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Cannindah Resources Limited (ASX:CAE)

ALERT: Price-sensitive ASX Announcement for CAE
Current share price for CAE : $0.036 -0.025 (-40.98%)+
Announcement
Release
27 Oct 2025 8:23AM
Price at Release
$0.061
Full Release
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Summary
Cannindah Resources Limited has announced a significant near-surface copper and molybdenum mineralisation at the Monument Prospect within the Southern Porphyry Target Zone of the Mt Cannindah Project in Queensland. This discovery is interpreted as the upper representation of potential high-grade porphyry mineralisation at depth. The Exploration Target is estimated at 25 to 30 million tonnes at 0.2 to 0.3% Cu and 100 to 150ppm Mo, highlighting the potential for further resource definition. The mineralisation remains open to the west, south, and east, with further exploration needed to confirm the scale and grade of the resource. The project adheres to the 2012 JORC Code & Guidelines, and upcoming drill programs are planned to validate the prospective targets.
Key Points
  • Significant copper molybdenum mineralisation identified at the Monument Prospect.
  • Exploration Target estimated at 25 to 30 million tonnes at 0.2 to 0.3% Cu and 100 to 150ppm Mo.
  • Potential for underlying high-grade porphyry mineralisation.
  • Mineralisation open to the west, south, and east.
  • Exploration Target prepared under the 2012 JORC Code & Guidelines.
  • Upcoming drill programs planned to validate targets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.