Canyon Resources Discloses Director Scott Phegan’s Exit and Lack of Shareholdings

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

Canyon Resources Limited has announced the departure of director Scott Phegan, effective 10 April 2026, in a regulatory filing to the ASX. The filing confirms that Phegan holds no relevant interests in Canyon’s securities, either directly, indirectly, or through any contracts, underscoring a clean break in his financial association with the company.

The disclosure complies with ASX listing rule 3.19A.3 and the Corporations Act, reinforcing Canyon’s adherence to governance and transparency requirements around director dealings. For shareholders and other stakeholders, the notice indicates that Phegan’s exit does not involve any changes to the company’s capital structure or insider ownership levels tied to his tenure.

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 an Australia-listed company, identified by ABN 13 140 087 261. The firm operates within the resources sector, though this notice focuses on governance and director interests rather than its specific projects or commodities.

Average Trading Volume: 962,064

Technical Sentiment Signal: Sell

Current Market Cap: A$293.9M

For detailed information about CAY stock, go to TipRanks’ Stock Analysis page.