Canyon said the surface miner had arrived at the Minim Martap mine development, which would enable mining to start in February.

Locomotives and wagons to transport the mined ore to port were scheduled for delivery in the first quarter, with ore haulage set to begin in the second quarter, "supporting first bauxite shipment targeted for late June 2026''.

Looking to value add

While the company will initially export bauxite ore, it was also working on a feasibility study for an alumina refinery, and this work was 45% complete, the company said.

That study was "advancing Canyon's downstream value-add strategy and supporting its objective of positioning the company as an integrated participant in the global aluminium value chain. The study leverages the cost benefits of operating in Cameroon and the project's low-silica, high-grade bauxite, with completion targeted for Q3, 2026''.

The positions of Mine Director and Port Manager had also been filled, the company said.

The company added:

Both appointees are scheduled to be in-country in this month, materially strengthening Canyon's on-the ground leadership team as the company transitions from development into operations. These appointments significantly enhance operational readiness across mining and port logistics and support the continued progression of the Minim Martap Bauxite Project toward first production.

Canyon Chief Executive Officer Peter Secker said the company continued to achieve key operational milestones.

Project readiness continues to be strengthened, with key senior leadership appointments now completed. Downstream value creation remains a key focus, with the alumina refinery feasibility study advancing well and reinforcing Canyon's long-term, value-add development strategy. Canyon is fully funded through stage 1 production through a balanced mix of debt and equity, underpinned by strong support from domestic and international investors and key in-country stakeholders, as the company remains firmly on track toward first production.

The Minim Martap project is located in central Cameroon, near the main rail line leading to the port of Douala.

The company has raised US$160 million in debt and equity to build the mine, which has a mineral resource of 1.1 billion tonnes of ore, and a 144 million tonne reserve at a grade of 51.2%.

The project has an initial 20-year mine plan.

Canyon was valued at $453.7 million at the close of trade on Wednesday.

The post With mining to kick off next month, this bauxite miner's stock is on the rise appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are storming higher:

Canyon Resources Ltd (ASX: CAY)

The Canyon Resources share price is up 9% to 24 cents. This follows the release of an update on the Minim Martap Bauxite Project in Cameroon. According to the release, the surface miner has arrived in Cameroon, with mining operations scheduled to commence in February. Canyon's CEO, Peter Secker, commented: "Following the arrival of the surface miner in Cameroon as well as confirmation of the delivery of the Rolling Stock scheduled in Q1, the key operational milestones continue to be achieved across mining, logistics and infrastructure workstreams. Project readiness continues to be strengthened, with key senior leadership appointments now completed. The Mine Director and Port Manager roles have been filled, with both executives scheduled to be on the ground this month to support the ramp-up to first production."

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is up 22% to 35.5 cents. This is despite there being no news out of the lithium company. The gain was so strong that the Australian stock exchange asked for it to explain the move. Core Lithium responded, stating that it "is not aware of any other explanation that it may have for the recent trading in its securities." Though, with lithium prices rebounding strongly recently, investors may be betting on the company restarting its lithium mining operations in the near future.

Duratec Ltd (ASX: DUR)

The Duratec share price is up 9% to $2.03. This morning, the contractor revealed that its Duratec Ertech Joint Venture has been instructed to proceed with early procurement of approximately $5 million of long lead items. This is to assist program and project timing as part of the early contractor involvement head contract for the planning phase of infrastructure upgrades to support future submarine capability at HMAS Stirling. Managing Director, Chris Oates, commented: "Duratec is proud to play a key role in supporting Australia's future submarine capability through these critical infrastructure upgrades at HMAS Stirling."

Unico Silver Ltd (ASX: USL)

The Unico Silver share price is up 3.5% to 98.5 cents. This silver miner's shares have rallied higher this week following the release of drilling results from its 100%-owned Joaquin Project. Unico Silver revealed that infill and extensional drilling at La Negra SE confirms that there is a broad, shallow zone of oxide silver-gold mineralisation over 850 metres strike and 175 metres vertical extent. Importantly, it remains open to the south-east and at depth. The company's managing director, Todd Williams, commented: "These results confirm the scale and geometry required for conventional open-pit development and support our decision to move directly to a Pre-Feasibility Study Mineral Resource Estimate."

