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Cannindah Resources Limited ( (AU:CAE) ) has provided an announcement.
Cannindah Resources Limited reported significant progress in its exploration activities at the Mt Cannindah Project during the first quarter of 2025. The company completed 1,024 meters of diamond drilling, identifying high-grade gold intercepts and extensions of the Cannindah Breccia Mineral Resource. The appointment of new board members and an exploration manager aims to strengthen the company’s strategic direction. The ongoing exploration efforts, including detailed rock chip sampling, are expected to enhance the understanding of the project’s potential, positioning Cannindah Resources for future growth and increased stakeholder value.
More about Cannindah Resources Limited
Cannindah Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the exploration of copper and gold, with a significant focus on the Mt Cannindah Project in central Queensland, Australia.
YTD Price Performance: 45.00%
Average Trading Volume: 995,235
Technical Sentiment Signal: Buy
Current Market Cap: A$42.23M
See more data about CAE stock on TipRanks’ Stock Analysis page.