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Canyon’s Minim Martap build advances despite a critical funding test
3:05pm on Wednesday 30th of September, 2026 AEST
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Mining
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Canyon’s Minim Martap build advances despite a critical funding test
3:05pm on Wednesday 30th of September, 2026 AEST
Key Points
AFG Bank suspended further drawdowns from Canyon’s US$140 million facility
First shipment target withdrawn after funding and transhipment uncertainty
Auditor flagged material uncertainty related to going concern
FY2026 loss narrowed to A$9.5 million, with A$45.8 million cash at year end
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Canyon Resources (ASX:CAY)
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