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just need the SP to follow the 10 year high Alu price trend too...

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thecurve

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11/05/21

09:02

Post #: 53082974
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Originally posted by sub7: ↑

The biggest and best unallocated bauxite deposit in the world, just got bigger and better

Minim Martap Mineral Resource Estimate upgrade adds Measured Resource
Highlights
 Minim Martap Project Mineral Resource estimate has been upgraded following grade definition drilling1
 The quality of the Mineral Resource remains high in Alumina and low in Silica and contains:
o 1.027 billion tonnes at 45.3% Al2O3, 2.7% SiO2 at a cut-off grade of 35% Al2O3, including;
o A High Grade Resource of 500 million tonnes at 49.0% Al2O3, 2.6% SiO2 at a cut-off grade of 45%
Al2O3, which includes;
o A High Grade Measured Resource of 268 million tonnes at 49.7% Al2O3, 2.6% SiO2 at a cut-off grade
of 45% Al2O3.
 The 1 billion tonne resource represents only 17 bauxite plateaux of the Minim Martap Project with 62
plateaux remaining for drill testing.
 Metallurgical test work2 continues to show high availability of contained alumina at over 90%3 and
consistently high recoveries for all Minim Martap bauxite

Canyon’s Managing Director, Mr Phillip Gallagher said: “This upgrade of the Minim Martap Mineral Resource
to include 382Mt in the Measured category is particularly significant for the Project. Canyon has now defined
many operational decades of Measured Resources that are all very high grade and with very low silica. As the
global bauxite market has a lot of new lower quality bauxite projects commence production in the past few
years, such a potentially consistent long-term supply of such high quality bauxite is quite unique.”

The price of Aluminum has gone from a 10 year low 12 months ago to a now 10 year high, this obviously makes the bauxite more valuable and in demand.

Great work by Phil and the Canyon team.

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just need the SP to follow the 10 year high Alu price trend too that would be even nicer.

CAY Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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just need the SP to follow the 10 year high Alu price trend too...

Is oil undervalued?

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Westgold sets its sights on top five producer status through merger with Karora

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

GreenX picks up prospective copper project in Germany

Venture to sniff out high-grade REE targets at Jupiter project, WA

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

just need the SP to follow the 10 year high Alu price trend too...

Top Stories

Is oil undervalued?

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Westgold sets its sights on top five producer status through merger with Karora

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

GreenX picks up prospective copper project in Germany

Venture to sniff out high-grade REE targets at Jupiter project, WA

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News