Cameroon Government Allocates 105 Hectares for Canyon’s Inland Rail Facility
Canyon Resources has gained government approval for its Inland Rail Facility location in Cameroon, advancing the Minim Martap Bauxite Project with new land allocation and infrastructure plans.
- Government of Cameroon approves Inland Rail Facility location
- 105 hectares of land allocated near Makor Railway Station
- Support from major shareholder Eagle Eye Asset Holdings (EEA)
- Integration with existing rail infrastructure to streamline bauxite transport
- Ongoing Definitive Feasibility Study incorporates new logistics agreements
Strategic Approval Advances Minim Martap Project
Canyon Resources Limited (ASX: CAY) has announced a significant milestone in the development of its Minim Martap Bauxite Project with the Government of Cameroon’s approval of the location for its Inland Rail Facility (IRF). This approval not only confirms the site but also comes with the allocation of an additional 105 hectares of land by the Lamido of Ngaoundere, providing ample space for future infrastructure expansion.
The IRF will serve as a critical logistical hub, acting as a loading station where bauxite ore transported by road from the Minim Martap mine will be transferred onto rail wagons. These wagons will then travel via the main rail line to port, utilising Canyon’s own rolling stock, a move that underscores the company’s commitment to controlling its supply chain and reducing operational risks.
Backing from Strategic Partners and Local Authorities
This development follows closely on the heels of an underwriting agreement with Eagle Eye Asset Holdings Pte Ltd (EEA), Canyon’s major shareholder, which will finance the purchase of rolling stock essential for the rail operations. CEO Jean Sebastien Boutet highlighted that the IRF’s proximity to the existing Makor Railway Station will facilitate seamless integration with local infrastructure, enhancing construction efficiency and operational stability.
Mr Boutet also expressed gratitude to the Lamido of Ngaoundere for the generous land allocation, which not only secures the immediate needs of the IRF but also provides a buffer for future infrastructure developments. This land grant is a strong signal of local support and confidence in the project’s long-term viability.
De-risking and Progressing Towards Production
The past six months have been transformative for Canyon, with rapid progress in infrastructure planning and strong backing from both government and strategic partners. The company is actively incorporating these logistical advancements into its ongoing Definitive Feasibility Study (DFS), which will further clarify the project’s economic and operational parameters ahead of production commencement.
The broader bauxite market remains robust, and Canyon’s strategic moves position Minim Martap as a future key supplier of this critical mineral. The IRF approval and land allocation mark a pivotal step in de-risking the project, ensuring that logistical challenges are addressed well in advance of production.
Looking ahead, Canyon’s focus will be on finalising the DFS and advancing construction plans, leveraging the strong foundation laid by these recent approvals and partnerships.
Bottom Line?
With infrastructure approvals secured, Canyon Resources is poised to accelerate Minim Martap’s journey from feasibility to production.
Questions in the middle?
- What is the expected timeline for completing the Definitive Feasibility Study and starting production?
- How will the financing agreement with EEA impact Canyon’s capital structure and project funding?
- What are the potential risks or challenges in integrating the IRF with existing rail infrastructure?
