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Cannindah Resources Limited ( (AU:CAE) ) has provided an update.
Cannindah Resources reported a standout December 2025 quarter marked by completion of a 6,136m reverse circulation scout drilling program across the Cannindah Breccia, Southern Target and Eastern Target, delivering multiple high-grade copper-gold intercepts that significantly upgrade both the established breccia resource and the potentially transformational Southern Porphyry Target. Results indicate the Southern Target now hosts a large, open porphyry footprint exceeding 2km by 800m with characteristics of a fertile gold-rich intrusive system, supporting an exploration target of 64,000–114,000 tonnes of copper equivalent and reinforcing the broader Mt Cannindah Project’s potential to define substantial porphyry-related copper-gold-silver-molybdenum resources, a positive signal for the company’s growth prospects and future drilling strategy.
The most recent analyst rating on (AU:CAE) stock is a Hold 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 Australian mineral exploration company listed on the ASX, focused on copper-gold systems at its Mt Cannindah Project in Queensland. The company targets porphyry and breccia-hosted copper, gold, silver and molybdenum mineralisation, aiming to expand its resource base within existing mining leases through intensive drilling programs.
Average Trading Volume: 678,255
Technical Sentiment Signal: Sell
Current Market Cap: A$46.42M
For detailed information about CAE stock, go to TipRanks’ Stock Analysis page.