Cannindah Resources Accelerates Diamond Drilling at Mt Cannindah Copper-Gold Target


 The company has committed to a minimum 10,000-metre drilling programme, initially focusing on the eastern 700 metres of the broader 2,000-metre-long Southern Target. Each hole is designed to reach depths beyond 1,200 metres, giving Cannindah the ability to properly test the deeper core of the porphyry system where higher-grade zones often develop. Geological indicators such as increasing copper-gold grades with depth, intrusive dykes, and strong gold association continue to support the exploration thesis.

What makes this campaign especially exciting is the scale potential. The Southern Target remains open to the west and south, while soil anomalies, IP chargeability zones, and skarn alteration all point toward a much larger mineralised footprint. Management has compared the target’s geological signature with major Australian porphyry systems, raising hopes that Mt Cannindah could evolve into a long-life copper-gold asset.

Alongside the porphyry drilling, Cannindah is also continuing resource expansion drilling at the Cannindah Breccia deposit, where the current mineral resource stands at 14.5 million tonnes at 1.09% CuEq. With around $17 million in cash, the company remains well-funded to aggressively push exploration across multiple targets without immediate dilution pressure.

As global copper demand continues to rise on electrification and energy transition themes, successful deep drilling results at Mt Cannindah could significantly re-rate Cannindah Resources and position it as one of the ASX’s most compelling copper-gold exploration stories in 2026

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