Canyon Resources Limited has secured government approval for the location of its Inland Rail Facility (IRF) in Cameroon, marking a significant milestone in the development of the Minim Martap Bauxite Project. Additionally, the company’s local subsidiary, Camalco Cameroon SA, has been allocated 105 hectares of land by the Lamido of Ngaoundéré for future expansion of the IRF and related infrastructure.
The approved site is strategically positioned near the Makor Railway Station, ensuring efficient integration with existing rail infrastructure and streamlining construction. This approval follows Canyon’s recent underwriting agreement with Eagle Eye Asset Holdings Pte Ltd (‘EEA’) to finance the acquisition of rolling stock for the project, highlighting strong momentum towards production.
Canyon remains focused on advancing key logistical and infrastructure solutions to de-risk the project, with the IRF set to function as a key loading station for bauxite ore transported from Minim Martap to port via the national rail network using the Company’s own rolling stock.
“This milestone aligns well with our recent agreement with EEA to finance rolling stock procurement. These developments are integral to our Definitive Feasibility Study and enhance our oversight of critical logistics. We are grateful to His Excellency, the Lamido of Ngaoundéré, for his generous land allocation, which ensures long-term stability for the project’s infrastructure needs,” Canyon’s Chief Executive Officer, Jean Sébastien Boutet, said.
He added that strong support from the Cameroonian government and strategic partners reflects the potential of Minim Martap to contribute significantly to the country’s economy and local communities.
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