March 2015 Investor Roadshow Canyon Resources presented their latest investment updates to over 300 people in Melbourne and Sydney. Managing Director, Phil Gallagher, gives an overview of their current position and opportunities. For more information go to http://www.canyonresources.com.au For more information about Symposium’s Investor Roadshows, visit http://symposium.net.au/InvestorRoadshow/

2. The
Birsok
Bauxite
Project
-­‐
Cameroon
ASX
Code:
CAY
|
Page
2
High
Grade
Low
Impurity
Bauxite
! Drilling
has
returned
high-­‐grade,
low
impurity
bauxite
mineralisa?on.
! Mul?ple
intersec?ons
of
>50%
Al2O3
with
low
silica.
! Posi?ve
results
from
metallurgical
tes?ng.
! High
grade
nature
of
the
mineralisa?on
indicates
DSO
poten?al.
Follow
Up
ExploraCon
and
Drilling
on
addiConal
Plateaux
! Landcruiser
mounted
Aircore
drilling
rig
ideally
suited
for
bauxite
drilling
has
been
secured.
! Geological
teams
working
on
site
since
January
2015.
! Infill
drilling
and
tes?ng
targeted
new
plateaux
Expanding
the
Project
Footprint
! Applica?on
has
been
lodged
for
an
addi?onal
permit
to
the
south
west
of
the
Birsok
Project.
! Approval
expected
imminently
! Poten?al
opportunity
to
acquire
exis?ng
resources.
ExisCng
Infrastructure
! Exis?ng
rail
line
10km
from
project,
mul?ple
exis?ng
port
op?ons.
! Posi?ve
rail
study
based
on
technical
data
has
been
completed.
! MOU
signed
with
rail
and
port
operators
to
speed
up
nego?a?ons
for
rail
and
port
access.
Strong
Bauxite
Market
! Large
customers
securing
new
regions
of
bauxite
supply.
! Upward
price
pressure
on
bauxite,
reports
of
contracts
>$80pt
for
DSO
bauxite
out
of
West
Africa.
www.bauxiteindex.com

3. • Three
bauxite
licenses
(one
in
applica?on)
in
central
Cameroon
covering
1,800km2
• Con?guous
to
the
large,
high
grade
Minim
Martap
deposit
• Strategically
located
close
(~10km)
to
suitable
opera?ng
rail
line
that
runs
directly
to
exis?ng
port.
• MOU
signed
with
rail
and
port
operators
• Ini?al
high
grade
results
validate
the
poten?al
for
DSO
opera?on
• 17
new
priority
plateau
iden?fied
on
Birsok
and
Mandoum
permits,
similar
to
the
high
grade
bauxite
previously
drilled
on
Birsok.
ASX
Code:
CAY
|
Page
3
Birsok
Bauxite
Project
Project
Overview
RC
Rig
from
the
Phase
1
drilling
program
Bauxite
Plateau
on
the
Birsok
project

4. ASX
Code:
CAY
|
Page
4
Birsok
Bauxite
Project
Accessible
Rail
and
Port
Infrastructure

5. ASX
Code:
CAY
|
Page
5
Birsok
Bauxite
Project
Emerging
Aluminium
Province
! Black
symbols
showing
the
plateaux
drilled
in
the
Phase
1
drilling
program
! The
new
Mambal
Permit
under
applica?on
(in
red
outline)

