Cannindah Resources (ASX:CAE) Appoints Mining Veteran Tony Rovira to Board

February 26, 2025 12:24 PM AEDT | By Sonal Goyal

Cannindah Resources (ASX:CAE) Appoints Mining Veteran Tony Rovira to Board — Image source: Company update

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Highlights

Tony Rovira appointed as Non-Executive Director of Cannindah Resources.

Rovira, fomer Managing Director of Azure Minerals, led the discovery of the world-class Andover Lithium Deposit.

Rovira has committed AU$250,000 to Cannindah through a placement of 5 million shares.

Newly appointed Non-Executive Director John Morrison will invest AU$200,000 in CAE.

CAE shares surge 13.5% to 5.9 cents per share on 26 February 2025.

Cannindah Resources Limited (ASX:CAE) has appointed highly regarded mining executive Tony Rovira to its Board as a Non-Executive Director. Rovira brings over four decades of technical and managerial experience in the mining industry.

Most recently, Rovira served as Managing Director of ASX-listed Azure Minerals Limited, where he oversaw the discovery of the Pilbara-based Andover Lithium Deposit. This discovery ultimately led to an all-cash acquisition valued at AU$1.7 billion of the firm.

For his role in this development, Tony and Azure were honoured with the prestigious “Dealer of the Year Award” at the 2024 Diggers & Dealers Mining Forum.

Strategic Investment in Cannindah Resources

As a demonstration of his commitment to Cannindah Resources, Rovira will invest AU$250,000 in the company through a placement of 5 million shares at an issue price of AU$0.05 per share. The funds will be directed towards advancing exploration efforts at the Mt Cannindah Project, which hosts a copper-gold resource of 14.5Mt at 1.09% CuEq.

CAE shares surge

CAE shares were trading 13.5% higher at 5.9 cents per share at the time of writing on 26 February 2025.

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