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Cannindah Resources Limited (ASX:CAE)

ALERT: Price-sensitive ASX Announcement for CAE
Current share price for CAE : $0.031 -0.002 (-6.06%)+
Announcement
Release
10 Jun 2026 9:07AM
Price at Release
$0.033
Full Release
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Summary
Cannindah Resources Limited has announced positive progress in their drilling operations aimed at expanding the Cannindah Breccia Deposit. The latest drilling activities have successfully extended the Southern Shoot by 50 meters, showing promising high-grade mineral continuity over a significant area both laterally and vertically. Meanwhile, the Northern Shoot drilling has focused on previously underexplored data gaps, resulting in the discovery of wider mineralization zones than initially anticipated. These efforts are anticipated to contribute to a substantial increase in the upcoming mineral resource estimate. Continued drilling is planned to further explore the Southern Shoot and enhance the resource base.
Key Points
  • Cannindah Resources Limited reports significant expansion of the Cannindah Breccia Deposit through ongoing drilling operations.
  • The Southern Shoot has been extended by 50m, characterized by high-grade continuity over a substantial area and depth.
  • Drilling in the Northern Shoot has focused on addressing data gaps, revealing broader mineralisation zones than previously modeled.
  • Results indicate increasingly significant copper equivalent grades, notably in both Northern and Southern Shoots.
  • The mineral resource estimate is expected to grow materially in the next update due to current drilling outcomes.
  • Additional drilling is planned to further evaluate the Southern Shoot and extend the resource base.
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.