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Press releaseGlobeNewswire· January 8, 2026

Minim Martap Development Update

View original at globenewswire.com
Minim Martap Development Update Highlights The surface miner has arrived in Cameroon, with mining operations scheduled to commence in February 2026.Delivery of locomotives and wagons scheduled in Q1, 2026…
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  • The alumina refinery Feasibility Study is progressing well and is 45% complete

    80% confidence

  • EEA reaffirms commitment to completing the A$100 million Tranche 2 equity funding subject to shareholder approval anticipated in early March 2026

    80% confidence

  • Ore haulage from the Inland Rail Facility to the Port of Douala is planned for Q2, 2026

    80% confidence

  • Discussions with Camrail regarding the increase in ownership from 9% to approximately 35% are ongoing and expected to be completed in Q1, 2026

    80% confidence

  • First bauxite shipment targeted for late June 2026

    80% confidence

  • Canyon is fully funded through Stage 1 production through a balanced mix of debt and equity

    80% confidence

  • Discussions with Camrail regarding an increased equity interest are nearing completion and expected to support greater involvement in critical rail infrastructure upgrades

    80% confidence

  • Delivery of locomotives and wagons scheduled in Q1, 2026

    80% confidence

  • The alumina refinery Feasibility Study is advancing well and reinforcing Canyon's long-term, value-add development strategy

    80% confidence

  • Key operational milestones continue to be achieved across mining, logistics and infrastructure workstreams

    80% confidence

  • Afriland remains fully supportive of Canyon and the advancement of the Minim Martap Bauxite Project

    80% confidence

  • The surface miner has arrived in Cameroon, with mining operations scheduled to commence in February 2026

    80% confidence

  • Canyon continues to make strong progress across key project milestones

    80% confidence

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