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Cannindah Resources Limited ( (AU:CAE) ) has shared an update.
Cannindah Resources Limited successfully closed an oversubscribed Entitlement Offer, raising approximately $4.5 million to fund drilling activities at its Mt Cannindah Copper-Gold Project. The funds will be used for resource expansion and exploration drilling of new targets, with the aim of significantly increasing the project’s copper and gold resources. The company’s strategic focus on the Mt Cannindah Project is expected to enhance its industry positioning and unlock further value for stakeholders.
More about Cannindah Resources Limited
Cannindah Resources Limited is a company operating in the mining industry, focusing on the exploration and development of copper and gold resources. Their primary project is the Mt Cannindah Project, located in central Queensland, which includes various mineralized occurrences and deposit styles such as porphyry-related breccias and skarns.
Average Trading Volume: 841,230
Technical Sentiment Signal: Sell
Current Market Cap: A$26.82M
See more data about CAE stock on TipRanks’ Stock Analysis page.