rate of return of 29%. Further work is anticipated to finalize project contracts and potentially conduct additional testwork on the ore's properties.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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