Canyon Resources Limited · ASX:CAY
Canyon Resources — Investor Presentation (February 2026)
20 slides from Canyon Resources's investor presentation, Feb 11, 2026
Slide 1: Developing a Global Tier One Bauxite Project
Developing a Global Tier One Bauxite Project February 2026
Slide 2: Disclaimer
Disclaimer The following notices and disclaimers apply to this presentation and you are therefore advised to read this carefully before Forward looking statements (Continued) reading or making any other use of this presentation or any information contained in this presentation. This presentation is
Slide 3: Disclaimer
Disclaimer JORC Code Not financial product advice It is a requirement for Canyon to report Exploration Results, Mineral Resources and Ore Reserves in compliance with the 2012 This presentation, and the information provided in it, does not constitute, and is not intended to constitute, financial prod
Slide 4: 2026 Production-Ready: ASX's Next Major Bauxite Producer
2026 Production-Ready: ASX’s Next Major Bauxite Producer Canyon Resources is accelerating development of the Minim Martap Bauxite Project in Cameroon, ahead of production in February 2026 and first trial bauxite shipment scheduled mid 2026 with full-scale shipments scheduled Q4,2026 Minim Martap is
Slide 5: Delivering on Fast-Track Production Strategy
Delivering on Fast-Track Production Strategy 2024 2025 2026 Mining Convention (July) Inland Rail Facility (IRF) (February) Delivery of surface miner to Port of Mining Licence (September) Acquisition of 9.1% stake in Camrail (March) Douala (January) MRE & Reserve upgrade drilling Acquis
Slide 6: Key Equipment Ready for Delivery
Key Equipment Ready for Delivery Camalco Wagon Surface Miner Camalco Locomotive Arrival of Surface Miner to Port www.canyonresources.com.au I Page: 6
Slide 7: Minim Martap – MRE and Reserve Upgrade
Minim Martap – MRE and Reserve Upgrade Ore (DMT) Alumina (Al2O3) Silica (SiO2) Total Ore Reserves1 144.0 51.2% 1.7% Proved 133.3 51.2% 1.7% Probable 10.7 51.8% 1.7% Total Mineral Resources2 1,102 45.3% 2.7% Measured 394 46.8% 2.1% Indicated 502 44.7% 2.9% Inferred 206 44.0% 3.4% (1) Ore Reserves rep
Slide 8: Operations – A High-Quality Bauxite Product
Operations – A High-Quality Bauxite Product • Staged ramp up from 1Mtpa to 10Mtpa of DSO product, enabled by the World Bank funded PQ2 rail upgrade • Operations to commence at the Danielle Plateau and then transition to Beatrice and Raymonde • Canyon will maintain a low silica grade of less than 2%
Slide 9: Simple Pathway from Resource to Revenue
Simple Pathway from Resource to Revenue Mine & Site Infrastructure Existing Road and IRF Rail and Rolling Stock Port and Shipping • Low strip ratio • Upgrade existing road to 11m width • Order for locomotives and wagons • Existing facility with rail access • 10 MTPA DSO • 2 x village diversion place
Slide 10: Impressive Project Economics – CAPEX of US$96M to First Shipment
Impressive Project Economics – CAPEX of US$96M to First Shipment • Stage 1 CAPEX to first ore shipment of US$96M ANNUAL CASH FLOW IN REAL TERMS • AFG Bank Cameroon (AFG) debt facility of US$140M and existing cash in excess of Stage 1 capital development costs • NPV6 (Pre-tax) of US$835M and IRR (Pre
Slide 11: First Bauxite Shipment in 2026
First Bauxite Shipment in 2026 SIGNIFICANT EXISTING INFRASTRUCTURE AND PROJECT FINANCING ALLOWING FAST-TRACKEDD DEVELOPMENT AHEAD OF PRODUCTION IN EARLY 2026 2025 2026 2027 Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Debt Financing Mining c
Slide 12: Bauxite Demand Predicted to Grow at >3.5% CAGR over next Decade
Bauxite Demand Predicted to Grow at >3.5% CAGR over next Decade (1) MINIM MARTAP BAUXITE WILL COMMAND >51% GROWING NEED FOR ALTERNATIVE RELIABLE, (~US$11/t) PREMIUM OVER GBIX (2) LONG-TERM SUPPLY 6 YEAR GBIX PRICING (41% Al2O3 $US/T): 140 120 100 80 60 40 20 Jan-20 Jan-21 Jan-22 Jan-23 Jan-24 Jan-25
Slide 13: Cameroon, a Supportive Mining Jurisdiction
Cameroon, a Supportive Mining Jurisdiction Project and Industry Support Key Cameroon Economic Statistics 20251 (in US$) • World Bank committed US$816M to the Cameroon-Chad Transport Corridor (April 2024)2 Population 30M • African Development Bank approved loan of ~US$359M to upgrade Douala-Ndjamena
Slide 14: Delivering Meaningful Impact in Cameroon
Delivering Meaningful Impact in Cameroon CAMALCO IS DEDICATED TO DRIVING ECONOMIC GROWTH & REGIONAL DEVELOPMENT ACROSS OPERATIONAL AREAS, THROUGH COLLABORATION WITH LOCAL COMMUNITY & RELEVANT AUTHORITIES ENVIRONMENT SOCIAL GOVERNANCE Responsible environmental The local community strongly • Camalco &
Slide 15: Long-Term Strategic and Supportive Shareholder with Proven African Mining Experience
Long-Term Strategic and Supportive Shareholder with Proven African Mining Experience 0.35 25000000 Volume Last Price 0.3 A$0.220 20000000 0.25 0.2 15000000 A$/Share 0.15 10000000 0.1 5000000 0.05 0 0 June 2024 September 2024 December 2024 March 2025 June 2025 September 2025 December 2025 PROJECT SHA
Slide 16: Leading Team With +200 Years of Combined Industry Experience
Leading Team With +200 Years of Combined Industry Experience Board of Directors Management Mark Hohnen – Executive Chairman Peter Secker - Chief Executive Officer Involved in the resources sector since late 1970s. Brings extensive Over 40 years of project development experience including 20 years as
Slide 17: A Globally Significant, High-Grade, Long-Life Bauxite Operation
A Globally Significant, High-Grade, Long-Life Bauxite Operation WORLD-CLASS AND LONG-LIFE • Ore Reserve of 144Mt at 51.2% Al2O3 and 1.7% SiO2 + a JORC Mineral Resource BAUXITE PROJECT Estimate of 1,102Mt at 45.3% Al2O3 • Initially targeting high grade 53% Al2O3 and 1.6% SiO2 with very low strip rati
Slide 18: Thank you
Thank you Authorised for release by the Board of Canyon Resources Limited Peter Secker (CEO) info@canyonresouces.com.au Address Canyon Resources Limited 3 Richardson Street West Perth WA 6005 Postal Address Canyon Resources Limited 3 Richardson Street West Perth WA 6005 Registered Address Canyon Res
Slide 19: Appendix – Key risks (1/2)
Appendix – Key risks (1/2) Some of the key risks associated with an investment in the Company are summarised below. These risks and other general risks applicable to all investments in listed securities not specifically referred to, may affect the value of the Shares in the future. Accordingly, an i
Slide 20: Appendix – Key risks (2/2)
Appendix – Key risks (2/2) Definitive Feasibility Study The Company's Definitive Feasibility Study (DFS) released on 1 September 2025 was based on a number of assumptions, estimates and projections, including geological and engineering estimates, which may prove to be inaccurate. The accuracy of any
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