The post Why Canyon Resources, Core Lithium, Duratec, and Unico Silver shares are storming higher appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Breville Group Ltd (ASX: BRG)

The Breville share price is down over 3% to $32.14. This follows the release of results from rival home appliance manufacturer De'Longhi at the end of last week. It seems that some investors believe this update could hint at Breville underperforming expectations in FY 2025. The team at Ord Minnett remains reasonably positive on the company. This morning, in response to the De'Longhi update, the broker has retained its accumulate rating and $35.00 price target on its shares. Though, it acknowledges that there are risks in FY 2026 from US trade tariffs.

Canyon Resources Ltd (ASX: CAY)

The Canyon Resources share price is down almost 4% to 25 cents. This follows the release of an update from the bauxite developer this morning. According to the release, Canyon Resources has completed the first drawdown from its US$140 million credit facility with AFG Bank Cameroon. It will be used towards the purchase of rolling stock and progressing key infrastructure workstreams at the Minim Martap project. Management also revealed that it continues to expect to release its updated definitive feasibility study (DFS) on schedule in August.

Gorilla Gold Mines Ltd (ASX: GG8)

The Gorilla Gold Mines share price is down over 1% to 41.5 cents. This morning, the gold developer revealed that it has completed its updated mineral resource estimate for the Mulwarrie Gold Project. Its new estimate is 3.0 Mt at 3.6g/t Au for 350,000 ounces of contained gold. Management notes that this represents a 340% increase on the previous resource estimate and a 29% increase on the previous resource grade estimate. This appears to have been lower than some investors were hoping.

Star Entertainment Group Ltd (ASX: SGR)

The Star Entertainment share price is down a further 6.5% to 8.6 cents. This casino and resorts operator's shares have come under pressure this month after it was unable to sell its stake in Brisbane's Queen's Wharf development. The company stated: "As of this morning, the parties have been unable to reach agreement on a number of outstanding commercial issues which in turn prevent the finalisation of long form documents. The Star proposed to the Joint Venture Partners an extension of the HoA termination date to 6 August 2025 to allow further time to conclude negotiations. However, the proposed extension by The Star was not accepted by the Joint Venture Partners." There are concerns that this could leave the company on the brink of collapse.

The post Why Breville, Canyon Resources, Gorilla Gold, and Star shares are falling today appeared first on The Motley Fool Australia.

That was slightly weaker than the benchmark S&P/ASX 200 Index (ASX: XJO) but still an impressive result.

The ASX 200 increased by 9.97% and provided total returns of 13.81%, according to S&P Global data.

The ASX All Ords represents the 500 largest listed companies in Australia by market capitalisation.

Among them, eight companies saw their share prices triple over the financial year.

Let's check them out.

The 8 triple-baggers of the ASX All Ords in FY25

For a stock to triple its value, it needs more than 200% share price growth. These eight ASX All Ords shares achieved just that.

1. Larvotto Resources Ltd (ASX: LRV)

ASX All Ords gold and antimony mining share Larvotto shot the lights out in FY25 with a stunning 479% share price growth.

The stock finished the year at 69.5 cents apiece.

Larvotto says its Hillgrove gold and antimony project in NSW is Australia's largest antimony deposit and the eighth largest in the world.

Antimony is a critical metal used in the production of military applications and solar panels.

2. Catalyst Metals Ltd (ASX: CYL)

Shares of ASX All Ords gold explorer Catalyst Metals rose by an astounding 362% to close at $5.22 apiece on 30 June.

Catalyst benefited from strong growth in the gold price, with the commodity rising to a record US$3,500.05 per ounce on 22 April.

3. Meeka Metals Ltd (ASX: MEK)

Another ASX All Ords gold share, Meeka Metals, leapt 333% to close out the year at 14.5 cents per share.

Meeka Metals is a junior gold and rare earths exploration company with a portfolio of projects across Western Australia.

4. Titomic Ltd (ASX: TTT)

Titomic is benefiting from the rising global defence investment theme, with its shares lifting 311% to 30 cents in FY25.

The company offers industrial-scale metal additive manufacturing solutions using its patented kinetic fusion cold spray technology.

The cold spray is used in the development and production of products for the aerospace, defence, and shipbuilding industries.

5. Elsight Ltd (ASX: ELS)

This ASX All Ords tech stock lifted 290% to close at $1.775 on 30 June.

Elsight develops communications technology for unmanned, autonomous systems used in defence, public safety, and commercial sectors.

