Canyon Resources Limited · ASX:CAY
Canyon Resources — Investor Presentation (September 2025)
29 slides from Canyon Resources's investor presentation, Sep 1, 2025
Slide 1: Developing a Global Tier One Bauxite Project
Developing a Global Tier One Bauxite Project September 2025
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: The Next Major ASX-Listed Bauxite Producer
The Next Major ASX-Listed Bauxite Producer Canyon Resources is rapidly developing its Minim Martap Bauxite Project, located in Cameroon, into production in early 2026 Minim Martap is a tier-one bauxite asset, ranking among the world’s highest-grade deposits, with >1Bt of Resource including 144 Mt Re
Slide 5: DFS Results Confirm a Low-Cost, Long-Life Bauxite Operation
DFS Results Confirm a Low-Cost, Long-Life Bauxite Operation US$96M US$34.7/wmt US$835M 29% Stage 1 Capex C1 Costs LOM average NPV6 (pre-tax) IRR (pre-tax) US$10 - 15/t 144MT 51% 2% 51%/2% Price Ore Reserve Al2O3 % Silica % Premium to GBIX (Excluding Makan & Ngaoundal) US$174M/annum 1.2, 6.5, 10Mtpa
Slide 6: Minim Martap – MRE and Reserve Upgrade
Minim Martap – MRE and Reserve Upgrade • 33% increase in Ore Reserves at Minim Martap Ore (DMT) Alumina (Al2O3) Silica (SiO2) to 144Mt of ore at 51.2% Al2O3 and 1.7% Si Total Ore Reserves1 144.0 51.2% 1.7% • High alumina grade of >51% and low silica Proved 133.3 51.2% 1.7% content will command a lon
Slide 7: Minim Martap Project
Minim Martap Project 7
Slide 8: Delivering on Fast-Track Production Strategy - Key Milestones Completed
Delivering on Fast-Track Production Strategy - Key Milestones Completed 2024 2025 2026 Mining Convention (July) Inland Rail Facility (IRF) (February) • Initial fleet of new locomotives and Mining Licence (September) Acquisition of 9.1% stake in Camrail wagons delivered (January) (March) • Fi
Slide 9: >1 Billion Tonnes of High Alumina, Low Silica Bauxite Being Developed
>1 Billion Tonnes of High Alumina, Low Silica Bauxite Being Developed www.canyonresources.com.au I Page: 9
Slide 10: Impressive Project Economics – CAPEX of US$96M to First Shipment
Impressive Project Economics – CAPEX of US$96M to First Shipment • Minim Martap has exceptional economics, based on its low CAPEX and existing infrastructure ANNUAL CASH FLOW IN REAL TERMS • Stage 1 CAPEX to first ore shipment of US$96M • AFG Bank Cameroon (AFG) debt facility of US$140M and existing
Slide 11: Impressive Project Economics
Impressive Project Economics1 Avg Avg Production Unit LOM Realised price First Prod Yr (20 year) (20 year) Mine Life Years 20 Shipping cost to China US$/dmt 17 17 Production dmt 144.0 7.2 GBIX price CIF China US$/dmt 76 67 Minim Martap price premium US$/dmt 12 11 Capital Minim Martap price CIF China
Slide 12: Operations – A High-Quality Bauxite Product
Operations – A High-Quality Bauxite Product • Staged ramp up from 1Mtpa to 10Mtpa of DSO product, as World Bank funded PQ2 rail upgrade is completed • Operations to commence at the Danielle Plateau and then transition to Beatrice and Raymonde • Throughout the Life of Mine (LoM), Canyon will maintain
Slide 13: 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 14: Financing Secured for Stage 1 and Long-Lead Items Purchased
Financing Secured for Stage 1 and Long-Lead Items Purchased • Major site, port and rail development activities progressing to ensure production start timeline • 9.1% ownership in Camrail S.A, provides Camalco Cameroon SA a direct stake in rail infrastructure and a position on the Camrail Board. The
Slide 15: Inland Rail Facility Groundbreaking
Inland Rail Facility Groundbreaking • Groundbreaking ceremony commenced - construction of Inland Rail Facility (IRF) and upgrade of ore haulage access road • Ceremony attended by senior government members, community members, Canyon Executive Chairman Mr Mark Hohnen and cornerstone investor EEA • IRF
Slide 16: Strong ESG Principles to Deliver Long-Term Benefits
Strong ESG Principles to Deliver Long-Term Benefits 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
Slide 17: 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 in financing to the Cameroon-Chad Transport Corridor (April Population 30M 2024)2 GDP $57.75B • Loan of ~US$359M from African Development Bank to imp
Slide 18: First Bauxite Shipment in 2026
First Bauxite Shipment in 2026 SIGNIFICANT EXISTING INFRASTRUCTURE AND PROJECT FINANCING ALLOWS A FAST-TRACK DEVELOPMENT PROGRAM TO START 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 Min
Slide 19: Bauxite Market
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Slide 20: Chinese Dominance in Bauxite and Alumina Supply
Chinese Dominance in Bauxite and Alumina Supply SECURITY OF SUPPLY BECOMING A SIGNIFICANT FOCUS OF DOWNSTREAM PRODUCERS OUTSIDE OF CHINA Source: CRU Group, USGS Notes: (1) Metallurgical grade alumina (2) Guinea bauxite supply figures also comprise an insignificant share of Ghana and Sierra Leone sup
Slide 21: 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) >51% MINIM MARTAP BAUXITE WILL COMMAND GROWING NEED FOR ALTERNATIVE RELIABLE, ~US$11/t PREMIUM OVER GBIX (2) LONG-TERM SUPPLY 5 YEAR GBIX PRICING ($US/T): Source: (1) www.emergenresearch.com/industry-report/bauxite-market (2) CM Gro
Slide 22: Looking Ahead
Looking Ahead 22
Slide 23: Minim Martap to Become the Next Major Global Bauxite Operation
Minim Martap to Become the Next Major Global Bauxite Operation Through the location of Minim Martap in Cameroon, Canyon is well-positioned to become a key supplier to key international bauxite markets • Globally significant bauxite India’s fast urbanisation and booming demographics will demand bauxi
Slide 24: Leading Team With +200 Years of Combined Industry Experience
Leading Team With +200 Years of Combined Industry Experience Management Board of Directors Peter Secker - Chief Executive Officer Mark Hohnen – Executive Chairman Over 40 years of project development experience including 20 years as Involved in the resources sector since late 1970s. Brings extensive
Slide 25: Long-Term Strategic and Supportive Shareholder with Proven African Mining Experience
Long-Term Strategic and Supportive Shareholder with Proven African Mining Experience $0.35 25,000,000 Volume Last Price A$0.265 $0.30 20,000,000 $0.25 $0.20 15,000,000 A$/Share $0.15 10,000,000 $0.10 5,000,000 $0.05 $0.00 0 June 2024 September 2024 December 2024 March 2025 June 2025 PROJECT SHAREHOL
Slide 26: 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 27: 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 28: 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 29: Appendix – Key risks (2/2)
Appendix – Key risks (2/2) Third Party Agreements The Company is required to negotiate and agree commercial terms with both private companies and Government instrumentalities in order to access rail and port infrastructure and services. Further, the ability to make FID is dependent on the Company en
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