Cannindah Resources (ASX:CAE) Reports New Copper-Gold Intercepts from Resource Expansion Drilling

2 min read | March 17, 2026 11:57 AM AEDT | By Sonal Goyal

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Cannindah Resources (ASX:CAE) Reports New Copper-Gold Intercepts from Resource Expansion Drilling — Image source: Company Update

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Highlights

Cannindah Resources reported encouraging early assay results from its 2026 reverse circulation drilling program at the Cannindah Breccia Project.

Initial drilling at the GAP target returned a significant intercept of 94m at 1.11% CuEq, including 54m at 1.61% CuEq, from hole 26CRC011.

Results suggest down-dip extensions of mineralisation intersected during the 2025 drilling campaign.

The reported grades and intercept thicknesses exceed those in the current Mineral Resource Estimate, highlighting potential for resource growth.

Assay results are still pending for four additional drill holes, with follow-up drilling planned to test mineralisation at depth and along strike.

Cannindah Resources Limited (ASX:CAE) has reported encouraging early results from its 2026 reverse circulation drilling program at the Cannindah Breccia Project, with initial assays from the GAP target confirming significant copper-gold mineralisation. Early results, including a significant intercept from hole 26CRC011, suggest the possibility for the expansion of the current Mineral Resource Estimate.

Early Drilling Results from GAP Zone

The company planned 12 RC holes to test the GAP target at the Cannindah Breccia and assays have been received for 5 drill holes. The GAP target area represents 280 metres of the total 600-metre strike length of the deposit. Despite accounting for nearly half of the strike length, the zone currently contains around 25% of the copper equivalent metal in the existing Mineral Resource Estimate.

This target is defined as a zone with lower drill density, suboptimal historical drill orientations, and incomplete assay data from earlier exploration campaigns.

Initial assay results from the 2026 drilling campaign have confirmed notable mineralisation within the ‘GAP’ zone. One of the significant intersections has been reported from drill hole 26CRC011-

94 metres at 1.11% CuEq, consisting of 67 grams per tonne gold and 0.47% copper, beginning at a depth of 178 metres, including:
- 54 metres at 1.61% CuEq, including 95 grams per tonne gold and 0.69% copper, from 204 metres.

These intersections occur on an apparent dip flexure in the breccia body.

CAE shares were trading at AUD 0.035 per share, up ~3%, at the time of writing on 17 March 2026.

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