Ann: Canyon executes strategic agreement for BFS, page-5

The best quality Bauxite deposit on the planet just got some attention from some major players.

Canyon executes strategic agreement with major
engineering firm MCC-CIE for BFS
Highlights
● Canyon executes agreement with leading Chinese engineering, procurement, and
construction company MCC-CIE for the 1 billion tonne, high grade, Minim Martap Bauxite
Project.
● Contract is for the completion of the Minim Martap BFS and will introduce broader funding
options.
● MCC-CIE is a major engineering firm with a proven track record in the development of
international mining projects.
● MCC’s parent company China Minmetals Corporation is one of China’s major multinational
conglomerates and is active in global bauxite mining and refining.
● Canyon will be recommencing in-country face-to-face commercial and legal discussions with
the representatives of the Government of Cameroon, Camrail and the Port Authority of
Douala in January 2021.
● Canyon’s Minim Martap Project is adjacent to the existing rail line to Douala, the proposed
Stage 1 export port1 and contains a 1 billion tonne Mineral Resource Estimate2. The Project
is in the BFS stage.

well done Canyon,