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Canyon Resources Limited ( (AU:CAY) ) has issued an update.
Canyon Resources Limited announced an investor webcast and conference call to discuss the results of the Definitive Feasibility Study (DFS) for its Minim Martap Bauxite Project. The presentation, led by CEO Peter Secker, will outline the DFS results and future plans as the company aims to start production in early 2026, with the first shipment expected in the first half of 2026. This announcement marks a significant step in Canyon’s strategic plan to establish itself as a key player in the bauxite market, potentially impacting its operational capabilities and positioning within the industry.
The most recent analyst rating on (AU:CAY) stock is a Buy with a A$0.35 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 leading developer in the bauxite industry, focusing on the development and production of bauxite, a primary raw material for aluminum production. The company is working towards commencing production at its Minim Martap Bauxite Project, with a market focus on the aluminum industry.
Average Trading Volume: 483,119
Technical Sentiment Signal: Buy
Current Market Cap: A$473M
See more insights into CAY stock on TipRanks’ Stock Analysis page.