Ann: Canyon commences drilling at Minim Martap, page-13

This project will continue as they continue the run into PFS at end of Q1. So, 12 weeks to see how big it looks like growing.

Given what we already know about the project via the historical SRK Consulting report (ASX 9-8-2018), I believe this 'province' will turn out to rival the Guinea deposits.

If so, this will grow well beyond a billion tonnes and most importantly, low reactive silica. For those that don't yet understand the importance of this factor, re-active silica adds tens of dollars per percentage point to the cost of a refinery converting bauxite into Alumina. If the re-active silica is low, (2% is very low) the attraction of that ore to an Alumina refinery is heightened considerably. Hence, even in tough markets, it attracts a premium and is first ore purchased. As an example compare the two following images taken from live pricing this morning. (The bauxite is also dramatically less environmentally damaging)

The first, 12 % reactive silica, all other attributes identical.(Typical of some of the western Chinese bauxite)

The next 6%

And this one Canyon's bauxite

Should their benification processing work,  they could be shipping 60% plus bauxite...so a stretch target

All we need to see now is a Kribi rail link to further improve economics and we know they are working on it. 

I am looking forward to the news flow in the next 3 months.