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The latest update is out from Canyon Resources Limited ( (AU:CAY) ).
Canyon Resources Limited has announced a strategic funding package worth A$215 million to support the commencement of production at its Minim Martap bauxite project, with the first shipment expected in the first half of 2026. This funding is a significant step for the company, potentially enhancing its position in the bauxite industry and providing a boost to stakeholders by advancing the project’s development timeline.
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 leading developer in the bauxite industry, focusing on the development and production of bauxite resources. The company is primarily engaged in the exploration and development of its flagship Minim Martap bauxite project.
Average Trading Volume: 579,689
Technical Sentiment Signal: Buy
Current Market Cap: A$490.8M
For detailed information about CAY stock, go to TipRanks’ Stock Analysis page.