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Cannindah Resources Limited
(Sydney:CAE)
Cannindah Resources Limited (CAE) vs. iShares MSCI Australia ETF (EWA)
Cannindah Resources Limited Business Overview & Revenue Model
Cannindah Resources Limited Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 15.49K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 15.49K | -35.80K | -8.83K | -1.23K | 0.00 |
| EBITDA | -413.44K | -1.39M | -1.89M | -1.59M | 4.36M |
| Net Income | -960.61K | -1.51M | -1.90M | -1.60M | 4.11M |
Balance Sheet | |||||
| Total Assets | 20.08M | 17.83M | 16.83M | 12.38M | 8.46M |
| Cash, Cash Equivalents and Short-Term Investments | 211.27K | 25.25K | 659.36K | 1.28M | 1.29M |
| Total Debt | 29.12K | 61.48K | 91.08K | 0.00 | 5.14M |
| Total Liabilities | 655.23K | 3.11M | 2.75M | 2.03M | 613.93K |
| Stockholders Equity | 19.42M | 14.71M | 14.08M | 10.35M | 7.84M |
Cash Flow | |||||
| Free Cash Flow | -4.45M | -2.14M | -5.17M | -3.64M | -1.26M |
| Operating Cash Flow | -969.61K | -688.58K | -1.26M | -1.06M | -508.43K |
| Investing Cash Flow | -3.48M | -1.45M | -3.91M | -2.57M | -755.54K |
| Financing Cash Flow | 4.63M | 1.50M | 4.55M | 3.63M | 2.52M |
Cannindah Resources Limited Technical Analysis
Cannindah Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$63.19M | -36.15 | -5.63% | ― | ― | 43.48% | |
49 Neutral | AU$700.72M | -109.52 | -21.63% | ― | ― | 86.21% | |
49 Neutral | AU$66.68M | -6.30 | -53.67% | ― | ― | ― | |
46 Neutral | AU$23.86M | -5.87 | -22.35% | ― | ― | -128.13% | |
45 Neutral | AU$13.80M | ― | -28.01% | ― | 135.89% | -40.00% | |
44 Neutral | AU$36.27M | -6.67 | -13.83% | ― | ― | 48.47% |
Cannindah Resources Limited Corporate Events
Cannindah Resources Limited has disclosed a change in director Anthony Rovira’s indirect holdings following his participation in the company’s Share Purchase Plan. Through Rovira Pty Ltd as trustee for the Rovira Family Account, Rovira acquired 398,756 fully paid ordinary shares at $0.045 per share, increasing his indirect shareholding to 19,898,757 shares, alongside existing options that remain unchanged.
The additional shares, issued under the retail Share Purchase Plan rather than on-market trading, signal continued support from a key director for Cannindah’s capital-raising efforts. This incremental increase in board-aligned ownership may be viewed positively by shareholders, as it reinforces management’s financial commitment to the company’s future and maintains alignment between director and investor interests.
The most recent analyst rating on (AU:CAE) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources has appointed veteran geologist Chris Chambers as Exploration Manager, adding more than three decades of global experience in porphyry-related, intrusive-related and epithermal mineral systems to its leadership team. Management said his track record in discovery and project delivery is expected to strengthen the company’s capacity to advance the discovery and delineation phase at its flagship Mt Cannindah project.
The Mt Cannindah project hosts at least 17 significant copper, gold and molybdenum occurrences associated with a classically zoned Triassic porphyry system, and modern drilling since 2021 has already delivered an updated mineral resource estimate at the Cannindah Breccia. Cannindah is now pursuing resource expansion drilling targeting a higher-grade “GAP” zone within the breccia, positioning the company to potentially grow its copper-equivalent inventory and enhance the economic outlook of the project for stakeholders.
The most recent analyst rating on (AU:CAE) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources has closed its share purchase plan heavily oversubscribed, receiving A$4.9 million in applications against a planned A$2.0 million raise, following an earlier A$11.1 million placement and ahead of a second tranche placement subject to shareholder approval. The company will scale back SPP applications to A$3.0 million on a pro-rata basis and, together with placement proceeds, will fund extensive drilling and exploration to expand the Mt Cannindah Copper-Gold Breccia deposit, advance the high-impact Southern Porphyry Target, support other project work and provide working capital, underscoring strong investor confidence in the project’s growth potential.
