Core Viewpoint - Canyon Resources Limited has secured port access approval for its Minim Martap Bauxite Project, marking a significant milestone in the project's development and facilitating efficient transportation of bauxite ore to market [1][7][8]. Group 1: Project Development - The approved storage area at the Port of Douala spans 65,000m² and enables the company to transport and store up to 6 million tonnes per annum (Mtpa) of bauxite ore, with plans to expand production to 10Mtpa [2]. - The port's existing infrastructure, including railway tracks and quay, will reduce the start-up capital expenditure (capex) for the Minim Martap Project, allowing for the first shipment by the first half of 2026 [2][4]. - The final investment decision (FID) for the Minim Martap Project is scheduled for Q2 2025, with the first bauxite shipment planned for the first half of 2026 [4][8]. Group 2: Financial and Strategic Implications - Securing port access is a prerequisite for Eagle Eye Asset Holdings Pte Ltd to exercise its 500 million options, priced at $0.07, which were approved by shareholders in November 2023 [6]. - The company has completed a strategic 9.1% investment in CAMRAIL S.A, enhancing rail access and further derisking the mine-to-port logistics [3][4]. - The Definitive Feasibility Study (DFS) is progressing as planned, with completion expected in Q3 2025, assessing a two-stage development approach to accelerate production [5]. Group 3: Infrastructure and Logistics - The port access approval allows for the commencement of detailed design for bauxite port loading infrastructure, with engineering design of the Inland Rail Facility approximately 50% completed [4]. - The established transport networks will play a critical role in the logistics of transporting bauxite ore from mine to port, supported by the Government of Cameroon and regional stakeholders [9]. - The first locomotive delivery is scheduled for Q1 2026, aligning with the project's timeline for initial shipments [4].