Canyon's Cameroon project proves up

A bankable feasibility study (BFS) into the Minim Martap bauxite project, in Cameroon, has confirmed an initial 20 year mine life, with the project expected to produce 6.4-million tonnes of high-grade bauxite a year.

ASX-listed Canyon Resources on Tuesday told shareholders that the BFS was based on an updated proven ore reserve of 108.91-million tonnes, grading 51.1% total alumina and 2% total silica, as well as a total mineral resource estimate of over 1-billion tonnes, at 45.3% total alumina and 2.7% total silica.