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Cannindah Resources Limited (ASX:CAE)

ALERT: Price-sensitive ASX Announcement for CAE
Current share price for CAE : $0.033 0.002 (6.45%)+
Announcement
Release
31 Jul 2026 8:19AM
Price at Release
$0.031
Full Release
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Summary
Cannindah Resources Limited's quarterly activities report for the period ending 30 June 2026 highlights significant progress in their Mt Cannindah Project. The company executed 27 reverse circulation drill holes aimed at expanding the Breccia Mineral Resource, achieving high-grade results in both Southern and Northern Shoots. Southern Shoot drilling indicated substantial mineralization, while Northern Shoot efforts successfully filled historical gaps. Ongoing metallurgical tests aim to refine future resource estimates. Cannindah Resources reports stable funding to continue exploration and drilling activities at their prospective targets.
Key Points
  • Cannindah Resources Limited conducted 27 reverse circulation drill holes totaling 6,249 meters targeting the expansion of the current Breccia Mineral Resource.
  • Significant high-grade results from Southern Shoot drilling included 44m @ 2.78% CuEq, 26m @ 1.54% CuEq, and 26m @ 1.29% CuEq indicating a promising extension of mineralization.
  • The Northern Shoot drilling successfully filled historical data gaps with notable results like 26m @ 1.64% CuEq and 10m @ 3.95% CuEq.
  • Updated metallurgical tests commenced to support the upcoming Mineral Resource Estimate update for Cannindah Breccia.
  • The company remains well-funded to continue aggressive drilling at both Breccia and Southern Porphyry targets.
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.