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Cannindah Resources Limited
(Sydney:CAE)
Cannindah Resources Limited (CAE) vs. S&P 500 (SPY)
Cannindah Resources Limited Business Overview & Revenue Model
Cannindah Resources Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -18.92K | -35.80K | -8.83K | -1.23K | 0.00 | 0.00 | EBIT |
| -999.16K | -1.42M | -1.90M | -1.60M | -570.96K | -582.72K | EBITDA |
| -980.16K | -1.39M | -1.89M | -1.59M | 4.36M | 86.45K | Net Income Common Stockholders |
| -1.17M | -1.51M | -1.90M | -1.60M | 4.11M | -1.37M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 3.29M | 25.25K | 659.36K | 1.28M | 1.29M | 39.23K | Total Assets |
| 21.58M | 17.83M | 16.83M | 12.38M | 8.46M | 4.91M | Total Debt |
| 125.60K | 61.48K | 91.08K | 0.00 | 5.14M | 5.14M | Net Debt |
| -3.17M | 36.23K | -568.27K | -1.28M | 3.84M | 5.10M | Total Liabilities |
| 1.70M | 3.11M | 2.75M | 2.03M | 613.93K | 5.98M | Stockholders Equity |
| 19.88M | 14.71M | 14.08M | 10.35M | 7.84M | -1.07M |
| Cash Flow | Free Cash Flow | ||||
| -1.65M | -2.14M | -5.17M | -3.64M | -1.26M | -461.83K | Operating Cash Flow |
| -664.94K | -688.58K | -1.26M | -1.06M | -508.43K | -337.67K | Investing Cash Flow |
| -1.04M | -1.45M | -3.91M | -2.57M | -755.54K | -124.16K | Financing Cash Flow |
| 4.68M | 1.50M | 4.55M | 3.63M | 2.52M | 484.96K |
Cannindah Resources Limited Technical Analysis
Cannindah Resources Limited Peers Comparison
Cannindah Resources Limited Corporate Events
Cannindah Resources Limited reported significant progress in its exploration activities at the Mt Cannindah Project during the first quarter of 2025. The company completed 1,024 meters of diamond drilling, identifying high-grade gold intercepts and extensions of the Cannindah Breccia Mineral Resource. The appointment of new board members and an exploration manager aims to strengthen the company’s strategic direction. The ongoing exploration efforts, including detailed rock chip sampling, are expected to enhance the understanding of the project’s potential, positioning Cannindah Resources for future growth and increased stakeholder value.
Cannindah Resources Limited has announced significant high-grade gold mineralization at its Mt Cannindah Copper-Gold Project, with recent drilling revealing substantial gold intercepts. This discovery, which includes notable intersections of gold within and around the existing Mineral Resource Estimate envelope, suggests potential for expanding the project’s resource base. The company plans to further assess the gold opportunity, focusing on defining the controls and continuity of these high-grade zones, which could enhance its market position and offer additional value to stakeholders.
Cannindah Resources Limited has announced significant assay results from its latest drilling program at the Mt Cannindah Copper Gold Project. The first hole of the program revealed a thick copper-gold intersection, extending mineralization beyond the existing resource and filling data gaps between previous drill results. This development highlights the continuity of copper mineralization and positions the company to further explore major IP anomalies near the current mineral resource estimate.
Cannindah Resources Limited announced a significant assay result from its Mt Cannindah Copper Gold Project, with a notable intersection of 71m at 0.95% CuEq, within a larger mineralized zone of 274m at 0.49% CuEq. This result extends the mineralization beyond the existing resource and highlights the continuity of the copper mineralization at the deposit. The drilling program aims to test extensions to the existing mineral resource and significant IP anomalies, with future work focusing on the high-grade gold zones and the potential upside of the Cannindah Mineral System.
Cannindah Resources Limited has responded to a price query from the ASX, stating that it is unaware of any undisclosed information that could explain recent trading activity in its securities. The company attributes the trading fluctuations to a research report by East Coast Research that provided an opinion on the value of CAE shares. Cannindah Resources also confirmed that it is in compliance with ASX listing rules and that its board has authorized the responses provided to the ASX.
Cannindah Resources Limited reported a financial loss of $502,564 for the half-year ending December 31, 2024, but improved its cash position significantly through a $5 million share placement. The company announced a substantial increase in its Mount Cannindah Mineral Resource Estimate, with notable rises in copper, gold, and silver tonnage, enhancing its potential economic extraction via open-pit mining.
Cannindah Resources Limited has announced the appointment of Anthony Rovira as a director, effective February 26, 2025. Rovira holds 2,000,000 fully paid ordinary shares through Rovira Pty Ltd, indicating a significant stake in the company. This appointment may influence the company’s strategic direction and decision-making, potentially impacting its market positioning and stakeholder interests.
Cannindah Resources Limited has appointed Tony Rovira, a seasoned mining executive, as a non-executive director. Rovira, known for his role in the discovery of the Andover Lithium Deposit, brings over 40 years of industry experience. His appointment is accompanied by a personal investment of $250,000 into the company, signaling confidence in the potential of the Mt Cannindah Project. This strategic move is expected to enhance the company’s exploration efforts and potentially increase the resource base, thereby creating substantial value for shareholders. Additionally, other directors have also committed investments, further endorsing the company’s assets and strategic direction.
Cannindah Resources Limited, an entity listed on the Australian Securities Exchange (ASX) under the ticker CAE, recently responded to a price query from the ASX regarding unusual trading activity. The company stated that it is not aware of any undisclosed information that could explain the recent changes in its securities’ price and confirmed compliance with ASX listing rules. The responses to the ASX queries have been authorized by the company’s Board of Directors.
Cannindah Resources Limited has announced the appointment of John Morrison as a new director, effective from February 6, 2025. This appointment is part of the company’s ongoing effort to strengthen its board and enhance strategic oversight. The announcement indicates that Morrison currently holds no securities or interests in the company’s securities, suggesting a fresh and independent perspective to the board.
Cannindah Resources Limited has announced the appointment of Mr. John Morrison to its Board. Mr. Morrison, with over 30 years of investment banking experience and expertise in the resources industry, is expected to enhance the company’s strategic direction and benefit shareholders as the company progresses to the next stage of its development.