Cannindah Resources Limited (AU:CAE) has released an update.
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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