march investor roadshow | canyon resources

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  • The Birsok Bauxite Project - Cameroon

    ASX Code: CAY | Page 2

    High Grade Low Impurity Bauxite

    ! Drilling has returned high-grade, low impurity bauxite mineralisa?on. ! Mul?ple intersec?ons of >50% Al2O3 with low silica. ! Posi?ve results from metallurgical tes?ng. ! High grade nature of the mineralisa?on indicates DSO poten?al.

    Follow Up ExploraCon and Drilling on addiConal Plateaux

    ! Landcruiser mounted Aircore drilling rig ideally suited for bauxite drilling has been secured.

    ! Geological teams working on site since January 2015. ! Inll drilling and tes?ng targeted new plateaux

    Expanding the Project Footprint

    ! Applica?on has been lodged for an addi?onal permit to the south west of the Birsok Project.

    ! Approval expected imminently ! Poten?al opportunity to acquire exis?ng resources.

    ExisCng Infrastructure

    ! Exis?ng rail line 10km from project, mul?ple exis?ng port op?ons. ! Posi?ve rail study based on technical data has been completed. ! MOU signed with rail and port operators to speed up nego?a?ons for rail and port

    access.

    Strong Bauxite Market

    ! Large customers securing new regions of bauxite supply. ! Upward price pressure on bauxite, reports of contracts >$80pt for DSO bauxite out of

    West Africa. www.bauxiteindex.com

  • Three bauxite licenses (one in applica?on) in central Cameroon covering 1,800km2

    Con?guous to the large, high grade Minim Martap deposit

    Strategically located close (~10km) to suitable opera?ng rail line that runs directly to exis?ng port.

    MOU signed with rail and port operators Ini?al high grade results validate the

    poten?al for DSO opera?on

    17 new priority plateau iden?ed on Birsok and Mandoum permits, similar to the high grade bauxite previously drilled on Birsok.

    ASX Code: CAY | Page 3

    Birsok Bauxite Project Project Overview

    RC Rig from the Phase 1 drilling program

    Bauxite Plateau on the Birsok project

  • ASX Code: CAY | Page 4

    Birsok Bauxite Project Accessible Rail and Port Infrastructure

  • ASX Code: CAY | Page 5

    Birsok Bauxite Project Emerging Aluminium Province

    ! Black symbols showing the plateaux drilled in the Phase 1 drilling program

    ! The new Mambal Permit under applica?on (in red outline)

  • Results from drilling highlight signicant thick, high grade, bauxite mineralisa?on from surface

    Signicant Intersec?ons include: 11m @ 51.9% Al2O3 and 2.95% total SiO2 from

    surface 10m @ 54.4% Al2O3 and 2.6% total SiO2 from surface 7m @ 55.5% Al2O3 and 1.7% total SiO2 from surface 6m @ 54% Al2O3 and 2.62% total SiO2 from surface 5m @ 46.5% Al2O3 and 2.9% total SiO2 from surface

    and 6m @ 55.4% Al2O3 and 4% total SiO2 from 9m

    Very posi?ve metallurgical test results with up to 53.5% available alumina with

  • 6 wheel drive Landcruiser mounted aircore drilling rig has been secured, will achieve signicant savings from future drilling and guarantee on going access.

    Geological teams have been on site since Jan 2015. Mapping, drilling hole iden?ca?on and clearing will be completed during March 2015 and ready for commencement of drilling.

    Gran?ng of applica?on permit expected imminently and explora?on will commence immediately upon receiving that.

    ASX Code: CAY | Page 7

    Developing and Growing the Birsok Project

    6WD landcruiser mounted aircore rig acquired by Canyon

  • Exis?ng Camrail rail line runs to port within 10km of project.

    Completed ini?al infrastructure study shows the suitability of the exis?ng rail line and port for a 2-3Mt pa DSO bauxite project.

    MOU signed with the rail and port operators. Over 300M to be invested in rai l

    infrastructure from World Bank and Cameroon govt is underway.

    New Kribi deep water port in southern Cameroon commenced opera?ons in August 2014

    New rail spur planned for access to the new Kribi deep water port

    Birsok Bauxite Project Mul

  • ASX Code: CAY | Page 9 Source: Bauxite Long Term Market Outlook, 2013 (CRU)

    Aluminium Produc?on Increase Drives Demand for Bauxite

    11

    Growth markets for aluminium and alumina are in China

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    Aluminium production, 2000-2018 Alumina production, 2000-2018

    Source: Bauxite Long Term Market Outlook, 2013 (CRU)

    Source: CRU Source: CRU

    ! 5-6 tonnes of bauxite are required to produce 1 ton of aluminium

    ! Forecast aluminium produc?on will require 60Mt of NEW bauxite produc?on annually by 2018.

    ! Growing global demand for high grade bauxite

    ! Growth in aluminum capacity in China, Russia, India and Middle East is increasing demand for bauxite

    ! Smelters globally are securing long term supplies of bauxite and alumina

    ! Upward price pressure on high grade bauxite supplies out of West Africa

  • Secure value from Projects in

    Burkina Faso via strategic deals

    ! Earn in agreement signed with Acacia Mining on the Pinarello and Konkolikan

    Derosa Project ! JV with ASX listed Rumble

    Resources

    ! Currently inves?ga?ng opportuni?es on other projects

    ASX Code: CAY | Page 10

    Burkina Faso Gold Projects

  • Corporate Overview

    ASX Code: CAY | Page 11

    Capital Structure

    Ordinary Shares on issue 123m

    Listed Options on Issue Exercisable @ 6c Exercisable @ 16c

    61m 14m

    Unlisted Op?ons on issue 13m

    Market CapitalisaCon (undiluted at 4.1cps) $5m

    Cash (at 31 Dec 2014) $752k

    Debt Nil

    Major Shareholders (current) % Interest

    HSBC Custody Nominees 8.14%

    Asterion AV Ltd 6.51%

    Mr W H Hernstadt 1.86%

    Tight capital structure and suppor?ve shareholders

    Introduc?on of Altus Strategies as a major shareholder (8m shares)

    Highly leveraged to success

    Ac?ve explora?on and drilling program planned along with logis?cal and development work to advance the project

    Directors)

    Mr Rhoderick Grivas - Chairman

    Mr Phillip Gallagher Managing Director

    Mr David Netherway Non Exec Director

    Mr Mamhew Shackleton Non Exec Director

  • Focus on targe?ng a high grade, low CAPEX, DSO bauxite project in Cameroon.

    High grade bauxite with low contaminants.

    Poten?al for fast development and ini?al produc?on.

    Posi?ve results from ini?al rail and port studies, technically capable of bauxite transport and capacity is available.

    MOU with rail and port operators in country to advance the development of an infrastructure solu?on.

    Cameroon government suppor?ve of developing the Birsok Project.

    Canyon is one of few junior resource companies providing exposure to bauxite.

    Upward pressure on global bauxite prices due to increasing demand, par?cularly from China.

    ! Recent contracts from West Africa reported at >$80 per tonne www.bauxiteindex.com

    Highly leveraged to explora?on success, with a suppor?ve shareholders and a ?ght capital structure.

    Investment Summary

    ASX Code: CAY | Page 12

  • Company Disclaimer & Competent Person Statement

    Forward Looking Statements Forward-Looking Statements: This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Canyon Resources Ltds exploration program and other statements that are not historical facts. When used in this document, the words such as "could," "plan, "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements. Although Canyon Resources Ltd believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.

    Competent Person Statement

    The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Roger Speers, an employee of the Company and a Competent Person who is a Member Australian Institute of Geoscientists. Mr Speers has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity to which he is undertaking to qualify as a Competent