HIGHLIGHTS:
• Canyon Resources Ltd has entered into an agreement with MotaEngil Africa providing the framework for the potential development of a total infrastructure and mining solution for the Minim Martap Project.
• Mota-Engil and Canyon will immediately commence the initial rail studies on the existing rail line and the rail link to the Kribi Deep Water Port.
• Mota-Engil has significant expertise in rail construction and related logistics, EPCM capability and construction and mining services.
• Mota-Engil has the ability to assist Canyon in arranging funding for the rail infrastructure solution.
• Mota-Engil is a global construction and infrastructure company with current mining contracting, road and rail construction contracts in Africa
CAY Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held