Cannindah Resources Expands Southern Porphyry Target to Major 1500m System
Cannindah Resources (ASX: CAE) has delivered impressive results from its Mt Cannindah Project, identifying significant surface mineralisation that extends the Southern Porphyry Target Zone to dimensions of 1500m by 700m. The latest surface sampling at Appletree East has revealed porphyry-style veining with copper-gold-molybdenum geochemistry located 400m northeast of the previously identified system limits.
Key surface samples returned exceptional results, including 0.16% Cu and 31ppm Mo, whilst the broader system benefits from the adjacent Appletree Trenches which delivered 61m @ 1.28% CuEq including 0.94% Cu, 0.22g/t Au, and 141ppm Mo. With the current drill programme having completed 7 holes at the Cannindah Breccia deposit (hosting 14.9Mt @ 1.09% CuEq for 158Kt CuEq), the company is positioned to commence scout drilling of the Southern Target Zone within the next 1-2 weeks.
Understanding Porphyry Copper Systems: What Investors Need to Know
Porphyry copper deposits represent some of the world's largest and most economically significant mineral systems. These deposits form when molten rock pushes up into the Earth's crust, creating extensive networks of mineral-bearing veins that can extend over several square kilometres.
What makes porphyry systems attractive to investors:
- Large tonnage potential with consistent grades
- Multiple metals (copper, gold, molybdenum) in single deposits
- Long mine lives often exceeding 20-30 years
- Bulk mining methods that support economies of scale
The key indicator at the Cannindah Resources Ltd copper-gold project is the grade shell development – porphyry systems typically show increasing mineralisation strength toward central intrusive regions. Cannindah's surface sampling suggests they may be sampling the upper levels of a much larger system, potentially hundreds of metres above the main mineralised core.
Systematic Expansion Reveals Significant Scale Potential
| Target Area | Dimensions | Key Features |
|---|---|---|
| Southern Target | 1500m x 700m | Coherent soil anomalism: 1000ppm Cu, 0.1ppm Au, 70ppm Mo |
| Eastern Target | 1700m x 400m | Largest IP chargeability response >100mV/V |
| Cannindah Breccia | 600m x 100m | Current resource: 14.9Mt @ 1.09% CuEq |
The Appletree East discovery demonstrates the systematic approach paying dividends. Surface mapping identified outcropping mineralised skarn (a type of altered rock) with variably developed porphyry stockwork veining, supported by elevated pathfinder elements including tellurium, bismuth, and tin – classic indicators of porphyry systems.
"Systematic exploration continues to pay dividends with the identification of further extensions to this large Cu Au Mo system. The dimensions or footprint of this porphyry system are now becoming impressive." – Chairman Michael Hansel
Strategic Drilling Campaign Set to Create Value
The company's methodical exploration approach is accelerating with multiple drill programmes. Furthermore, the timing is strategic – with the drill rig already mobilised and recent trenching success at Appletree-Dunno, the Cannindah Resources Ltd copper-gold project can rapidly test multiple high-priority targets across the expanding system.
Immediate Priorities (Next 1-2 weeks):
- 10 scout holes planned for Southern Target Zone testing
- Drill testing to 320m depth targeting grade shell combinations
- Focus on high-order IP chargeability anomalies (areas showing electrical responses that typically indicate sulphide minerals)
Current Programme Status:
- 7 holes completed at Cannindah Breccia
- Systematic targeting of strike and dip extensions
- 3 scout holes planned for Eastern Target (>320m depth)
Resource Base Provides Strong Foundation
| Resource Category | Tonnage (Mt) | Cu % | Au g/t | CuEq % | CuEq (Kt) |
|---|---|---|---|---|---|
| Measured | 7.1 | 0.77 | 0.41 | 1.15 | 81.2 |
| Indicated | 5.7 | 0.67 | 0.39 | 1.00 | 57.4 |
| Inferred | 1.7 | 0.70 | 0.58 | 1.15 | 19.7 |
| Total | 14.5 | 0.72 | 0.42 | 1.09 | 158.3 |
The Monument Exploration Target adds further upside potential with 25-30Mt at 0.2-0.3% Cu and 100-150ppm Mo, representing 64-114Kt CuEq. This conceptual target highlights the system's scale potential whilst the current resource provides immediate value foundation.
Key Value Drivers:
- Multiple high-grade gold veins present on Breccia margins
- Mineralisation remains open along strike north and south
- Strong structural controls localising higher-grade zones
Why Should Investors Track Cannindah Resources?
Cannindah presents a compelling investment proposition in the copper-gold space, combining established resources with exceptional exploration upside in a proven porphyry system. In addition, the company's systematic expansion of the Southern Target from a 500m x 100m zone to the current 1500m x 700m footprint demonstrates the potential for continued growth.
Strategic Advantages:
- Prime location: 90km southwest of Gladstone, Queensland with existing infrastructure
- Historical validation: Small-scale mining from 1884-1920, leaching operations 1947-1965
- System-scale potential: 17 significant Cu-Au-Mo occurrences across the project
- Modern exploration approach: Systematic targeting using integrated geochemistry, geophysics, and geology
With the system remaining open to the west, east, and south, upcoming drill results could significantly expand the known mineralisation envelope. However, the presence of 17 significant copper-gold-molybdenum occurrences across the broader project area suggests the system may be even larger than currently recognised.
Upcoming Catalysts:
- Scout drilling results from Southern Target (next 1-2 weeks)
- Eastern Target drill programme (3 holes to >320m)
- Annual General Meeting (November 11, 2025)
- Noosa Mining Conference presentation (November 12-14, 2025)
The Cannindah Resources Ltd copper-gold project has positioned itself as a significant copper-gold story with proven resources and exceptional exploration upside. The systematic expansion of the porphyry system to 1500m x 700m dimensions, combined with immediate drill catalyst potential, makes this a compelling stock to watch as the company continues to advance one of Queensland's most promising mineral systems.
For instance, the integration of historical mining validation with modern exploration techniques provides additional confidence in the project's potential. The Cannindah Resources Ltd copper-gold project may be part of an even larger mineralised system than currently recognised, making it an attractive opportunity for investors seeking exposure to quality copper-gold assets in a proven jurisdiction.
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