The most recent analyst rating on (AU:CAE) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources Limited has applied for the quotation of 2,116 new ordinary fully paid shares on the ASX, with an issue date of 20 February 2026. The modest size of the new share issuance, arising from the exercise or conversion of existing securities, suggests a routine capital structure adjustment with limited immediate impact on overall operations or shareholder holdings.
The application confirms compliance with ASX Listing Rules for quotation, reinforcing the company’s alignment with regulatory requirements and normal market practices. While incremental in scale, the additional quoted securities marginally increase the company’s listed equity base and may reflect ongoing engagement by holders of options or other convertible instruments.
The most recent analyst rating on (AU:CAE) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources has launched a resource expansion drilling program at the Cannindah Breccia deposit, targeting a high-grade “GAP” zone within its existing 14.5Mt at 1.09% CuEq Mineral Resource Estimate, where historical drilling density, orientations and sampling have left an apparent under-drilled segment. Significant previous intersections at both ends of this 275m-long zone, combined with 25 prior diamond holes that defined substantial copper, gold and silver resources, underpin expectations that the new 12-hole, 3,000m campaign could both increase total metal inventory and raise the average grade, with results to feed into an updated resource and a second rig to soon test a promising Southern Porphyry copper-gold target.
Management highlights that grade uplift at Cannindah Breccia would be a key financial driver for any future development, as drilling has already shown mineralisation well below the current open-pit constrained resource envelope. The parallel program at the Southern Target, where recent drilling intersected mineralisation interpreted as the halo of a high-grade porphyry system, suggests Cannindah is seeking to consolidate its position over a broader copper-gold system at Mt Cannindah, potentially enhancing project scale and strategic appeal for investors and industry partners.
The most recent analyst rating on (AU:CAE) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources Limited has applied for quotation on the ASX of 52,083 new ordinary fully paid shares, issued on 9 February 2026, under its code CAE. The small-scale issuance reflects a routine capital markets transaction that modestly increases the company’s listed share capital and may support ongoing corporate or project-related funding needs without materially altering its market positioning.
The application for quotation confirms these new securities will be tradable on the ASX, slightly expanding the free float available to investors. While the announcement does not detail use of proceeds or specific projects tied to the issuance, it underscores the company’s continued engagement with equity markets as part of its broader capital management strategy.
The most recent analyst rating on (AU:CAE) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources Limited has notified the market of the issue of 10,000,000 unquoted options, each exercisable at $0.0675 and expiring on 9 February 2029. The options, issued on 9 February 2026 as part of a previously announced transaction, are not intended to be quoted on the ASX, indicating a targeted capital structure move that may affect existing holders through potential future dilution but does not immediately alter the company’s quoted securities profile.
The most recent analyst rating on (AU:CAE) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources Limited has completed the first tranche of a share placement, issuing 246,111,111 fully paid ordinary shares at $0.045 each to new and existing institutional, sophisticated and professional investors, raising about $11.08 million before costs. The shares were issued under the company’s existing placement capacity, and Cannindah has confirmed compliance with relevant Corporations Act provisions while noting that a second tranche of the placement remains subject to shareholder approval at a general meeting planned for March 2026.
The company advised that the Tranche 1 placement shares were issued without the need for a disclosure document, relying on exemptions available under the Corporations Act and confirming there is no excluded information that must be disclosed at this time. Completion of the second tranche, if approved by shareholders, will further bolster Cannindah’s capital position and may support its exploration and development plans, with implications for its growth trajectory and funding flexibility within the resources industry.
The most recent analyst rating on (AU:CAE) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources Limited has applied for quotation on the ASX of 246,111,111 new fully paid ordinary shares under the code CAE. The issue of these securities, arising from previously announced transactions, will expand the company’s listed capital base and may influence its funding capacity, liquidity, and market positioning for future resource development activities.
The most recent analyst rating on (AU:CAE) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources has launched a capital raising program combining a two-tranche placement of approximately A$15 million with a Share Purchase Plan (SPP) aiming to raise up to A$2 million at A$0.045 per share, a 15.4% discount to the recent five-day VWAP. The SPP gives eligible Australian and New Zealand shareholders on the 2 February 2026 record date the opportunity to invest between A$2,000 and A$30,000 without brokerage, with potential for oversubscriptions but also possible scale-back at the board’s discretion; proceeds from both the placement and SPP will fund further reverse circulation and diamond drilling, broader exploration and development work at the Mt Cannindah copper-gold project, and general working capital, underpinning the company’s efforts to grow its existing 14.5Mt at 1.09% CuEq resource and strengthen its position in the copper-gold exploration space.
