Canyon Resources Limited has received approval for its Inland Rail Facility from the Cameroon government, securing a strategically located site and an additional 105 hectares for future development. This milestone is pivotal for the Minim Martap Bauxite Project, enhancing logistical capabilities in preparation for production.
Canyon Resources Limited has announced the Government of Cameroon’s approval for the new Inland Rail Facility (IRF). Additionally, 105 hectares have been allocated by the Lamido of Ngaoundere for future IRF expansions and infrastructure. This approval represents a significant milestone in the advancement of the Minim Martap Bauxite Project, which aims to boost production capacity and efficiency.
The IRF’s strategic location near the Makor Railway Station enhances integration with existing infrastructure, improving construction efficiency. The timing of this approval coincides with an underwriting agreement with Eagle Eye Asset Holdings Pty Ltd to finance rolling stock for the project, highlighting a commitment to advance toward production.
Canyon is focused on logistical and infrastructure solutions to minimize risks associated with the Project, further bolstered by an ongoing Definitive Feasibility Study (DFS). Once operational, the IRF will serve as the loading point for bauxite ore transported by road from Minim Martap for rail shipment to the port.
Canyon’s CEO Jean Sebastien Boutet expressed satisfaction with the approval, stating it aligns well with the recent financing agreement, enhancing the project’s logistical stability. He also thanked the Lamido of Ngaoundere for allocating additional land, ensuring room for further infrastructure development crucial to the project’s success.
Boutet highlighted the transformative progress made in the last six months, noting strong support from strategic partners and government entities, which has significantly de-risked the project. He emphasized the potential of the Minim Martap project to supply bauxite to key markets while benefiting local communities and stakeholders.
The approval of the Inland Rail Facility is crucial for Canyon Resources as it enables the efficient transport of bauxite from the Minim Martap Project to the port. This development is tied to the overall strategy of ensuring logistical capability and infrastructure readiness to support mining operations. The collaboration with local authorities, particularly in land allocation, showcases the project’s community-focused approach and its alignment with national economic goals.
In summary, the approval of the Inland Rail Facility by the Government of Cameroon marks a major step forward for Canyon Resources’ Minim Martap Bauxite Project. Strategic land allocation and financing arrangements establish a solid foundation for future development efforts, while focused logistics aim to enhance operational efficiencies. Overall, this indicates both the project’s viability and its potential impact on local economies and stakeholders.
Original Source: www.alcircle.com
