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Cannindah Resources Limited ( (AU:CAE) ) has issued an update.
Cannindah Resources Limited announced significant results from its extensional drilling program at the Cannindah Breccia Resource, revealing high-grade copper and gold mineralization. The latest drill results demonstrate a vertical continuity of high-grade material over 100 meters, extending the mineralized zone by 35-40 meters to the east, which could enhance project economics. The company is also initiating drilling at the Southern Porphyry Target, which could further expand their resource base and improve future growth prospects.
More about Cannindah Resources Limited
Cannindah Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources, particularly copper and gold. The company is involved in projects such as the Mt Cannindah Project in Queensland, which is a key area of interest for its mineral exploration activities.
Average Trading Volume: 1,355,275
Technical Sentiment Signal: Buy
Current Market Cap: A$69.11M
For detailed information about CAE stock, go to TipRanks’ Stock Analysis page.