The most recent analyst rating on (AU:CAE) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources has issued a cleansing notice ahead of opening a share purchase plan (SPP) that allows eligible shareholders to acquire up to $30,000 of new fully paid ordinary shares in the company. The SPP, conducted under ASIC relief, will open on 6 February 2026, and the company has confirmed its compliance with relevant continuous disclosure and financial reporting obligations, stating there is no excluded information requiring disclosure, thereby supporting transparency for investors participating in the capital raising.
The most recent analyst rating on (AU:CAE) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Lion Selection Group has committed to invest A$2 million in Cannindah Resources as part of a A$15 million capital raising priced at 4.5 cents per share, which will give Lion about a 3.3% stake in the copper-gold explorer once the placement completes. The funding underpins Cannindah’s intensified exploration program at its Mt Cannindah project in southern Queensland, where recent work has extended high-grade copper-gold trends in the breccia orebody, defined a large Southern Porphyry Target with strong surface anomalism, and intersected copper-gold mineralisation in feldspar porphyry intrusive rocks that suggest a fertile porphyry system. With all Cannindah directors planning to participate in the placement, Lion’s backing highlights growing confidence that the existing breccia resource can support a starter mining project with substantial upside if the targeted “pencil porphyry” discovery is realised, potentially enhancing Cannindah’s growth prospects and positioning in Australia’s copper-gold sector.
The most recent analyst rating on (AU:CAE) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources Limited has lodged an Appendix 3B notice with the ASX outlining a proposed issue of up to 87,222,223 new fully paid ordinary shares under its ticker CAE. The new securities are to be issued via a placement or other type of capital raising, with a proposed issue date of 31 March 2026, signalling a significant equity issuance that is likely aimed at strengthening the company’s balance sheet and funding its ongoing activities, with potential dilution implications for existing shareholders.
The most recent analyst rating on (AU:CAE) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources Limited has announced a proposed capital raising comprising a securities purchase plan for up to 44,444,444 new ordinary shares, alongside a separate placement of up to 246,111,111 ordinary shares and 10,000,000 options exercisable at $0.0675 and expiring on 9 February 2029. The transactions, with key dates in February 2026, are intended to expand the company’s equity base and provide additional funding flexibility, which may support ongoing exploration and development activities and potentially strengthen its position within the resources sector and among existing and new shareholders.
The most recent analyst rating on (AU:CAE) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources has secured firm commitments for a $15 million two-tranche placement to institutional and sophisticated investors at $0.045 per share and has launched a share purchase plan aiming to raise a further $2 million on the same terms, taking total gross proceeds to about $17 million if fully subscribed. The fresh capital, which has attracted strong support from new and existing natural resources-focused institutional investors, will leave the company with an estimated $16 million in cash (before costs) and is earmarked to accelerate drilling and exploration at the Mt Cannindah Copper-Gold Project, including expansion of the existing breccia resource, follow-up drilling at the Southern Porphyry target, and other project work, thereby extending its funding runway and underpinning its growth ambitions in copper and gold for 2026 and beyond.
The most recent analyst rating on (AU:CAE) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources has requested and been granted a trading halt on its securities on the ASX as it prepares to announce a capital raising. The halt, which will remain in place until either the capital raising announcement is released or before the start of trading on 3 February 2026, signals that the company is moving to secure additional funding, a step that could influence its balance sheet, support ongoing project development, and potentially dilute existing shareholders depending on the structure of the raise.
The most recent analyst rating on (AU:CAE) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources reported a standout December 2025 quarter marked by completion of a 6,136m reverse circulation scout drilling program across the Cannindah Breccia, Southern Target and Eastern Target, delivering multiple high-grade copper-gold intercepts that significantly upgrade both the established breccia resource and the potentially transformational Southern Porphyry Target. Results indicate the Southern Target now hosts a large, open porphyry footprint exceeding 2km by 800m with characteristics of a fertile gold-rich intrusive system, supporting an exploration target of 64,000–114,000 tonnes of copper equivalent and reinforcing the broader Mt Cannindah Project’s potential to define substantial porphyry-related copper-gold-silver-molybdenum resources, a positive signal for the company’s growth prospects and future drilling strategy.
