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.
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