Canyon Resources Advances Bauxite Project and Leadership

Canyon Resources Limited (AU:CAY) has released an update.

Canyon Resources Limited reports robust progress on its Minim Martap Bauxite Project in Cameroon, with ongoing exploration and drilling programs. The company is advancing towards a definitive feasibility study, enhancing infrastructure, and has appointed Mr. Mark Hohnen as Executive Chairman to leverage his mining sector expertise. With active discussions for a mining permit and a healthy cash balance of AUD $27.6 million, Canyon is positioning itself for strategic growth in the bauxite market.

For further insights into AU:CAY stock, check out TipRanks’ Stock Analysis page.