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Canyon Resources Limited ( (AU:CAY) ) has provided an update.
Canyon Resources Limited has released a presentation discussing the feasibility and future strategies for its Minim Martap Bauxite Project. The company highlights the potential risks and uncertainties associated with the project, emphasizing that there is no guarantee of its successful development or operation. Stakeholders are cautioned about the assumptions and projections made in the Definitive Feasibility Study, as actual outcomes may differ due to various factors such as funding challenges and market conditions.
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 operates in the mining industry, focusing on the development of bauxite projects. The company is primarily engaged in the exploration and development of the Minim Martap Bauxite Project, aiming to establish a global tier one bauxite operation.
Average Trading Volume: 483,119
Technical Sentiment Signal: Buy
Current Market Cap: A$473M
Find detailed analytics on CAY stock on TipRanks’ Stock Analysis page.