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Why Did Cannindah’s SPP Attract $4.9 Million—More Than Double Its Target?
9:36am on Wednesday 25th of February, 2026 AEDT
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Mining
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Why Did Cannindah’s SPP Attract $4.9 Million—More Than Double Its Target?
9:36am on Wednesday 25th of February, 2026 AEDT
Key Points
SPP applications reached $4.9 million, more than double the $2 million target
Scale back applied to reduce valid applications to $3 million
Funds to support drilling and exploration at Mt Cannindah Copper-Gold Project
Recent $11.1 million placement completed; second tranche pending shareholder approval
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CANNINDAH RESOURCES (ASX:CAE)
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