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Cannindah Resources Limited (ASX:CAE)

ALERT: Price-sensitive ASX Announcement for CAE
Current share price for CAE : $0.035 -0.031 (-46.97%)+
Announcement
Release
20 Nov 2025 11:03AM
Price at Release
$0.066
Full Release
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Summary
Cannindah Resources Limited, under the leadership of Interim CEO Cameron Switzer, reported an exceptional extensional drillhole result at the Cannindah Breccia Resource in Queensland. The drilling intersected 120 meters at a grade of 1.16% Copper Equivalent (CuEq) from 30 meters, including a higher-grade zone of 60 meters at 1.94% CuEq from 48 meters. This new result follows a prior intersection of 52 meters at 1.18% CuEq from 30 meters, showcasing a down-dip extension of mineralization by 35-40 meters to the east, beyond the current Mineral Resource Estimate. The findings indicate the presence of a steep easterly dipping mineralized zone, previously unrecognized, and open potential to the north. Drilling operations will continue to explore the Southern Porphyry Target, with plans to initiate ten scout holes.
Key Points
  • Drillhole 25CRC002 returned 120m at 1.16% CuEq from 30m, including 60m at 1.94% CuEq from 48m.
  • Confirms extension of mineralization 35-40m east of the current resource estimate.
  • Indicates potential for a new steep easterly dipping mineralized zone.
  • Ongoing exploration includes testing the Southern Porphyry Target with ten planned scout holes.
  • The mineralization remains open along strike to the north and south.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.