Cannindah confirms broad copper-gold system at Southern target

Explorer Cannindah Resources (ASX:CAE) has confirmed a large-scale copper-gold system with the receipt of final assays from the Southern porphyry target within the Mt Cannindah project in Queensland.

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The latest results and previously reported assays from CY25 recon drilling identified very broad zones of copper and gold mineralisation.

Cannindah managing director and CEO, Cameron Switzer, said the broad intervals identified are typically positive indicators in the porphyry exploration toolbox.

“We initially recognised this Southern Porphyry opportunity in mid-2025, and with each subsequent phase of exploration activity, the prospectivity and potential of this opportunity continues to expand and be upgraded,” he explained today.

“Many documented deposit discovery histories include the follow-up drilling of similar results. Our mineralised intersections indicate extensive drilling is required and demonstrate a clear indication of a fertile intrusive centre.”

Mr Switzer told company shareholders that, notably, all geological indicators suggest Cannindah is testing a fully preserved system. “The company will continue to aggressively explore and evaluate this asset with the appropriate deployment of in-ground drilling investment,” the company’s MD said.

He added: “2026 is shaping up as an exciting year for Cannindah’s stakeholders.”

Work to date has found the overall Southern porphyry system has a surface footprint in excess of 2,000 metres by 800 metres and remains open to the south and east and at depth.

Meanwhile, resource expansionary drilling continues at the Mt Cannindah Breccia target with a total of seven holes completed to date from the early planned 12 holes, with first assay results expected this month.

The Mt Cannindah project comprises nine mining leases and two exploration permits. It was the site of small-scale mining operations from 1884 to 1920, followed by a leaching operation from 1947 to 1965.

Within the Mt Cannindah leases, there are at least 17 significant copper, gold and molybdenum mineralised occurrences, each defined by multiple pits.

CAE has been steady at 4.5c this morning.

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