Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Cannindah Resources Limited ( (AU:CAE) ) just unveiled an update.
Cannindah Resources Limited has announced significant results from its first step out drillhole at the Cannindah Breccia within the Mt Cannindah Project. The drillhole returned a high-grade intersection of 52 meters at 1.18% copper equivalent, including 22 meters at 2.63% copper equivalent. These results extend the mineralized zone further east and confirm the potential for future growth opportunities. The company plans to continue drilling to better understand the controlling structures and to upgrade the current mineral resource estimate, which could have positive implications for stakeholders.
More about Cannindah Resources Limited
Cannindah Resources Limited operates in the mining industry, focusing primarily on the exploration and development of mineral resources. The company is engaged in the extraction of copper, gold, and other minerals, with a significant focus on the Mt Cannindah Project in Queensland, Australia.
Average Trading Volume: 1,288,259
Technical Sentiment Signal: Buy
Current Market Cap: A$70.14M
For a thorough assessment of CAE stock, go to TipRanks’ Stock Analysis page.