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Canyon Resources Limited ( (AU:CAY) ) has issued an announcement.
Canyon Resources has confirmed that development of its Minim Martap Bauxite Project in Cameroon is on schedule, with the surface miner already in-country and mining operations slated to begin in February 2026. Key logistics milestones are progressing, including the expected Q1 2026 delivery of locomotives and wagons, commencement of ore haulage from the Inland Rail Facility to the Port of Douala in Q2 2026, and a first bauxite shipment targeted for late June 2026. Supporting infrastructure work such as haul road upgrades, dredging of the access channel to the Port du Bois berth, and transhipping contract awards are advancing in line with the project timeline, while senior operational appointments have been made and the alumina refinery feasibility study has reached 45% completion, underscoring the company’s push toward near-term production and downstream growth.
The most recent analyst rating on (AU:CAY) stock is a Hold with a A$0.18 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 ASX-listed mining company focused on developing the Minim Martap Bauxite Project in Cameroon, targeting the production and export of bauxite through an integrated mine, rail and port logistics chain. The company is also advancing an alumina refinery feasibility study as it positions itself within the global aluminium raw materials supply market.
Average Trading Volume: 1,139,914
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$433M
For a thorough assessment of CAY stock, go to TipRanks’ Stock Analysis page.