They are still putting on new staff and working, not waiting and...

They are still putting on new staff and working, not waiting and twiddling their thumbs


During the half year ended 31 December 2023, the Company continued to prepare for the development of the world class Minim
Martap Project. The preparation works are designed to position Canyon to maximise the opportunity to create a long-term project
of global significance. Achievement of this goal will return the best value for shareholders and deliver lasting employment
opportunities and economic benefits for Cameroon.

Patrice L’Huillier was appointed as Project Director on 1 December 2023 to prioritise engagement with the local community in
preparation for development and construction. Mr L’Huillier has more than 25 years of experience in metals & mining covering
aluminium, copper, manganese and iron ore mostly in operations and project execution.
Camalco also appointed Didier Ouedraogo as Head of Geology and Exploration. He will be responsible for the drilling campaigns
and technical oversite in the mine development. Mr Oueadraogo formally commenced on 1 January 2024.

Top Management Site Visit

Posted 16/02/2024

From 26 January 2024 to 30 January 2024, , the Top Management team, made up of Jean-Sebastien Boutet the CEO of Canyon Resources Ltd, André Henry the General Manager of Camalco and the newly appointed Camalco’s Project Director Patrice Lhuillier, visited Minim Martap Bauxite project Area.

The purposes of this visit were to introduce Patrice Lhuillier to the site team and allow him to get his bearings in relation to the project in general and to the ongoing exploration activities. It was also a good opportunity for the team to make a courtesy visit to the Divisional Officer of Martap and to the Chief of Bobodji village, where the life base camp is located.

The stakeholders met, reiterated their full support to the project and expressed their expectation to see the mining phase start as soon as possible.