Cannindah drilling hits high-grade copper-gold as GAP zone resource potential grows

Cannindah Resources Limited ( (AU:CAE) ) has shared an announcement.

Cannindah Resources has reported initial results from its Cannindah Breccia resource expansion drilling, with reverse circulation hole 26CRC011 intersecting 94 metres at 1.11% copper equivalent in the so-called GAP zone, including a 54 metre interval at 1.61% copper equivalent. These results, interpreted as down-dip extensions of high-grade zones drilled in 2025, demonstrate good continuity of mineralisation and suggest the existing mineral resource could be increased.

The GAP zone, which covers nearly half the 600 metre strike of the Cannindah Breccia yet already hosts about a quarter of the resource’s contained metal, is being systematically drilled, with assays pending from four additional holes. Cannindah plans further follow-up drilling at depth and along strike at the breccia, alongside imminent diamond drilling of its southern porphyry target, as management highlights the recognition of high-grade ore shoots as critical to expanding the project’s resource base.

The most recent analyst rating on (AU:CAE) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.

More about Cannindah Resources Limited

Cannindah Resources Limited is an ASX-listed exploration company focused on copper-gold projects in Australia. The company is advancing the Cannindah Breccia deposit and a large-scale southern copper-gold porphyry target, supported by a cash position of about $17 million to fund aggressive exploration programs.

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Technical Sentiment Signal: Sell

Current Market Cap: A$51.09M

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