Cannindah Resources (ASX: CAE) Signals Further High-Grade Potential at Mt Cannindah

Cannindah Resources Limited (ASX:CAE) has flagged significant high-grade copper-gold expansion potential at its flagship Mt Cannindah Project in Queensland after recent drilling confirmed extensions beyond the existing Cannindah Breccia Mineral Resource Estimate (MRE). Standout results include 52m @ 1.18% CuEq from 30m (incl. 22m @ 2.63% CuEq) in hole 25CRC001 and 120m @ 1.16% CuEq (incl. 60m @ 1.94% CuEq) in 25CRC002, extending mineralisation 35–40m east of the current MRE.

Breccia extensions take shape

A geological review of historical and recent data has identified two priority extension targets: the Southern Breccia Extension (300m strike) and Northern Breccia Extension (200m strike), both outside the existing MRE. These zones show controls on higher-grade copper mineralisation that will guide the next drilling phase. A 12-hole program targeting low data coverage areas is scheduled to start January 2026.

Near-surface opportunity emerges

New interpretation reveals a 200–250m drill data gap between high-grade northern and southern zones within the 600m strike Cannindah Breccia. This near-surface target offers immediate potential to add ounces close to surface, improving project economics. CEO Cameron Switzer noted the clear relationship between drill density and grade, prioritising this high-impact area.

Broader district potential

Recent trenching at Appletree and Dunno prospects returned strong copper-gold-molybdenum geochemistry over 500m x 100m, supported by IP and magnetic anomalies at ~200m depth. The Southern and Eastern Targets represent Tier 1 porphyry Cu-Au-Mo systems similar to North Parkes and Cadia. Recent capital raising funds the aggressive 2026 program across the district-scale system.

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