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Cannindah Raises $15M to Power Next Phase of Mt Cannindah Drilling
9:56am on Tuesday 3rd of February, 2026 AEDT
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Mining
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Cannindah Raises $15M to Power Next Phase of Mt Cannindah Drilling
9:56am on Tuesday 3rd of February, 2026 AEDT
Key Points
Two-tranche placement raising $15 million at 4.5 cents per share
Additional $2 million targeted via non-underwritten Share Purchase Plan
Funds earmarked for drilling to expand copper-gold resources and explore Southern Porphyry target
Strong institutional and existing shareholder support, including director participation
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Cannindah Resources (ASX:CAE)
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