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The latest announcement is out from Canyon Resources Limited ( (AU:CAY) ).
Canyon Resources Limited has announced significant progress in the development of its Minim Martap Bauxite Project in Cameroon. The company is on schedule to commence mining operations in early 2026, with the first shipment of bauxite expected by June 2026. Key infrastructure developments, including the construction of an ore haulage access road and an Inland Rail Facility, are underway, with the project timeline remaining intact despite minor delays. The re-election of President Paul Biya has stabilized the political environment in Cameroon, facilitating a ‘business as usual’ approach for the project. This progress is crucial for Canyon’s strategic positioning in the bauxite industry and its stakeholders.
The most recent analyst rating on (AU:CAY) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Canyon Resources Limited stock, see the AU:CAY Stock Forecast page.
More about Canyon Resources Limited
Canyon Resources Limited is a company operating in the mining industry, primarily focusing on the exploration and development of bauxite resources. The company is actively engaged in the Minim Martap Bauxite Project located in Cameroon, aiming to establish a significant presence in the bauxite market.
Average Trading Volume: 1,372,179
Technical Sentiment Signal: Buy
Current Market Cap: A$381.5M
Find detailed analytics on CAY stock on TipRanks’ Stock Analysis page.