Construction of IRF and Upgrade of Ore Haulage Access Road Underway

Core Viewpoint - Canyon Resources Limited has commenced construction of the Inland Rail Facility (IRF) in Makor, Cameroon, which is essential for the export supply chain of the Minim Martap Bauxite Project, with first production anticipated for early 2026 [2][3][6] Group 1: Project Development - The groundbreaking ceremony for the IRF was attended by senior government officials and Canyon's Executive Chairman, highlighting the project's significance and the company's commitment to fast-tracking development [3][6] - Canyon has also started upgrading the ore haulage access road connecting the Minim Martap Project to the IRF, marking two key development milestones [4][5] - The company has secured rail access from Makor to the Port of Douala and 65,000 m² of land for bauxite storage and loading at the port, enabling efficient storage and transportation of up to 6 million tonnes per annum (Mtpa) of bauxite ore, with plans to expand to 10 Mtpa [4][5] Group 2: Future Outlook - Canyon's CEO emphasized that the execution of these infrastructure projects will coincide with other developments to support the project's supply chain, including engineering and design work for critical rail and port infrastructure [5][6] - The company remains on track for the start of production in early 2026 and the first shipment of bauxite in the first half of 2026 [6]