Canyon Resources has received approval from the Cameroon government for the location of its inland rail facility (IRF), which will support the world-class Minim Martap bauxite project, which contains 1.03bn tonnes of high-grade, low contaminant bauxite, with strong exploration upside.

The project, developed by the ASX-listed company through its subsidiary Camalco Cameroon, was awarded a 20-year mining licence in September 2024. The licence is conditional upon development commencing within two years and production starting within five years. The Minim Martap deposit is expected to position Cameroon as a key supplier of bauxite in the global market.

The IRF will be constructed near the Makor railway station, integrating with existing infrastructure to optimise transport logistics. Additionally, Camalco Cameroon has secured 105 hectares of land from the Lamido of Ngaoundéré to accommodate future expansion and infrastructure needs.

The approval follows an underwriting agreement with Eagle Eye Asset Holdings to finance rolling stock acquisitions for bauxite transportation from the Minim Martap site to port facilities. Once operational, the IRF will serve as a central loading station, streamlining the project's logistics.

Canyon Resources CEO Jean Sebastien Boutet highlighted the project's momentum, citing strong government and stakeholder support.

“The past six months have been transformative for Canyon, with initial infrastructure solutions in place and strong support from strategic partners and government, we have rapidly derisked the Project’s development,” he said. He emphasised the project’s long-term viability, pointing to sustained global demand for bauxite and the Minim Martap project's strategic supply chain position.

With key approvals and financing secured, Canyon Resources is now focused on completing its definitive feasibility study and advancing the project towards production.