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An update from Cannindah Resources Limited ( (AU:CAE) ) is now available.
Cannindah Resources Limited has identified two new potential porphyry copper, molybdenum, and gold centers at its Mt Cannindah project, based on recent surface sampling and historical data analysis. The discovery of these targets, termed the Eastern and Southern Targets, suggests a significant scale potential outside the existing mineral resource area, with plans for further drilling to explore these promising zones.
More about Cannindah Resources Limited
Cannindah Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources, primarily copper, molybdenum, and gold. The company is actively working on expanding its resource base at the Mt Cannindah project, aiming to develop a significant copper asset in a strategically advantageous location.
Average Trading Volume: 845,522
Technical Sentiment Signal: Sell
Current Market Cap: A$23.3M
See more insights into CAE stock on TipRanks’ Stock Analysis page.