Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Cannindah Resources Limited ( (AU:CAE) ) has provided an announcement.
Cannindah Resources Limited has announced a revision to its previous ASX announcement regarding potential significant mineralized extensions at the Cannindah copper deposit. The company has identified potential mineralized breccia extensions outside the current mineral resource estimate, with planned drilling to test these new targets. This development could substantially expand the existing mineralized envelope, enhancing the company’s geological understanding and potentially improving its market position within the mining sector.
More about Cannindah Resources Limited
Cannindah Resources Limited is a company operating in the mining industry, primarily focused on the exploration and development of copper and gold deposits. The company is specifically engaged in projects located in central Queensland, with a significant emphasis on the Mt Cannindah Copper-Gold Project.
Average Trading Volume: 543,727
Technical Sentiment Signal: Sell
Current Market Cap: A$17.47M
Learn more about CAE stock on TipRanks’ Stock Analysis page.