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Actualités of Monday, 23 February 2015

Source: proactiveinvestors.com.au

Canyon Resources assess logistics for bauxite project

Canyon Resources (ASX:CAY) has signed a memorandum of understanding with Bolloré Africa Logistics Cameroon, operators of the Doula port and Camrail SA.

This covers assessment of key logistics and transport services required to develop and operate the Birsok Bauxite Project as a DSO bauxite operation.

Douala Port in Cameroon is directly serviced by the existing Camrail rail line running about 10 kilometres from the Birsok Project to the port.

Initial studies indicate that the rail line has the capability and capacity to transport commercial quantities of bauxite to the Douala Port.

The Birsok Bauxite Project is strategically located in an emerging bauxite region of Cameroon, contiguous with the world class Minim Martap bauxite deposit.