Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The latest announcement is out from Cannindah Resources Limited ( (AU:CAE) ).
Cannindah Resources Limited has identified a high-grade copper-gold mineralization zone within the footwall of the Cannindah Breccia Deposit, suggesting a new geological interpretation and a significant opportunity for resource expansion. The discovery of a 200m to 250m drill data gap presents a potential for near-surface high-grade mineralization, which could enhance the company’s resource base and value, with further drilling planned to explore these promising targets.
More about Cannindah Resources Limited
Cannindah Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily targets copper and gold deposits, with a significant emphasis on its Mt Cannindah Project in Queensland, Australia.
Average Trading Volume: 1,056,555
Technical Sentiment Signal: Buy
Current Market Cap: A$51.58M
See more data about CAE stock on TipRanks’ Stock Analysis page.