Cannindah Resources (ASX: CAE) Shares Surge ~20% on Major Porphyry Extension

1 min read | November 03, 2025 04:03 PM AEDT | By Aditi Sarkar

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Cannindah Resources (ASX: CAE) Shares Surge ~20% on Major Porphyry Extension — Image source: Company Update

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Highlights

Shares of CAE are up around 20% during Monday afternoon trading.

Surface sampling at Appletree East has identified a 400-metre strike extension of porphyry-style mineralisation.

Southern Porphyry Target Zone footprint expanded to approximately 1,500 metres by 700 metres.

Scout drilling of the Southern Target Zone to commence within 1–2 weeks, with 10 holes scheduled.

Shares of Cannindah Resources Limited (ASX:CAE) are up 19.64% to AUD 0.067 during Monday trade after the company announced the identification of porphyry-style surface mineralisation at Appletree East.

Appletree East is located approximately 400m northeast of the previously defined limits at Appletree within the Southern Porphyry Target Zone of the Mt Cannindah Project in Queensland.

CAE Chairman Mr. Michael Hansel stated, “Systematic exploration continues to pay dividends with the identification of further extensions to this large Cu Ao Mo system. The dimensions or footprint of this porphyry system are now becoming impressive. Given the lack of drill testing from a recent modern exploration perspective, we maintain this target provides a tremendous transformational growth opportunity moving forward for all Cannindah stakeholders.”

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