6. Canyon Resources Ltd (ASX: CAY)

This ASX All Ords materials share rose 236% to close at 24.5 cents on 30 June.

Canyon Resources is a mineral exploration company specialising in high-grade bauxite resources for the global aluminium market.

7. Orthocell Ltd (ASX: OCC)

ASX All Ords healthcare share, Orthocell, rose by 231% to $1.175 on 30 June.

Orthocell is a regenerative biotech that develops therapies to repair soft tissue injuries and regenerate nerve and tendon tissue.

8. Catapult Group International Ltd (ASX: CAT)

This ASX All Ords tech share soared 210% to close at $5.86 per share on 30 June.

Catapult is a global sports data and analytics company.

It provides professional sporting teams with detailed real-time data to optimise athletes' performances. 

The post 8 ASX All Ords shares that tripled in value in FY25 appeared first on The Motley Fool Australia.

The fast-rising stock in question is bauxite miner Canyon Resources Ltd (ASX: CAY).

Bauxite, if you're not familiar with it, is the world's main source of aluminium production.

As for Canyon Resources, shares in the ASX All Ords mining stock closed yesterday trading for 27.0 cents apiece.

That sees shares in the ASX All Ords miner up an eye-popping 275% since 3 July last year, when shares closed the day at 7.2 cents each.

And according to the analysts at Canaccord Genuity, there could be a lot more outperformance to come.

What's been sending the Canyon Resource share price surging?

Canyon Resources is developing the world-class Minim Martap Bauxite Project, located in Cameroon.

According to the company's website, the project contains more than one billion tonnes of high-grade, low contaminant bauxite, "with strong exploration upside". An initial 20-year Life of Mine (ore reserve) was defined in June 2022.

The most recent price-sensitive news from the ASX All Ords mining stock was released on 26 June. Shares have marched higher since that release, after Canyon Resources reported that it had secured project financing and key long lead contracts, confirming its target of shipping the first bauxite in the first half of calendar year 2026.

"Since we received our mining licence in late 2024, we have moved quickly to deliver on our vision of moving the Minim Martap Bauxite Project into production," Canyon executive chairman Mark Hohnen said on the day.

The ASX All Ords mining stock said it had ordered 22 locomotives, with the first delivery expected to arrive in Q1 2026. Canyon has also appointed the main road construction contractor to upgrade the haulage road from Minim Martap.

Why this booming ASX All Ords mining stock could keep outperforming

In a report released on 24 June, following a site visit to Minim Martap, Canaccord analyst Timothy Hoff said the ASX All Ords mining stock "is well capitalised to begin development of Minim-Martap".

That follows on Canyon securing a US$140 million credit facility through the AFG Bank Cameroon, and AU$24.5 million from Eagle Eye Asset Holding, exercising its options.

According to Hoff:

The company is now able to progress with the acquisition of rolling stock (locomotives and wagons) and the development of ore transport infrastructure, including rail and port facilities.

With a staged deployment of capital, we believe the funds currently available will allow the company to set up operations to ultimately achieve the 6.4Mtpa BFS run rate. CAY plans to release a DFS in SepQ'25 with updated economics, optimised operational efficiencies, and confirmation of the preferred pathway to production.

We believe this may allow the company to attract further partnerships by way of further funding investments and/or offtake agreements. Once in production, we believe that any progressive expansion of the operation can be funded through generated cash flow.

Canaccord rates Canyon Resources as a speculative buy.

The fund manager has a 35-cent price target on the ASX All Ords mining stock. That represents a potential upside of nearly 30% from Thursday's closing price.

The post Up 275% in a year, why this ASX All Ords mining stock could keep racing higher into 2026 appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are charging higher today:

Canyon Resources Ltd (ASX: CAY)

The Canyon Resources share price is up 6% to 26.5 cents. This follows news that the bauxite developer has signed a binding agreement with AFG Bank Cameroon for a medium-term syndicated credit facility of US$140 million. This credit facility will be used for the acquisition of locomotives, wagons, the development of rail ore transport infrastructure, and the port facility for the flagship Minim Martap Bauxite Project.

Nufarm Ltd (ASX: NUF)

The Nufarm share price is up 4% to $2.57. This morning, this crop protection company responded to a price query from the Australian stock exchange. Nufarm defended its decision to not update the market on its half year earnings expectations ahead of its results release. It highlights that its earnings were within 10% of consensus estimates. It notes that "an entity which does not have published guidance on foot and is covered by sell side analysts should carefully consider notifying the market if and when it expects there to be a 15% or greater difference between its actual or projected earnings."

