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Highlights
- New drilling has identified a near-surface, high-grade copper-gold zone within the footwall of the Cannindah Breccia Deposit.
- The mineralised zone shows vertical continuity beyond 140m and extends mineralisation 35m further east than earlier models.
- Eight of the planned ten drill holes at the Southern Target have been completed, all intersecting altered skarn and sulphide-bearing host rocks.
- Drill results from the Eastern Target revealed halo intersections exhibiting favourable geological characteristics.
Cannindah Resources Limited (ASX:CAE) has released an exploration update confirming a near-surface, high-grade copper-gold target within the footwall zone of the Cannindah Breccia Deposit at the Mt Cannindah Breccia, Queensland. The target was identified through the company’s recent drilling program.
Notable intercepts include
- 52m at 1.18% CuEq from 30m, incorporating 22m at 2.63% CuEq from 32m in hole 25CRC0012
- 120m at 1.16% CuEq from 30m, containing 60m at 1.94% CuEq from 48m in hole 25CRC0023
These findings indicate that the mineralised footwall zone continues vertically from surface to depths beyond 140m. The results also extend the mineralisation at least 35m further east than previously interpreted, supporting an updated geological interpretation.
Additional Resource Potential and Data Gap Identified
The company noted that a 200m to 250m drill data gap exists within the Cannindah Breccia Mineral Resource, located between the recent drill holes (25CRC001, 25CRC002) and an existing modelled block grading above 1% copper to the north. This area has not been tested by earlier drilling programs. The company describes this as an immediate opportunity for future exploration. Drilling of this target is scheduled for early 2026.
The Cannindah Breccia is a 600m by 100m zone of fractured and hydrothermally altered material situated along a major lithological boundary and controlled by a regional NNE-SSW fault. Since 2022, the company has completed 25 diamond drill holes at the breccia, defining a 14.5Mt resource grading 1.09% CuEq. Drilling to date has intersected mineralisation down to 1,086m below surface, although the current resource sits within an open-pit model limited to 350m depth.
Recent 2025 reverse circulation growth drilling has outlined high-grade extensions located approximately 250m south of the previously defined 1% copper zones intersected in holes 25CRC001 and 25CRC002.
Upcoming work at the Cannindah Breccia will focus on drill testing this newly identified near-surface high-grade target.
Eastern Target Drilling Returns Halo Intersections
Additionally, the company has shared an update on the growth program at the Eastern Target and the Southern Target of the Mt Cannindah Project.
At the Eastern Target, four drill holes were completed to test IP chargeability anomalies and magnetic targets situated on the Kalpowar Fault.
- Hole 25CRC004 intersected 20m at 0.13% CuEq from 46m, with the chargeability anomaly attributed to higher pyrite content downhole.
- Hole 25CRC009 returned 18m at 0.19% CuEq from 62m and 10m @ 0.11% Cu from 248m.
- Hole 25CRC011 returned 58m at 0.14% CuEq from 222m.
Southern Target Drilling Nearing Completion
The current drilling program at the Southern Target is advancing with eight of ten planned holes completed. All holes have reached their intended depths of around 300m and preliminary logging of drill chips outlined extensive skarn-altered host rocks, minor felsic dykes, and varying sulphide content, correlating with a large induced-polarisation anomaly. Assays for these holes are pending, and all remain available for potential diamond-tail.
CAE Shares Charge Higher
CAE shares were trading 4.55% higher at AUD 0.046 per share at the time of writing on 11 December 2025.
