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CANYON RESOURCES LIMITED (CAY)

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ASX, Legal & CGT Status

Former (or subsequent) names

 

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Our website ranking of CAY: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Computershare Perth
Level 17, 221 St Georges Terrace, Perth WA 6000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000CAY9
Address: 945 Wellington Street West Perth, WA, 6005
Tel:  +61 8 9322 7600Fax: +61 (8) 9324 1502

Date first listed: 15/06/2010
Company Secretary: Matthew Worner
Sector: Materials Industry Group: XMJ
Activities: Gold exploration

News & Events

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The suspension of trading in the securities of Canyon Resources Limited will be lifted immediately following the release by CAY of an announcement regarding a bankable feasibility study and a capital raising.

21/06/2022

The company releases a notice of proposed issue of securities.

21/06/2022

The company releases an Investor Presentation.

21/06/2022

Canyon Resources Limited's Bankable Feasibility Study confirms the Minim Martap Bauxite Project as a robust long-term project producing some of the highest grade bauxite in the world for an initial 20 years of mining. The Project will produce up to 6.4Mt of high-grade bauxite per annum over 20 years, representing a 28% increase from the PFS. The Project will produce high grade bauxite averaging 51.1% Total Alumina and 2.0% average Total Silica for the first 20 years of operation. Updated Proved Ore Reserve of 108.91Mt at 51.1% Al2O3 and 2.0% total SiO2. A Total Mineral Resource (JORC 2012) estimate of 1,027Mt at 45.3% total Al2O3 and 2.7% total SiO2. Optimised rolling stock configuration and scheduling has increased rail capacity, substantially reducing OPEX from the PFS phase, and resulting in improved project economics. The 20-year mining schedule represents only 10.6% of the current Minim Martap Resource and technical studies have identified opportunities for a significant future increase in production tonnages. The ESIA submission over the Project is complete. The Company's application for a Mining Permit is progressing well with the administrative period for objecting to the processing of the Mining Permit application having passed. The next step is the signing of a Mining Convention with the Government of Cameroon, which the Company believes is imminent. The required documentation has been forwarded by the Minister of Mines to the Prime Minister of Cameroon for approval before signing.

21/06/2022

Firm commitments to raise $5,000,000 through well supported placement to institutional and sophisticated investors. Funds from the Placement will be used for advancement of the Minim Martap Bauxite Project in Cameroon following the release of the positive Bankable Feasibility Study.

21/06/2022

The company requests that its securities remain in voluntary suspension pending the finalisation and release of an announcement in relation to the bankable feasibility study for the Minim Martap Bauxite Project in Cameroon. The announcement is anticipated to be made by commencement of trading on 20 June 2022.

14/06/2022

The company's securities remain in voluntary suspension pending the finalisation and release of an announcement in relation to the Bankable Feasibility study for the Minim Martap Bauxite Project in Cameroon. The announcement is expected to be made on 13 June 2022.

06/06/2022

The company's securities remain in voluntary suspension pending the finalisation of and release of an announcement in relation to the bankable feasibility study for the Minim Martap Bauxite Project in Cameroon. The announcement is anticipated to be made by commencement of trading on 6 June 2022.

30/05/2022

The company requests that its securities remain in voluntary suspension pending the finalisation and release of an announcement in relation to the Bankable Feasibility Study for the Minim Martap Bauxite Project in Cameroon. The announcement is anticipated to be made on 30 May 2022.

23/05/2022

The company requests that its securities remain in voluntary suspension pending the finalisation and release of an announcement in relation to the bankable feasibility study for the Minim Martap Bauxite Project in Cameroon. The announcement on this matter is expected to be made on 23 May 2022.

16/05/2022

The company requests that its securities remain in voluntary suspension pending the finalisation and release of an announcement in relation to the bankable feasibility study for the Minim Markap Bauxite Project in Cameroon. The announcement is anticipated to be made by commencement of trading on 16 May 2022.

09/05/2022

The securities of Canyon Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CAY, pending the release of an announcement regarding a Bankable Feasibility Study for the Minim Martap Bauxite Project in Cameroon.

04/05/2022

The suspension of trading in the securities of Canyon Resources Limited will be lifted from the commencement of trading on Monday, 28 February 2022, following the release by CAY of an announcement regarding recent reports relating to exploration of the Makan and Ngaoundal areas in Cameroon.

28/02/2022

Canyon has been granted two year extensions for the Makan and Ngaoundal bauxite research permits.

28/02/2022

The securities of Canyon Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CAY, pending the release of an announcement regarding recent reports relating to exploration of the Makan and Ngaoundal areas in Cameroon.

23/02/2022

The suspension of trading in the securities of Canyon Resources Limited will be lifted immediately, following receipt of a response to an ASX aware query letter.

21/08/2018

The company issues a response to ASX Aware Query.

21/08/2018

The company has received commitments from institutional and sophisticated investors to raise $5.0 million in a heavily oversubscribed placement. The Company will issue 32,258,064 new shares at $0.155 per share under the Company's existing 7.1 placement capacity. The proceeds will be used to further develop the Company's Minim Martap Bauxite Project in Cameroon. The placement price represents a 8.3% discount to the 30-day volume weighted average price (VWAP) of $0.163 and a 16.9% discount to the 15 day VWAP of $0.181. The Company expects to complete the capital raising within the next 5 business days.

21/08/2018

The securities of Canyon Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CAY, pending the response to an ASX Query.

21/08/2018

The suspension of trading in the securities of Canyon Resources Limited will be lifted immediately following the release by the Company of an announcement regarding a project acquisition.

09/08/2018

The Company is still in progress with finalising the Announcement and the Company have confirmed that it will be in a position to request the lifting of the suspension for the commencement of trading on Thursday, 9 August 2018.

08/08/2018

The securities of Canyon Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of the Company, pending the release of an announcement regarding an asset acquisition.

06/08/2018

listed entity carried for record purposes only

15/06/2010

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    14/02/2024Mark Hohnen557,380$0.072$39,989
    08/08/2022Mark Hohnen450,000$0.055$24,750
    22/02/2019Emmanuel Correia-350,000$0.232$81,246
    05/10/2018David Netherway-710,000$0.201$142,523
    03/12/2015David Netherway850,000$0.046$39,280

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Mark HohnenNon Exec Chairman08/08/2022
    Jean-Sebastien BoutetCEO01/01/2022
    David NetherwayNon Exec Director17/03/2014
    Scott PheganNon Exec Director08/08/2022
    Peter SuNon Exec Director16/09/2020
    Gaurav GuptaNon Exec Director29/11/2023

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Cliff LawrensonNon Exec Chairman10/12/202008/08/2022
    Steven ZaninovichNon Exec Director30/01/201908/08/2022
    Phillip GallagherManaging Director19/10/200911/07/2022
    Nick AllanCFO20/04/202028/05/2021
    Dimitri BacopanosNon Exec Director21/10/202026/03/2021
    Emmanuel CorreiaNon Exec Director20/07/201612/12/2020
    John LewisCFO18/10/201817/04/2020
    Rhoderick GrivasNon Exec Chairman11/12/200920/07/2016
    Matthew ShackletonNon Exec Director19/10/200929/05/2015
    Tom GalopoulosNon Exec Director11/12/200931/03/2011

    Date of first appointment, title may have changed.