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Canyon Resources Limited
(Sydney:CAY)
Canyon Resources Limited (CAY) vs. iShares MSCI Australia ETF (EWA)
Canyon Resources Limited Business Overview & Revenue Model
Canyon Resources Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -55.73K | -97.50K | -59.45K | -84.79K | -99.96K | -110.16K | EBIT |
| -8.12M | -9.95M | -4.63M | -12.71M | -4.59M | -8.06M | EBITDA |
| -7.61M | -9.44M | -4.93M | -12.52M | -4.65M | -8.41M | Net Income Common Stockholders |
| -7.66M | -9.54M | -4.99M | -12.78M | -4.75M | -8.52M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 15.55M | 22.17M | 10.73M | 4.48M | 2.68M | 1.61M | Total Assets |
| 41.09M | 44.54M | 29.58M | 21.59M | 20.39M | 14.59M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -15.55M | -22.17M | -10.73M | -4.48M | -2.68M | -1.61M | Total Liabilities |
| 1.21M | 667.54K | 741.89K | 1.18M | 1.24M | 1.62M | Stockholders Equity |
| 39.88M | 43.87M | 28.84M | 20.40M | 19.14M | 12.98M |
| Cash Flow | Free Cash Flow | ||||
| ― | -13.08M | -5.93M | -8.24M | -8.30M | -7.41M | Operating Cash Flow |
| ― | -9.57M | -4.55M | -7.98M | -3.28M | -2.95M | Investing Cash Flow |
| ― | -3.50M | -1.38M | -126.75K | -5.02M | -4.45M | Financing Cash Flow |
| ― | 24.43M | 12.18M | 10.13M | 9.33M | 6.84M |
Canyon Resources Limited Technical Analysis
Canyon Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $2.01B | -1.26 | -21.11% | 4.38% | 2.92% | -30.46% | |
51 Neutral | AU$13.08M | 4.44 | 8.76% | ― | ― | ― | |
45 Neutral | AU$9.12M | ― | -31.16% | ― | ― | 70.59% | |
42 Neutral | AU$7.03M | ― | ― | ― | ― | ||
28 Underperform | AU$2.37M | ― | -18.61% | ― | ― | -336.36% | |
26 Underperform | AU$395.63M | ― | -33.55% | ― | ― | -175.00% | |
| $21.17M | ― | -20.67% | ― | ― | ― |
Canyon Resources Limited Corporate Events
Canyon Resources Limited has received port access approval from the Port Authority of Douala, marking the final infrastructure agreement needed for the development of its Minim Martap Bauxite Project. This approval allows the company to transport and store up to 6 million tonnes of bauxite annually, with plans to expand to 10 million tonnes. The strategic location and existing infrastructure at the port reduce startup capital expenditures and facilitate the company’s logistics strategy, aiming for the first bauxite shipment by the first half of 2026. The approval also enables the exercise of 500 million options by its major shareholder, Eagle Eye Asset Holdings, further supporting the project’s development.
Canyon Resources Limited has made significant progress in the development of its Minim Martap Bauxite Project, with a two-stage development strategy aimed at accelerating production and enabling the first bauxite shipment by 2026. Key advancements include securing a USD $123.96 million loan for rolling stock purchases, government approval for a rail facility location, and a strategic investment in CAMRAIL S.A. These developments are expected to enhance operational efficiencies, strengthen supply chain relationships, and position the project for future growth, benefiting stakeholders and reinforcing the project’s viability as a world-class bauxite source.
Canyon Resources Limited has released an update on their Minim Martap Bauxite Project, emphasizing the project’s potential as a globally significant tier-one bauxite asset. The company has confirmed that the material assumptions and technical parameters underpinning the project’s feasibility study remain unchanged, indicating stability and continued progress in their development plans.
Canyon Resources Limited has issued a clarification regarding a typographical error in its investor presentations and a recent announcement about its acquisition of a stake in CAMRAIL S.A. The error pertained to the inclusion of the Makan and Ngaoundal tenements in the mineral resources table, which has now been corrected. This clarification ensures accurate representation of the company’s mineral resources, reinforcing transparency and reliability in its communications with stakeholders.
