Cannindah Resources Limited (AU:CAE) has released an update.
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Cannindah Resources Limited has significantly upgraded its mineral resource estimate at the Mt Cannindah project, with copper, gold, and silver quantities showing remarkable increases of up to 229%. The company is planning further drilling to expand the resource and is exploring capital raising options, with a major shareholder potentially cornerstone funding. The updated resource, which starts at surface and is open at depth, is a substantial step forward for Cannindah, promising to bolster shareholder value and expand the project’s scale.
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