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The latest update is out from Canyon Resources Limited ( (AU:CAY) ).
Canyon Resources has deepened its control over critical logistics for the Minim Martap Bauxite Project by raising its stake in Cameroon rail operator Camrail from 9.1% to 26.9% and acquiring a 42.8% interest in Terminal Bois du Port de Douala, operator of the Port of Douala. These moves give the company greater influence over rail capacity and port operations, materially de-risking transport from mine to export.
On the ground, Canyon has mobilised a surface miner to the Daniel Plateau for trial mining in mid-Q2 2026, with bauxite stockpiles to be built at the mine, Inland Rail Facility and port ahead of the first shipment planned for late Q3 2026. Tracklaying at the Inland Rail Facility, bulk earthworks at the port and delivery of locomotives and wagons are progressing, positioning the project for imminent first production and a more reliable, integrated logistics network.
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 an ASX-listed mining company focused on developing the Minim Martap Bauxite Project in Cameroon. Through its in-country subsidiary Camalco, the company is building an integrated mine-to-port supply chain, leveraging strategic stakes in key rail and port infrastructure to support bauxite production and export to global markets.
Average Trading Volume: 822,105
Technical Sentiment Signal: Sell
Current Market Cap: A$257.8M
Learn more about CAY stock on TipRanks’ Stock Analysis page.