Paladin Energy Ltd (ASX: PDN)

The Paladin Energy share price is up a further 13% to $6.53. This uranium miner has been racing higher over the past two sessions thanks to a news that US President Donald Trump is looking to jumpstart the nuclear energy industry. According to the White House, at the end of last week, the President "signed an Executive Order to rapidly deploy advanced nuclear technologies to support national security objectives, including powering artificial intelligence (AI) computing infrastructure and national security installations."

WiseTech Global Ltd (ASX: WTC)

The WiseTech Global share price is up 5% to $105.33. This follows news that the logistics solutions company has signed an agreement to acquire U.S.-based E2open (NYSE: ETWO) for US$2.1 billion (A$3.25 billion). The cloud-based e2open platform connects more than 500,000 manufacturing, logistics, channel, and distribution partners as one multi-enterprise network tracking over 18 billion transactions annually. Founder, executive chair, and chief innovation officer, Richard White, said: "Acquiring e2open is a strategically significant step in achieving our expanded vision to be the operating system for global trade and logistics."

The post Why Canyon Resources, Nufarm, Paladin Energy, and WiseTech shares are charging higher today appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Block Inc. (ASX: XYZ)

The Block Inc. share price is down 4.5% to $138.86. This follows a poor night of trade for the payments company's NYSE-listed shares on Wall Street. It is unclear what caused the selling but profit taking is a possibility. After all, Block's shares were up over 60% in the space of six months before today's pullback.

Canyon Resources Ltd (ASX: CAY)

The Canyon Resources share price is down over 4% to 22.5 cents. This morning, this bauxite developer announced a surprise change of CEO. According to the release, current CEO, Jean Sebastien Boutet, will be transitioning into a new role as chief commercial & corporate development officer from the start of July. He will be replaced by Peter Secker. The release notes that "Secker is a highly accomplished executive and leader, with over 40 years of extensive experience in project development spanning on-site operations and corporate growth within the global mining and resources industry."

Fisher & Paykel Healthcare Corporation Ltd (ASX: FPH)

The Fisher & Paykel Healthcare share price is down a further 1.5% to $31.29. This medical device company's shares have come under pressure this week amid concerns over US trade tariffs. For the first half of FY 2025, approximately 43% of revenue came from the United States. And approximately 60% of US volumes are supplied from the company's Mexico manufacturing facilities. As a result, the company warned that potential US tariffs on Mexican goods would likely delay the achievement of its margin improvement goal by two to three years.

Mesoblast Ltd (ASX: MSB)

The Mesoblast share price is down 3.5% to $3.08. This may have been driven by profit taking from some investors after stellar gains over the past 12 months. Thanks to the long-awaited approval of one of its stem cell therapies by the US FDA, Mesoblast's shares have rallied an incredible 1,000%+ over the past 12 months. Though, it is worth noting that not everyone believes that the gains are over. Bell Potter currently has a speculative buy rating and $3.90 price target on its shares. This implies potential upside of 26% for investors from current levels.

The post Why Block, Canyon, Fisher & Paykel Healthcare, and Mesoblast shares are falling today appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are starting the week on a high:

Canyon Resources Ltd (ASX: CAY)

The Canyon Resources share price is up 18% to 22.5 cents. This follows the release of an investor presentation from the bauxite developer this morning. That presentation focused on the Minim Martap project, which management described as "one of the most promising bauxite projects globally." It also notes that it is "a globally significant bauxite project, which has all the required characteristics to develop into a key, long-term operation." The project is located in central Cameroon and situated near the main rail line linking the region to the Atlantic port of Douala.

Ioneer Ltd (ASX: INR)

The Ioneer share price is up almost 18% to 20 cents. Investors have been buying this lithium developer's shares after it received a major funding boost in the United States. Ioneer has secured a US$996 million (A$1.6 billion) loan from the U.S. Department of Energy (DOE) Loan Programs Office (LPO) under the Advanced Technology Vehicles Manufacturing (ATVM) program. These funds will support the development of an on-site processing facility at the Rhyolite Ridge Lithium-Boron Project in Esmeralda County, Nevada. The Rhyolite Ridge project will be the first new lithium mine in the United States in almost sixty years and the first new boron mine in close to a century.

