Developing the Tier One Minim Martap Bauxite Project
Located in Cameroon, Minim Martap is one of the world’s richest bauxite deposits.
Canyon is developing Minim Martap as a long-life, global-scale project scheduled for first production in 1H 2026.
144 million tonne
Reserve at 51.2% Al2O3 & 1.7% SiO2
US$835 million
NVP (pre-tax)
1.1 billion tonne
Resource
FULLY FUNDED
TO PRODUCTION
Minim Martap
Canyon Resources is rapidly progressing the world-class Minim Martap Bauxite Project to production. Minim Martap is Canyon’s flagship asset, containing more than one billion tonnes of high-grade bauxite and low reactive silica, which is suitable for both low and high-temperature alumina refinery technologies.
The Project is located in central Cameroon near the main rail line linking the region to the Atlantic port of Douala. Since receiving its Mining Licence in late 2024, Canyon has secured access to critical rail and port infrastructure, significantly derisking the Company’s mine-to-port logistics strategy and with the recently raised US$160M debt and equity funding in place, Canyon has sufficient funding to commence operations in early CY2026 and make first shipment of bauxite in 1H 2026.
Led by Chief Executive Officer Peter Secker and Executive Chairman Mark Hohnen, Canyon has assembled a sector-leading team that brings more than 200 years of combined experience across global jurisdictions project lifecycles. Canyon’s major shareholder and strategic partner, Eagle Eye Asset Holdings, has played a critical role in providing both debt and equity funding to advance the Company’s critical workstreams.
Canyon will bring Minim Martap online at a time when market fundamentals and demand for high-quality bauxite are very strong. Aluminium plays a key role in the clean energy transition and demand is set to rise significantly in the coming decades, reaching 335Mt by 2050 (+4.2% 2020-20501 CAGR). Importantly, due to impressive characteristics and high-grade nature of the bauxite from Minim Martap (51% Al2O3 and 2% Si), Canyon will command a price premium over standard Guinea bauxite.
China accounts for approximately 60% of global bauxite demand, and 65% of this demand is met by imports. Chinese domestic mines are characterised by resource depletion and grade deterioration. With growing demand from the Middle East and India, Canyon will be in a strong and unique position to quickly become a key supplier of high-quality bauxite ore to the world’s major producers of aluminium.