FINWIRES · TerminalLIVE
FINWIRES

Cannindah Resources Identifies Resource Expansion Potential at Queensland Copper-Gold Project

By

Cannindah Resources (ASX:CAE) said it has identified "significant" resource expansion potential at the Cannindah breccia copper-gold deposit of its Mt Cannindah project in Queensland, according to a Wednesday Australian bourse filing.

The company said some historical holes within the current mineral resource estimate (MRE) envelope have incomplete assay data, highlighting the opportunity to potentially upgrade the MRE, while additional outcropping host-rock breccia has now been mapped for about 400 meters along strike to the south of the 600-meter envelope.

Several historical diamond drill holes located up to 550 meters south of the southern mineral resource boundary were never sampled despite containing visual breccia and sulphides, and have now been sent for analysis, the filing added.

The company will drill an additional 17 holes for 3,500 meters to test high-priority resource growth targets, with an updated MRE planned following completion of the current drill program.

Related Articles

Asia

Xinte Energy's Losses Narrow in 2025; Shares Up 4%

Xinte Energy (HKG:1799) recorded 1.21 billion yuan in attributable loss in 2025, narrowing from a loss of 3.90 billion yuan a year earlier, according to a Hong Kong bourse filing Tuesday.The renewable energy company's shares were up nearly 4% in late morning trade Wednesday.Loss per share was 0.84 yuan, compared with 2.73 yuan in the prior year.Revenue fell 28% year on year to 15.25 billion yuan, figures showed.

HKG:1799
Asia

Andean Silver Continues Advancing Chile Project Exploration in March Quarter

Andean Silver (ASX:ASL) continued advancing exploration at its Cerro Bayo project in Chile during the March quarter, confirming the prospectivity of newly identified mineralized vein systems, according to a Wednesday filing with the Australian bourse.The company generated "outstanding" drilling results in key areas, with conversion drilling consistently intersecting main mineralized zones in Coyita, Delia SE, and Temer, the filing said.Results will be integrated into an updated mineral resource estimate slated for release in the June quarter, per the filing.Shares rose nearly 1% in afternoon trade Wednesday.

ASX:ASL
Asia

Toubani Resources Confirms Uninterrupted Operations at Mali Gold Project Despite Security Concerns; Shares Up 8%

Toubani Resources (ASX:TRE) said its Kobada Gold Project in southern Mali continues to operate without interruption despite recent security incidents in the country, with construction, drilling, and financing activities all advancing in line with schedule, according to a Wednesday Australian bourse filing.The company said all personnel are safe, and security and travel protocols remain in place, with close communication maintained with Malian authorities, per the filing.Construction and drilling work accelerated in accordance with the project timeline, driven by continued mobilization of contractors and materials, including recent deliveries through the Port of Abidjan, the filing said.Engineering and procurement remain on track, while financing efforts with Eagle Eye Asset Holdings and Coris Bank's senior and mezzanine debt facilities are well advanced, with financial close still targeted for the June quarter, the filing added.The company's shares rose 8% in recent Wednesday trade.

ASX:TRE