AUS
NZ
UK
CA
USA
IND
Highlight
- Cannindah Resources has reported high-grade drilling results, including 44 metres at 2.78% copper equivalent, extending the Southern Shoot.
- The Southern Shoot now exceeds 100 metres in strike and 200 metres in vertical extent, with mineralisation remaining open to the south.
- Drill results show higher grades and wider intervals than the current Mineral Resource Estimate, supporting potential resource growth.
- Two distinct high-grade zones, the Northern and Southern shoots, have been confirmed within the Cannindah Breccia system.
- The Cannindah Breccia deposit currently hosts 14.5Mt at 1.09% CuEq, with further drilling underway to support growth.
Cannindah Resources Limited (ASX:CAE) has reported encouraging results from its 2026 drilling program at the Cannindah Breccia copper-gold deposit in Queensland, highlighting the expansion of the high-grade Southern Shoot. The results indicate increasing widths and grades of mineralisation beyond the current Mineral Resource Estimate (MRE), supporting ongoing efforts aimed at resource growth.
High-Grade Intersections Extend Southern Shoot
Recent reverse circulation drilling (17 of 33 holes completed to date) has delivered notable results, including 44 metres at 2.78% copper equivalent from 214 metres in hole 26CRC016. This intersection forms part of a broader mineralised interval of 103 metres grading 1.40% copper equivalent to the end of the hole.
Another drill hole returned 26 metres at 1.54% copper equivalent from 260 metres, within a wider 138-metre interval grading 0.64% copper equivalent.
The results support previously reported extensional drilling results from the Southern Shoot-
- 54m @ 1.61% CuEq (0.95g/t Au and 0.69% Cu) from 204m (26CRC011), within 94m @ 1.11% CuEq (0.67g/t Au and 0.47% Cu) from 178m
- 22m @ 2.63% CuEq (1.80g/t Au and 0.99% Cu) from 32m (25CRC001), within 52m @ 1.18% CuEq (0.79g/t Au and 0.45% Cu) from 4m
- 60m @ 1.94% CuEq (0.59g/t Au and 1.26% Cu) from 48m (25CRC002), within 120m @ 1.16% CuEq (0.37g/t Au and 0.73% Cu) from 30m
Growth Zone Identified Beyond Existing Resource
The Southern Shoot has now been defined over a strike length exceeding 100 metres, with widths often surpassing 100 metres and a vertical extent greater than 200 metres. The mineralised zone remains open to the south.
Grades and widths encountered in this zone are higher than those included in the current MRE, positioning the Southern Shoot as a key contributor to future resource growth. The results also confirmed two distinct high-grade ore shoots within the Cannindah Breccia system, comprising the Northern and Southern shoots.
Broad zones of low-grade mineralisation identified in the upper sections of several drill holes above the Southern Shoot are interpreted as peripheral indicators of underlying ore shoots. Recently defined southern targets up to 550 metres south of the current Mineral MRE have similar halo like expression.
Cannindah Breccia Shows Ongoing Expansion Potential
The Cannindah Breccia deposit currently hosts a MRE of 14.5 million tonnes at 1.09% copper equivalent. The broader mineralised system extends over more than 600 metres in length and approximately 100 metres in width.
Recent results suggest that mineralisation extends beyond the current resource boundaries, with potential strike extensions of more than 500 metres to the south.
Exploration Program Continues
The 2026 drilling campaign includes a planned 33 holes, with results received from the majority of completed drilling to date. Both reverse circulation and diamond drilling activities are ongoing.
CAE shares were trading at AUD 0.045 per share at the time of writing on 5 May 2026.
