Canyon Resources Limited (ASX: CAY) (Canyon, or the Company) is pleased to announce the receipt of seven letters of support from the key Government and traditional rulers in the region around the Minim Martap Bauxite Project (Project).
The letters were addressed to Canyon's wholly owned Cameroon subsidiary company, Camalco SA and have been formally presented to the Ministry of Mines and other Government representatives. The Governor of the Adamaoua Region wrote to the Director General of Camalco (translated from French); 'I have the honor to let you know that three years after the official launch of the bauxite exploration phase at MINIM-MARTAP, MAKAN and NGAOUNDAL with you in charge, the local administrative authorities and I have noted with satisfaction the progress of the work in the field. Also the professionalism and conduct of the staff of your company in this large-scale project, which is part of the projects that bring together and create local jobs as integrated into the National Development Strategy 2020-2030 (SND2030). It should be noted that the public consultations for the evaluation of the environmental impacts of this operation that I personally chaired lead me to believe that Camalco has all the material and human skills to carry out the exploitation of the Minim-Martap bauxite.
In view of all the above, I would like to testify to you of the support of the active forces of the Adamaoua Region and of my own with a view to supporting the request for the issue of an operating license for your company, which raises many hopes.'
The Paramount Traditional and Spiritual Leader for the region, known as the Lamido of Ngaoundere, wrote: 'I have the honor to convey to you, on behalf of all the people of Vina Division, which covers all my traditional command territory, our sincere congratulations and encouragement. It should be noted here that this is the very first mining project in Cameroon and our absolute wish is its effective start for direct employment opportunities for young Cameroonians. We pray to Allah the most merciful, that the phase of exploitation of this gigantic project takes place in peace and serenity and that it benefits all Cameroonians. Please believe, Mr. Director General, the expression of my sincere consideration.'
The Company also received letters of support from the Sous-Prefet of Martap and the Chiefs of the villages of Haleo, Makor, Minim and Martap. Canyon's Managing Director, Mr Phillip Gallagher said 'These letters of overwhelming support from our very important local and regional stakeholders and friends are a credit to the Camalco team in Cameroon. We are indeed humbled. The people in the Adamaoua Region have high aspirations for the Project and the Camalco team and it is very pleasing that we have received these letters of affirmation.
Our early recognition that community support is essential and the time and effort we have committed to working with the community has provided us with a strong social license to develop the Minim Martap Bauxite Project. I am proud of the way that our team has conducted themselves and the work we have completed over the past 3 years. Our team's positive engagement with the local communities underpins our pathway to success. This stands us in very good stead for the future and the imminent granting of the Mining License as we forge towards the construction phase of the Project.
About Canyon Resources
Summary Canyon is focussed on the development of its 100% owned Minim Martap Bauxite Project, a direct shipping ore (DSO) development opportunity in central Cameroon. The Project is situated adjacent to the main rail line linking the region to the Atlantic port of Douala. The rail line is currently underutilised and coupled with the existing port of Douala, supports a low capex, low opex solution to deliver high grade, low contaminant, seaborne bauxite to market to fuel the large and growing aluminium industry as described in the 2020 PreFeasibility Study1 . The country is planning a rail extension and is undergoing rail line debottlenecking upgrades, giving longer term potential for export through the newly built, deep-water port of Kribi. Canyon is planning the development of the bauxite Project in a 2 Stage, 2 Port execution programme with initial production exported though the port of Douala utilising the existing rail and port infrastructure and Stage 2 unlocking tonnes and reducing costs by utilising the planned rail extension to access the deep-water port of Kribi.
Forward looking statements
All statements other than statements of historical fact included in this announcement including, without limitation, statements regarding future plans and objectives of Canyon, are forward-looking statements. When used in this announcement, forward-looking statements can be identified by words such as 'anticipate', 'believe', 'could', 'estimate', 'expect', 'future', 'intend', 'may', 'opportunity', 'plan', 'potential', 'project', 'seek', 'will' and other similar words that involve risks and uncertainties. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that are expected to take place. Such forward looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, its directors and management of Canyon that could cause Canyon's actual results to differ materially from the results expressed or anticipated in these statements. Canyon cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. Canyon does not undertake to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by applicable law and stock exchange listing requirements.
Contact:
Tel: +61 8 6382 3342
Email: info@canyonresources.com.au
CANYON RESOURCES LIMITED 
