Canyon Resources Limited (AU:CAY) has released an update.
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Canyon Resources Limited has received key permits to advance its Minim Martap Bauxite Project in Cameroon, securing a 20-year mining license that allows for bauxite mining and export. The company is now focusing on infrastructure development and potential financing opportunities to bolster project growth. With a solid cash position of AUD $20.3 million, Canyon aims to execute significant activities over the next year.
For further insights into AU:CAY stock, check out TipRanks’ Stock Analysis page.