Canyon Resources Limited has completed the acquisition of a 9.1% stake in CAMRAIL S.A., enhancing its logistics strategy for the Minim Martap Bauxite Project. This strategic investment secures a seat on the Camrail Board, aiding in the development of an efficient transport network crucial for the project’s success. The acquisition is a significant step toward de-risking logistics for the project, with the company progressing on mine planning, rail facility engineering, and port negotiations, aiming for first production by 2026.
Canyon Resources Limited has released its interim financial report for the period ending December 31, 2024. The report includes key financial statements such as the profit or loss statement, financial position, changes in equity, and cash flows, providing stakeholders with insights into the company’s financial health and operational performance during the period.
Canyon Resources Limited has seen a change in the substantial holding of its shares, with Eagle Eye Asset Holdings Pte. Ltd. and its related party, Mr. Gagan Gupta, increasing their voting power from 41.72% to 43.61%. This change in shareholding reflects a strategic move by the substantial holders, potentially impacting the company’s governance and decision-making processes.
Canyon Resources Limited has reaffirmed its commitment to the development of the Minim Martap Bauxite Project, emphasizing that there have been no material changes to the previously announced mineral resource and ore reserve estimates. The company continues to rely on the assumptions and technical parameters outlined in earlier announcements, indicating stability in its project forecasts and potential implications for stakeholders.
Canyon Resources Limited is advancing its Minim Martap Bauxite Project in Cameroon, with the Definitive Feasibility Study on track for completion in Q3 2025. The company is exploring a two-stage development strategy to accelerate production and revenue generation by 2026. Canyon is also progressing discussions with debt providers and potential offtake partners to secure funding and sales agreements, respectively. The strengthening bauxite market and the project’s high-quality ore position Canyon favorably for future growth and operational success.
Canyon Resources Limited has appointed Dean Horton as a Non-Executive Director to enhance its board’s expertise in project financing and international leadership. Horton’s extensive experience in the energy, natural resources, and infrastructure sectors is expected to support the company’s strategic growth and development of the Minim Martap Bauxite Project. His appointment underscores Canyon’s strong industry reputation and the company’s commitment to becoming a major bauxite producer, delivering long-term value to its stakeholders.
Canyon Resources Limited has announced changes in the voting power and relevant interests of its substantial shareholders, WMA Holding FZCO and New Dawn Holdings Ltd. The notice details alterations in shares and voting interests, reflecting the evolving ownership structure within the company. These changes indicate a shift in control dynamics which may impact company decisions and strategy, while also affecting stakeholders’ influence and potential future directions.
Canyon Resources Limited announced the cessation of Mr. Wei (Peter) Su as a director of the company on February 19, 2025. Mr. Su, who held 16,100,001 fully paid ordinary shares through Skyline Corporation Pty Ltd, is no longer part of the company’s board. This transition may influence the company’s strategic direction and stakeholder interests, as changes in leadership can impact organizational priorities and investor confidence.
Canyon Resources Limited has announced a change in the director’s interest, with Mr. Wei (Peter) Su, a director at the company, having reduced his indirect holdings through Skyline Corporation Pty Ltd. He disposed of a total of 4,544,168 fully paid ordinary shares over several transactions occurring between 4th and 12th February 2025. This change reflects a significant reduction in Mr. Su’s shareholding, potentially impacting his influence within the company and the perception of investors regarding the company’s stock.
Canyon Resources Limited announced the immediate resignation of Director Peter Su due to non-compliance with the company’s Trading Policy. Mr. Su’s trading activities, conducted by Alto Capital and Barclay Wells Limited, were not in accordance with the company’s disclosure requirements. This incident has prompted Canyon to reinforce its Trading Policy among key management personnel and to implement regular reviews of director and officer shareholdings to ensure compliance with ASX Listing Rules.
Canyon Resources Limited has announced the issuance of 2,307,692 fully paid ordinary shares to an unrelated creditor. These shares have been provided in lieu of cash payment for investor relations services, indicating a strategic financial decision to manage cash flow while maintaining investor engagement.