CAY - 800% increase in resource or so? massive imo?
Significant Resource Upgrade on Tier-1 Minim Martap Bauxite ProjectHighlights
❖ Total Resource increased by 62% over previous resource estimate to:892 Mt at 45.1% Al2O3, 2.8% SiO2 (Cut-off Grade 35% Al2O3)
❖ Total Indicated Resource increased by 850%, now:839 Mt at 45.2% Al2O3, 2.8% SiO2❖ Includes a high-grade (Cut-off Grade 45% Al2O3) Indicated resource of431Mt at 48.8% Al2O3, 2.6% SiO2 (total) containing substantial zones of>50% Al2O3 with very low contaminants.
❖ Resource upgrade confirms the Minim Martap Project as a global Tier 1bauxite project, a “Guinea style” bauxite deposit strategically located inCameroon.
❖ Substantial exploration upside as <50% of the project’s plateaux drilled.❖ Laboratory testing indicates a gibbsite-dominant bauxite with very lowboehmite levels, suitable for low temperature refineries.
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