Cannindah Resources Limited (AU:CAE) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Cannindah Resources Limited has successfully raised $5 million through a new share placement to boost exploration at its Mt Cannindah Copper Gold Project in Queensland. The funds will be used to recommence drilling to expand the existing resource and explore a significant IP anomaly southwest of the current site. This move positions the company to significantly develop its already substantial copper-gold resource.
For further insights into AU:CAE stock, check out TipRanks’ Stock Analysis page.