Minim Martap Project - Bauxite

Project Background

Canyon’s Minim Martap bauxite project is a global tier one bauxite asset with exploration upside. Canyon has delineated a Mineral Resource of 892Mt at 45.1% ,Al2O3 2.8% SiO2 (JORC 2012) at Minim Martap including a high-grade, low contaminant Indicated resource of 431Mt at 48.8% Al2O3, 2.6% SiO2 (total) which contains substantial zones of >50% Al2O3.

Less than 50% of the project’s bauxite plateau have been explored to date, providing potential to further grow this resource.

The Project encompasses two main deposits, Ngouandal and Minim Martap, located within 25km of each other. The exploration permits cover a total of 1,349km2. Minim Martap is adjacent to Canyon’s Birsok Bauxite Project and nearby to an existing operating rail line. Canyon is exploring logistical options for the project, including transporting bauxite to the Kribi deepwater port.

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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.

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