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