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Highlights
- Cannindah Resources has identified potential mineralised breccia extensions outside the current Mineral Resource Estimate (MRE).
- The Southern and Northern Breccia Extension Targets extend over a strike length of up to 300m and 200m, respectively.
- A drilling program is being planned to test these new targets along with porphyry copper-gold targets in the southern and eastern areas.
- The updated Mt Cannindah MRE currently stands at 14.5Mt @ 1.09% Cu equivalent.
- CAE shares surged nearly 22% following the announcement, reflecting positive market sentiment.
Cannindah Resources Limited (ASX:CAE) has released an exploration update for its Mt Cannindah Copper-Gold Project in central Queensland, following a detailed review of historical drilling data alongside recent surface mapping and sampling programs.
The evaluation has revealed promising potential for extensions of mineralised breccia beyond the current Cannindah Breccia Mineral Resource Estimate (MRE), which currently stands at 14.5Mt at 1.09% Cu equivalent.
Image and Data Source: Company Update
Based on these criteria, potential extensions have been identified along strike to both the north and south of the existing MRE. The Southern Breccia Extension Target extends over a strike length of up to 300m, while the Northern Breccia Extension Target extends over a strike length of approximately 200m.
The data review has also highlighted structural features both within and beyond the existing MRE area that are believed to influence the locations of high-grade copper mineralisation. These findings are expected to play a critical role in guiding the next phase of drill targeting.
The company plans to drill-test these newly defined target areas, along with the ‘pencil’ porphyry targets in the eastern and Southern areas, as outlined in a company update dated 2 June 2025.
Details of Identified Mineralised Extensions
The Northern Extension is marked by a shift in strike orientation from north-south to north-northeast, while the Southern Extension has been defined through historical mapped distribution of the mineralised breccia and with CAE023 identified as being collared in the hanging wall. No recent drilling has tested this zone. However, rock chip sampling and mapping confirmed mineralised breccia continuing south, trending toward the Little Wonder North East area with supporting geophysical and geochemical anomalies.
Plans Ahead
The company will prioritise high-grade breccia extensions and porphyry centres at the Southern and Eastern Targets. Once drilling begins, ongoing results and updates over the next four months will aim to confirm resource extensions and advance exploration of the ‘pencil’ porphyry targets. These efforts are aligned with the company’s objective of developing a 100–200Mt copper asset.
To know more about “pencil” porphyry targets – Click Here.
CAE Shares Rally
Triggered by the update, CAE shares were trading 21.7% higher at AUD 0.028 per share at the time of writing on 22 July 2025.
