Business Summary

Canyon Resources Limited is an Australia-based company, which is engaged in bauxite exploration and engineering studies. It is focused on the development of the Minim-Martap Bauxite Project, a direct shipping ore (DSO) project development opportunity in central Cameroon. The Minim Martap Project is a bauxite deposit located in the Adamawa region of Cameroon. The project encompasses two deposits, namely the Ngaoundal and Minim Martap deposits, which are located approximately 25 kilometers of each other. The total area of the permits is approximately 1,349 square kilometers (km2). The Company's other projects include Birsok Project and Burkina Faso Project. Birsok Project is located in central Cameroon and is comprised of two permits over 1,462 km2, located along raised plateau similar to the nearby Minim Martap Deposit. The Burakina Faso Project accounts for West Africa’s greenstone belt exposure. These belts cover approximately 3,000 (km2) making the area’s exploration potential.