Canyon Resources (ASX:CAY) signed a mining convention for the Minim-Martap bauxite project in Cameroon, according to a Wednesday filing with the Australian bourse.
The mining convention details the agreement by which company subsidiary Camalco Cameroun can mine and export alumina and bauxite upon the grant of a mining permit.
The execution of the mining convention is a mandatory prerequisite for the issuance of the mining permit.
Canyon Resources shares rose 1% in recent trade.
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