6. • Results
from
drilling
highlight
significant
thick,
high
grade,
bauxite
mineralisa?on
from
surface
• Significant
Intersec?ons
include:
– 11m
@
51.9%
Al2O3
and
2.95%
total
SiO2
from
surface
– 10m
@
54.4%
Al2O3
and
2.6%
total
SiO2
from
surface
– 7m
@
55.5%
Al2O3
and
1.7%
total
SiO2
from
surface
– 6m
@
54%
Al2O3
and
2.62%
total
SiO2
from
surface
– 5m
@
46.5%
Al2O3
and
2.9%
total
SiO2
from
surface
and
6m
@
55.4%
Al2O3
and
4%
total
SiO2
from
9m
• Very
posi?ve
metallurgical
test
results
with
up
to
53.5%
available
alumina
with
<1%
reacCve
silica,
intersec?ons
included;
– 6m
@
48.8%
AvAl
and
1.8%
Rx.SiO2
– 6m
@
47.1%
AvAl
and
3.8%
Rx.SiO2
• Contaminant
levels
are
low
in
high
grade
bauxite
zones
• Addi?onal
high
priority
plateaux
iden?fied.
ASX
Code:
CAY
|
Page
6
Targe?ng
DSO
Grade
Resource
First
hole
drilled
on
the
Birsok
Bauxite
Project,
Cameroon
Grey-­‐purple
bauxite
from
Plateau
DJ27

7. • 6
wheel
drive
Landcruiser
mounted
aircore
drilling
rig
has
been
secured,
will
achieve
significant
savings
from
future
drilling
and
guarantee
on
going
access.
• Geological
teams
have
been
on
site
since
Jan
2015.
Mapping,
drilling
hole
iden?fica?on
and
clearing
will
be
completed
during
March
2015
and
ready
for
commencement
of
drilling.
•
Gran?ng
of
applica?on
permit
expected
imminently
and
explora?on
will
commence
immediately
upon
receiving
that.
ASX
Code:
CAY
|
Page
7
Developing
and
Growing
the
Birsok
Project
6WD
landcruiser
mounted
aircore
rig
acquired
by
Canyon

8. • Exis?ng
Camrail
rail
line
runs
to
port
within
10km
of
project.
• Completed
ini?al
infrastructure
study
shows
the
suitability
of
the
exis?ng
rail
line
and
port
for
a
2-­‐3Mt
pa
DSO
bauxite
project.
• MOU
signed
with
the
rail
and
port
operators.
• Over
€300M
to
be
invested
in
rail
infrastructure
from
World
Bank
and
Cameroon
govt
is
underway.
• New
Kribi
deep
water
port
in
southern
Cameroon
commenced
opera?ons
in
August
2014
• New
rail
spur
planned
for
access
to
the
new
Kribi
deep
water
port
Birsok
Bauxite
Project
Mul<ple
Transport
and
Logis<c
Op<ons
Ar?sts
impression
of
completed
Kribi
deep
water
port
Freight
train
on
the
Camrail
network

9.
ASX
Code:
CAY
|
Page
9
Source:
Bauxite
Long
Term
Market
Outlook,
2013
(CRU)
Aluminium
Produc?on
Increase
Drives
Demand
for
Bauxite
Growth markets for aluminium and alumina are in Chi
0
10
20
30
40
50
60
70
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Productionofaluminium(mtonnes)
Africa Asia (excluding China) China
Australasia Central & South America Europe
North America
0
20
40
60
80
100
120
140
160
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Productionofalumina(mtonnes)
Africa Asia (excluding China) China
Australasia Central & South America Europe
North America
Aluminium production, 2000-2018 Alumina production, 2000-2018
Source: Bauxite Long Term Market Outlook, 20
Source: CRU Source: CRU
! 5-­‐6
tonnes
of
bauxite
are
required
to
produce
1
ton
of
aluminium
! Forecast
aluminium
produc?on
will
require
60Mt
of
NEW
bauxite
produc?on
annually
by
2018.
! Growing
global
demand
for
high
grade
bauxite
! Growth
in
aluminum
capacity
in
China,
Russia,
India
and
Middle
East
is
increasing
demand
for
bauxite
! Smelters
globally
are
securing
long
term
supplies
of
bauxite
and
alumina
! Upward
price
pressure
on
high
grade
bauxite
supplies
out
of
West
Africa

