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The latest update is out from Canyon Resources Limited ( (AU:CAY) ).
Canyon Resources has reported steady progress on the Minim Martap Bauxite Project in Cameroon, with commissioning of its surface miner set for February 2026 and haul road upgrades on track to support first ore haulage to the Inland Rail Facility in the second quarter of 2026. While delays in locomotive component deliveries from CRRC Ziyang have pushed the maiden bauxite trial shipment to the third quarter and full-scale shipments to the fourth quarter of 2026, port access dredging at Douala is due to start in late first quarter and transhipping contracts are being finalised, underpinning the project’s export readiness. The company also continues to advance a feasibility study for an alumina refinery, targeted for completion in the third quarter of 2026, and is progressing negotiations to lift its stake in rail operator Camrail from about 9% to approximately 35%, a move aimed at strengthening control over key logistics infrastructure and supporting a more robust long-term production profile.
The most recent analyst rating on (AU:CAY) stock is a Hold with a A$0.20 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 the development of the Minim Martap Bauxite Project in Cameroon, targeting the production and export of bauxite to global alumina and aluminium markets. The company’s activities encompass mine development, related rail and port logistics infrastructure, and downstream value-add through a planned alumina refinery feasibility study.
Average Trading Volume: 1,039,423
Technical Sentiment Signal: Hold
Current Market Cap: A$391.8M
Learn more about CAY stock on TipRanks’ Stock Analysis page.