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Cannindah Resources Limited ( (AU:CAE) ) has provided an update.
Cannindah Resources Limited has identified potential extensions to the Cannindah Breccia, highlighting the opportunity for further high-grade mineralization within and beyond the current Mineral Resource Estimate (MRE). The recent drilling program, which included four diamond core holes, has demonstrated the continuity of copper mineralization and identified new targets, such as the Little Wonder Prospect. These developments suggest a significant upside for the Mt Cannindah Project, potentially increasing its copper resources and enhancing the company’s position in 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 resources. The company is engaged in advancing its Mt Cannindah Copper-Gold Project located in central Queensland, Australia.
Average Trading Volume: 710,879
Technical Sentiment Signal: Sell
Current Market Cap: A$18.2M
For a thorough assessment of CAE stock, go to TipRanks’ Stock Analysis page.