Canyon Resources Limited has addressed concerns raised by the market over an observed price movement. On 5 May 2025, its securities closed at $0.205, but trading reached an intraday high of $0.26 on 6 May 2025. The company confirmed that there was no non-disclosed information impacting these movements. Instead, it pointed to a positive development announced on 28 April 2025, which confirmed the receipt of port access approval—the final key item required to reach final investment decision at its Minim Martap Bauxite Project—thereby reaffirming progress in advancing the project. The company also noted that its share price has now returned to levels prevailing before the recent market volatility driven by external geopolitical factors. The response from Canyon Resources Limited, which has been formally approved by its Board, confirms that the company is in full compliance with the relevant Listing Rules, ensuring ongoing transparency in its operations. For beginner traders, it is essential to note that the technical indicators indicate a brief spike in price due to positive project progress, yet the reversion to previous price levels might suggest that the market has stabilized after the initial reaction. Bullish sentiment arises from the clear progress in the Minim Martap Bauxite Project and the subsequent positive market reaction to the port access approval. On the other hand, bearish sentiment centers on the recent external geopolitical uncertainties which initially triggered market volatility. This mixed technical picture suggests cautious optimism for investors, with the potential for future gains linked to continued positive project milestones balanced against external market pressures.