Iress Ltd (ASX: IRE)

The Iress share price is up 4% to $9.45. This has been driven by news that the financial technology company has entered into an agreement to divest its Superannuation business  to global financial services provider Apex Group. Iress decided to divest the Superannuation business following a strategic review as part of the company's transformation program. While management sees opportunities within its Wealth business to continue delivering software to superannuation funds, it felt that it was not the natural owner of a regulated superannuation services provider. The company will receive $40 million in cash consideration upon completion plus additional payments of up to $20 million subject to agreed revenue milestones.

Predictive Discovery Ltd (ASX: PDI)

The Predictive Discovery share price is up 8% to 27.5 cents. This morning, this gold miner revealed that ministers in Guinea have approved the Environmental & Social Impact Assessment (ESIA) and have issued the Certificate of Environmental Compliance (ECC) for the Bankan Gold Project. It notes that this "provides the necessary environmental certificate required for PDI to apply for Bankan's Exploitation Licence. This is a significant de-risking step as it confirms the MEDD's support for development of the Bankan Project in the Peripheral Zone of the Upper Niger National Park."

The post Why Canyon Resources, Ioneer, Iress, and Predictive Discovery shares are pushing higher appeared first on The Motley Fool Australia.

Namely bauxite, which is used to produce aluminium. Aluminium is in strong demand for its critical role in the global electrification push.

According to CM Group, "The global traded bauxite market has entered a period of significant transformation, driven by the emergence of 'merchant' refineries importing bauxite into China."

The industry analysis company added:

More recently, we've observed the early signs of structural grade depletion of China's domestic bauxite reserves which, combined with strong alumina growth, create a significant opportunity for bauxite miners the world over.

Citing data from CM Group, The Australian Financial Review reported that the bauxite price reached a new record of US$112 per tonne last week, up 59% year to date. That certainly won't go unnoticed by ASX mining shares, with iron ore trading for around US$105 per tonne.

Atop the strong demand from China, global bauxite prices have been buoyed by supply disruptions out of Guinea, which followed Indonesia's export ban last year. The blockage of a Brazilian bauxite shipping lane by an errant cargo vessel in November has only added to the supply crunch.

Which ASX mining shares have exposure to bauxite?

Among the ASX mining shares exploring for and digging up bauxite, we find:

• Metro Mining Ltd (ASX: MMI), whose flagship project is the Bauxite Hills Mine in Queensland.
• South32 Ltd (ASX: S32), which is headquartered in Perth and has operations in ten countries mining bauxite, silver and copper, among other metals.
• Rio Tinto Ltd (ASX: RIO), which has bauxite mines in the Northern Territory and Queensland.
• Canyon Resources Ltd (ASX: CAY), which owns the Minim Martap Bauxite project in Cameroon.

So, how have these ASX mining shares been performing?

Well, since the opening bell on 2 January:

• Metro Mining shares are up 185%
• South32 shares are up 1%
• Rio Tinto shares are down 12%
• Canyon Resources shares are up 143%

Having a look at the performance, you can see that the smaller miners focused more solely on bauxite have been having a much stronger run in 2024 than the more diversified mining stocks.

What are the market experts saying?

Commenting on the soaring bauxite price helping boost ASX mining shares with significant exposure, Vivek Dhar, a commodity analyst at Commonwealth Bank of Australia (ASX: CBA) said (quoted by The AFR), "It's impossible to predict when the bauxite rally might peak. This market was already a tinderbox before the Brazilian shipment got stuck."

Alan Clark, managing director of CM Group, added:

If you rewind five years and told people bauxite prices would overtake iron ore in price, they'd have laughed you out of the room. This highlights the contrasting trajectories of two critical global industries: aluminium and steel. Right now, one is soaring while the other is facing headwinds.

Now, Australian bauxite is lower in grade compared to the metal mined in Guinea. It's also cheaper. According to CM Group, Aussie bauxite is trading at all-time highs of US$88 per tonne, up 75% from its 2024 lows.

Doug Ritchie, chair of ASX mining share Metro Mining, said that the lower-priced Australian bauxite is gaining traction in China.

According to Ritchie:

We've expanded our customer base from one to three in China. Selling bauxite is a long-term process. It requires aligning refinery capabilities with the material's properties, which takes sustained dialogue and trust-building.

The post The under-the-radar metal trading at record prices (and 4 ASX mining shares exposed to it) appeared first on The Motley Fool Australia.