AUS
NZ
UK
CA
USA
IND
Highlights
- Cannindah Resources has commenced drilling to test the potential higher-grade “GAP” zone within the 14.5Mt @ 1.09% CuEq Mineral Resource Estimate.
- Recent drilling returned 278m @ 1.16% CuEq at the northern GAP zone and 120m @ 1.16% CuEq (including 60m @ 1.94% CuEq) at the southern end.
- The initial program comprises 12 planned drill holes for ~3,000 metres, with scope for follow-up drilling pending results.
- A second drill rig has been secured to commence drilling at the Southern Porphyry Copper-Gold Target within four weeks.
Cannindah Resources Ltd (ASX:CAE) has commenced a resource expansionary drilling program at its Cannindah Breccia copper-gold deposit in Queensland. The program is designed to test higher-grade “GAP” zone within the existing Mineral Resource Estimate (MRE). The campaign will assist in updating the MRE.
An initial 3,000m program consisting of 12 holes is planned, with further drilling contingent on positive results.
Targeting the Breccia “GAP” Zone
The "GAP" zone, discovered during the 2025 drilling program, represents a 275m section of a larger 600m breccia strike. The zone represents a ‘Gap’ within MRE due to
- lower drill data,
- previous sub-optimal drill orientations not analysing high-grade footwall structure and
- earlier sampling not conducted due to high-grade cut-off grades.
Recent drilling at both the northern and southern extents of the “GAP” zone has returned notable intersections. At the northern end, diamond hole 22CAE008 intersected 278 metres at 1.16% CuEq from surface. At the southern end, RC hole 25CRC002 returned 120 metres at 1.16% CuEq from 30 metres, including an interval of 60 metres at 1.94% CuEq from 48 metres.
Current Resource and Geological Setting
The Mt Cannindah Breccia is a 600-metre by 100-metre zone of fractured and brecciated material. Since 2021, the company has completed 25 diamond drill holes at the breccia, leading to the declaration in July 2024 of a 14.5Mt @ 1.09% CuEq resource.
Broader Exploration Activities
In addition to the breccia drilling, the company has secured a second rig to advance exploration at the Southern Porphyry Copper-Gold Target which is expected to commence within a month. Recent drilling at the Southern Target intersected 28 metres at 1.15% CuEq in hole 25CRC016, which ended in mineralisation and is interpreted to have intersected the upper or outer halo of a porphyry system.
Upon completion of the current drilling program and receipt of all assay and geological data, Cannindah plans to update the Mineral Resource Estimate for the Cannindah Breccia. The results will inform future exploration and development activities across both the breccia and southern porphyry targets as the company continues systematic evaluation of the broader Cannindah project area.
CAE shares were trading 2% higher at AUD 0.051 per share at the time of writing on 10 February 2026.
