Minim Martap Project - Bauxite
Canyon acquired a three-year exploration licence over The Minim Martap Project (The Project), a World Class, Tier One Bauxite asset in the Adamawa region of Cameroon, in August 2018. The Project is located alongside Canyon’s Birsok Bauxite Project and nearby to an existing operating rail line.
The Project encompasses two main deposits, Ngouandal and Minim Martap, located within 25km of each other. The exploration permits cover a total of 1,349 km2 and incudes a JORC (2012) resource estimate of 550MT at an average grade of 45.5% Al2O3 and 2.06% SiO2 (see Table 1). Canyon has identified a high-grade trend of bauxite plateaux within the Minim Martap permit and this will be focus for exploration in 2019.
Previous work completed by Canyon Resources on the contiguous Birsok Project, has given the Company a strong understanding of the physical and geochemical characteristics of the regional bauxite plateaux. The bauxite is generally high alumina, low total and reactive silica, high gibbsite, low boehemite and low other contaminants.
The Minim Martap Project has significant potential to increase the scale of the existing resource as only approximately 30% of the bauxite plateau within the Project area have been tested.
In March 2018, the Kribi Deep Seaport, was commissioned at Kribi on the south west coast of Cameroon. At a cost of $1.3 billion, it is considered to be the largest port infrastructure along the West African coast and can receive two, 290 metre commodity vessels at any one time.