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Canyon Resources Limited ( (AU:CAY) ) has shared an announcement.
Canyon Resources Limited has released a presentation concerning the feasibility and future prospects of its Minim Martap Bauxite Project. The announcement highlights the potential financial outcomes and strategic opportunities for the company, while also acknowledging the risks and uncertainties associated with the project’s development. Stakeholders are advised of the possible implications for the company’s market position and the need for careful consideration of investment decisions due to the inherent risks in mineral resource estimation and project financing.
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 focused on developing a global Tier One bauxite project. The company is involved in the mining industry, specifically targeting the extraction and production of bauxite, a key raw material used in aluminum production.
Average Trading Volume: 1,412,971
Technical Sentiment Signal: Hold
Current Market Cap: A$339.8M
See more data about CAY stock on TipRanks’ Stock Analysis page.