10. Secure
value
from
Projects
in
Burkina
Faso
via
strategic
deals
! Earn
in
agreement
signed
with
Acacia
Mining
on
the
Pinarello
and
Konkolikan
• Derosa
Project
! JV
with
ASX
listed
Rumble
Resources
! Currently
inves?ga?ng
opportuni?es
on
other
projects
ASX
Code:
CAY
|
Page
10
Burkina
Faso
Gold
Projects

11. Corporate
Overview
ASX
Code:
CAY
|
Page
11
Capital Structure
Ordinary
Shares
on
issue 123m
Listed Options on Issue
Exercisable @ 6c
Exercisable @ 16c
61m
14m
Unlisted
Op?ons
on
issue
13m
Market
CapitalisaCon
(undiluted
at
4.1cps) $5m
Cash
(at
31
Dec
2014) $752k
Debt
Nil
Major
Shareholders
(current) %
Interest
HSBC
Custody
Nominees
8.14%
Asterion
AV
Ltd
6.51%
Mr
W
H
Hernstadt
1.86%
• Tight
capital
structure
and
suppor?ve
shareholders
• Introduc?on
of
Altus
Strategies
as
a
major
shareholder
(8m
shares)
•
Highly
leveraged
to
success
• Ac?ve
explora?on
and
drilling
program
planned
along
with
logis?cal
and
development
work
to
advance
the
project
Directors)
Mr
Rhoderick
Grivas
-­‐
Chairman
Mr
Phillip
Gallagher
–
Managing
Director
Mr
David
Netherway
–
Non
Exec
Director
Mr
Mamhew
Shackleton
–
Non
Exec
Director

12. • Focus
on
targe?ng
a
high
grade,
low
CAPEX,
DSO
bauxite
project
in
Cameroon.
• High
grade
bauxite
with
low
contaminants.
• Poten?al
for
fast
development
and
ini?al
produc?on.
• Posi?ve
results
from
ini?al
rail
and
port
studies,
technically
capable
of
bauxite
transport
and
capacity
is
available.
• MOU
with
rail
and
port
operators
in
country
to
advance
the
development
of
an
infrastructure
solu?on.
• Cameroon
government
suppor?ve
of
developing
the
Birsok
Project.
• Canyon
is
one
of
few
junior
resource
companies
providing
exposure
to
bauxite.
• Upward
pressure
on
global
bauxite
prices
due
to
increasing
demand,
par?cularly
from
China.
! Recent
contracts
from
West
Africa
reported
at
>$80
per
tonne
www.bauxiteindex.com
• Highly
leveraged
to
explora?on
success,
with
a
suppor?ve
shareholders
and
a
?ght
capital
structure.
Investment
Summary
ASX
Code:
CAY
|
Page
12

13. Company Disclaimer
& Competent Person Statement
Forward Looking Statements
Forward-Looking Statements: This document may include forward-looking statements. Forward-looking statements include, but are not limited
to, statements concerning Canyon Resources Ltd’s exploration program and other statements that are not historical facts. When used in this
document, the words such as "could," "plan,“ "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-
looking statements. Although Canyon Resources Ltd believes that its expectations reflected in these forward-looking statements are
reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these
forward-looking statements.
Competent Person Statement
The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on
information compiled by Mr Roger Speers, an employee of the Company and a Competent Person who is a Member Australian Institute of
Geoscientists. Mr Speers has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and
to the activity to which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Speers consents to the inclusion of the matters based on his
information in the form and context in which it appears.
Bauxite sample 63.79% Al2O3, Birsok
Alures: Gallery
Extensive bauxite outcropBirsok licence landscape BauxiteBauxite
sample
63.79%
AI2O3
Outcropping
bauxite
on
the
project
area

14.
Contact
Details
ASX
Code:
CAY
|
Page
14
ASX:CAY
www.canyonresources.com.au
Phil Gallagher
Managing Director
Ph: (08) 6143 4256
M: +61 (0)417 980 690
Email: pgallagher@canyonresources.com.au
Rhod Grivas
Chairman
Ph: (08) 6143 4256
Email: rhod@grivas.com.au
353 Rokeby Rd
Subiaco, Western Australia
6004