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Canyon Resources Limited ( (AU:CAY) ) just unveiled an announcement.
Canyon Resources Limited has announced the commencement of Peter Secker as the new Chief Executive Officer, effective July 1, 2025. Secker, who has over 40 years of global mining experience, previously served as a strategic advisor and has been instrumental in advancing the company’s Minim Martap Bauxite Project. His leadership is expected to guide Canyon through its transition from development to production, with the first bauxite shipment anticipated in the first half of 2026. The company is strategically positioned to become a reliable supplier of bauxite, and the leadership transition is seen as a pivotal step in achieving this goal.
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 company operating in the mining industry, primarily focusing on the development and production of bauxite. Their flagship project is the Minim Martap Bauxite Project, which aims to position the company as a key supplier of high-quality bauxite.
Average Trading Volume: 601,811
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$412.1M
See more insights into CAY stock on TipRanks’ Stock Analysis page.