Canyon Resources Ltd Aus has entered into a joint venture (JV) agreement t o acquire up to a n initial 75% interest in the Birsok Bauxite Project in central Cameroon. The project has been confirmed by the JV partner, Altus Group (Altus), to contain high - grade bauxite which has the potential to be premium - quality direct shipping ore (DSO). The land position is contiguous to the large high - grade Minim Martap bauxite deposit s, which a re considered to be world - class (estimated at +450Mt @ ~46% Al 2 O 3 (non JORC)). Importantly, the project is located within ~10km of an existing rail line, which is considered capable of transporting commercial quantities of bauxite.
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