Minim Martap Development Update

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

• The alumina refinery Feasibility Study is progressing well and is 45% complete

  80% confidence

• EEA reaffirms commitment to completing the A$100 million Tranche 2 equity funding subject to shareholder approval anticipated in early March 2026

  80% confidence

• Ore haulage from the Inland Rail Facility to the Port of Douala is planned for Q2, 2026

  80% confidence

• Discussions with Camrail regarding the increase in ownership from 9% to approximately 35% are ongoing and expected to be completed in Q1, 2026

  80% confidence

• First bauxite shipment targeted for late June 2026

  80% confidence

• Canyon is fully funded through Stage 1 production through a balanced mix of debt and equity

  80% confidence

• Discussions with Camrail regarding an increased equity interest are nearing completion and expected to support greater involvement in critical rail infrastructure upgrades

  80% confidence

• Delivery of locomotives and wagons scheduled in Q1, 2026

  80% confidence

• The alumina refinery Feasibility Study is advancing well and reinforcing Canyon's long-term, value-add development strategy

  80% confidence

• Key operational milestones continue to be achieved across mining, logistics and infrastructure workstreams

  80% confidence

• Afriland remains fully supportive of Canyon and the advancement of the Minim Martap Bauxite Project

  80% confidence

• The surface miner has arrived in Cameroon, with mining operations scheduled to commence in February 2026

  80% confidence

• Canyon continues to make strong progress across key project milestones

  80% confidence

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