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Canterbury Resources Ltd. ( (AU:CBY) ) has shared an announcement.
Canterbury Resources has reported strong final assay results from its 2025 drilling program at the Briggs copper project in Central Queensland, with two deep core holes intersecting extensive porphyry copper-molybdenum-silver mineralisation. Hole 25BRD0037 delivered the longest mineralised intersection recorded at Briggs, with 620m at 0.25% copper from near surface and several higher-grade zones at depth, while hole 25BRD0038 returned one of the project’s highest-grade intervals, including 30m at 0.90% copper from 35m. The company says the results are consistent with its existing resource model, support extending the depth of the indicated resource in the Mineral Resource Estimate, and enhance confidence in identifying near-surface higher-grade material suitable for a starter pit. Strong correlation between mineralised zones and copper-in-soil anomalies is helping prioritise infill drilling, and upcoming drilling to the northwest will form the first phase of a major infill campaign underpinning a prefeasibility study recently approved by the project’s joint venture partners, reinforcing Briggs’ status as a significant Australian copper development opportunity.
The most recent analyst rating on (AU:CBY) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Canterbury Resources Ltd. stock, see the AU:CBY Stock Forecast page.
More about Canterbury Resources Ltd.
Canterbury Resources Limited is an ASX-listed mineral exploration and development company focused on large-scale copper and copper-molybdenum systems, including the Briggs project in Central Queensland. The company targets porphyry-style deposits with potential to become major long-life copper operations, positioning itself to benefit from growing demand for copper in global energy transition and infrastructure markets.
Average Trading Volume: 815,399
Technical Sentiment Signal: Buy
Current Market Cap: A$9.17M
For an in-depth examination of CBY stock, go to TipRanks’ Overview page.