Canyon Resources Limited Investor Webinar Summary Company Overview - **Company**: Canyon Resources Limited - **Project**: Minim Martap Bauxite Project - **Location**: Cameroon - **CEO**: Peter Secca, appointed July 1, 2023 Key Points and Arguments Project Development - The Minim Martap Bauxite Project has over **1.1 billion tons** of resource with a grade of over **51% bauxite** and less than **2% silica**, positioning it as a world-class project [5][6] - The project is set to commence mining operations in **Q1 2026**, with the first shipment of bauxite expected in **Q2 2026** [6][9] - The feasibility study indicates a **net present value (NPV)** of over **$830 million** and an **internal rate of return (IRR)** of **29%** [6][14] Financials - The capital expenditure (CapEx) required is less than **$100 million**, with a debt facility already secured for **$140 million** [7][11] - The average life of mine cost is projected to be just under **$35 per ton** [14][24] - The company anticipates selling bauxite at approximately **$85 per ton**, factoring in a premium over Guinea bauxite prices [8][23] Infrastructure and Logistics - The project benefits from an **800-kilometer rail line** connecting to the port of Douala, which is crucial for logistics [4][6] - The company has secured access to the port and is upgrading stockpile capacity to over **150 million tons** [22] - Orders have been placed for **locomotives and wagons** from China to facilitate transportation [21][12] Market Dynamics - The bauxite market has seen significant growth, with prices previously exceeding **$100 per ton** due to unrest in Guinea [7][8] - The company is in discussions with **six off-takers** across Asia, the Middle East, and North America, aiming to secure long-term contracts [31] Future Projections - Initial production is planned at **1 to 2 million tons per year**, with potential to scale up to **10 million tons** and possibly **14 to 15 million tons** in the future [10][19] - The project has a **20-year mine life**, but there is potential for significant extensions based on resource conversion rates [33] Community and Environmental Considerations - The project does not require community relocations, and the workforce will primarily be sourced from local communities [20][19] - The company plans to rehabilitate mining areas as operations progress [18] Regulatory and Government Support - The Cameroonian government has been supportive, facilitating permits and licensing, which is crucial for the project's success [39] Additional Important Information - The company has a **joint venture** with the Cameroonian government, holding **90%** of the project [26] - The feasibility study for an alumina plant is also underway, expected to be completed by the end of **2026** [14][26] - The company has a current market cap of just over **$470 million AUD** and **$51 million AUD** in the bank [25][26] This summary encapsulates the critical aspects of Canyon Resources Limited's investor webinar, highlighting the project's potential, financial outlook, and strategic plans moving forward.