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Cannindah Resources Limited (ASX:CAE)

ALERT: Price-sensitive ASX Announcement for CAE
Current share price for CAE : $0.033 -0.012 (-26.67%)+
Announcement
Release
5 May 2026 8:37AM
Price at Release
$0.045
Full Release
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Summary
Cannindah Resources Limited has announced significant results from their extensional drilling program at the Cannindah Breccia. The Southern Shoot, part of the Cannindah Breccia deposit, has been expanded with a notable drill intersection of 44 meters grading 2.78% copper equivalent from 214 meters depth in hole 26CRC016. This new data confirms a major growth zone at the site, enhancing the current mineral resource estimate (MRE) which stands at 14.5 million tonnes at 1.09% CuEq. The Southern Shoot has been defined over a strike length of more than 100 meters and a vertical extent exceeding 200 meters, with mineralization remaining open to the south. These results indicate potential for substantial resource expansion and support the presence of multiple high-grade ore shoots at Cannindah Breccia.
Key Points
  • Significant drill intersection of 44m at 2.78% CuEq from 214m in drill hole 26CRC016.
  • Expansion of the Southern Shoot at Cannindah Breccia confirmed.
  • Current MRE at Cannindah Breccia is 14.5Mt at 1.09% CuEq.
  • Southern Shoot defined over >100m strike and >200m vertical extent.
  • Mineralization remains open to the south.
  • Potential for multiple high-grade ore shoots in the Cannindah Breccia.
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.