Port access approval received as last key item for fid at minim martap bauxite project

Highlights: with port access approval in place, detailed design for bauxite port loading infrastructure has now commenced final tenders received for mine development and road access upgrade to inland rail facility (irf) engineering design of irf approximately 50% completed evaluation of rail and port capacity upgrade from 6mtpa to 10mtpa now underway port access approval is the final condition precedent for eea to exercise its 500 million options (approximately $us22m) first locomotive delivery scheduled for q1, 2026 minim martap project final investment decision (fid) scheduled for q2, 2025 first bauxite shipment scheduled for 1h, 2026 perth, australia, april 30, 2025 (globe newswire) -- canyon resources limited (asx: cay) (‘canyon' or the ‘company') is pleased to announce that its wholly owned in-country subsidiary, camalco cameroon sa (‘camalco'), has received approval from the port authority of douala (‘port access agreement' or ‘the agreement') to secure access to the land at the port of douala. the proposed storage area covers 65,000m2 and allows canyon to efficiently transport and store up to 6 million tonnes per annum (mtpa) of bauxite ore, with design work currently being developed to expand production in phases up to 10mtpa.
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