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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.
! 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
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
Growth markets for aluminium and alumina are in China
Africa Asia (excluding China) China
Australasia Central & South America Europe
Africa Asia (excluding China) China
Australasia Central & South America Europe
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
! Currently inves?ga?ng opportuni?es on other projects
ASX Code: CAY | Page 10
Burkina Faso Gold Projects
ASX Code: CAY | Page 11
Ordinary Shares on issue 123m
Listed Options on Issue Exercisable @ 6c Exercisable @ 16c
Unlisted Op?ons on issue 13m
Market CapitalisaCon (undiluted at 4.1cps) $5m
Cash (at 31 Dec 2014) $752k
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
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.
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