The most recent analyst rating on (AU:CAE) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources has reported substantial high-grade gold and copper intersections from its first deep reverse circulation drilling at the Southern Porphyry Target at Mt Cannindah, highlighted by a 28m interval grading 1.15% copper equivalent that ended in mineralisation and is interpreted as the upper levels of a significant porphyry copper-gold system. Results from the first four of nine holes confirm the presence of a large, metalliferous copper-gold system with classic grade shells and mineral zonation over a surface footprint exceeding 2,000m by 800m, supporting the company’s geological model and justifying further targeted deep drilling that could materially enhance the project’s resource potential and Cannindah’s positioning in the Australian copper-gold exploration sector.
The most recent analyst rating on (AU:CAE) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources has requested and been granted a trading halt on its securities by the ASX, pending the release of an announcement detailing recent exploration results. The halt will remain in place until either the announcement is released or normal trading commences on 28 January 2026, signalling that material information related to its exploration activities is imminent and may have implications for investors’ assessment of the company’s asset base and valuation.
The most recent analyst rating on (AU:CAE) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources has identified a substantial opportunity to grow the high‑grade copper-gold-silver resource at its Mt Cannindah Breccia deposit, after recent drilling highlighted a poorly tested southern “Gap Zone” covering about 270 metres of the 600‑metre strike that is flanked by strong mineralised intercepts to the north and south. The company will launch a 12‑hole drilling program in January 2026 to increase data density in this southern portion, which currently represents nearly half the breccia strike but only 22% of total copper-equivalent tonnes, with the aim of upgrading the existing 14.5Mt at 1.09% CuEq resource and potentially enhancing the project’s scale and value; results are also pending from nine holes into a separate Southern Porphyry target that could further transform the project’s growth profile.
The most recent analyst rating on (AU:CAE) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources has appointed Xcend Pty Ltd as its new shareholder registry services provider, effective 19 January 2026, replacing Boardroom Pty Limited, which will cease in the role at the close of business on 16 January 2026. The change introduces Xcend’s online investor portal to Cannindah’s securityholders, allowing them to manage their holdings, update details, and access documents digitally, signalling a move to streamline investor communications and improve administrative efficiency for shareholders.
The most recent analyst rating on (AU:CAE) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources Limited has applied to the ASX for quotation of an additional 3,528 ordinary fully paid shares under its ticker CAE, effective 2 January 2026. The modest increase in quoted securities arises from the exercise or conversion of existing options or other convertible securities, slightly expanding the company’s share base and formalising these new shares for trading on the market.
The most recent analyst rating on (AU:CAE) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Cannindah Resources Limited stock, see the AU:CAE Stock Forecast page.
Cannindah Resources Limited has announced the appointment of Cameron Switzer as Managing Director and Chief Executive Officer, effective December 15, 2025. The announcement outlines Switzer’s compensation package, which includes a base salary of $340,000 per annum and potential short-term and long-term incentives based on performance metrics. This strategic appointment is expected to strengthen the company’s leadership and potentially enhance its operational performance, aligning with shareholder interests through performance-based incentives.
Cannindah Resources Limited announced that Michael Hansel has ceased to be a director as of December 15, 2025. This change in the board may influence the company’s strategic direction and stakeholder relations, as Hansel held significant interests in the company’s securities, including shares and options.
Cannindah Resources Limited has appointed Cameron Switzer as the Managing Director and Chief Executive Officer, following his interim role since August 2025. Switzer, an experienced geologist with over 35 years in the mining industry, has significantly advanced the company’s exploration program, particularly at the Mt Cannindah Copper-Gold Project. His expertise aligns with the company’s objectives to expand and develop its resources. Additionally, the company announced the resignation of Michael Hansel as Chair, with Anthony Rovira stepping into the role, marking a period of leadership transition as the company enters a growth phase.
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.
Cannindah Resources Limited has announced the issuance of 3,125 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code CAE. This move reflects the company’s ongoing efforts to manage its capital structure and potentially enhance its market position, providing stakeholders with updated information on its securities.
Cannindah Resources Limited announced a change in the director’s interest, with Michael Hansel acquiring 500,000 additional fully paid ordinary shares through an off-market trade. This acquisition increases Hansel’s total holdings, potentially strengthening his influence within the company and signaling confidence in the company’s future prospects.