Mt Cannindah Porphyry System Remains Open, Raising Exploration Stakes

Significant Drill Results Upgrade Southern Porphyry Target

Cannindah Resources Ltd has unveiled compelling new assay results from its 2025 reconnaissance drilling campaign at the Mt Cannindah project, located in central Queensland. The data confirm the presence of a large-scale Southern Porphyry Copper-Gold System, with broad zones of mineralisation extending over a 700-metre strike length and remaining open for expansion.

The standout intersections include 148 metres at 0.27% copper equivalent from 112 metres depth and 172 metres at 0.18% copper equivalent from 118 metres, demonstrating the extensive nature of the mineralised envelope. Notably, higher-grade zones have been identified, such as 28 metres at 1.15% copper equivalent from 298 metres, which ended in mineralisation, suggesting proximity to a fertile intrusive centre.

Geological Indicators Point to a Fertile Porphyry Centre

The drilling has revealed key porphyry indicators including hypogene copper mineralisation within stockwork veins and altered intrusive dykes. These features, combined with a metal ratio shift from copper dominance on the periphery to gold dominance towards the centre, strongly support the interpretation of a preserved porphyry system. The mineralisation shows increasing grade and thickness towards the south, where the company plans to focus upcoming diamond drilling efforts.

Importantly, the Southern Porphyry System covers a surface footprint exceeding 2,000 metres by 800 metres and remains open to the south, east, and at depth. This open-ended nature offers significant upside potential for resource expansion beyond the current defined zones.

Strategic Exploration and Funding Position

Cannindah is advancing an extensive diamond drilling program to test the system’s depth and lateral extensions, building on the encouraging scout drilling results. Concurrently, resource expansion drilling continues at the Cannindah Breccia deposit, with initial assays expected shortly. The company is well capitalised with approximately $17 million in cash, positioning it to aggressively pursue these transformational exploration targets throughout 2026.

Managing Director Cameron Switzer emphasised the evolving prospectivity of the Southern Porphyry Target, noting that the broad mineralised intervals and geological indicators are typical of significant porphyry discoveries globally. He highlighted the company’s commitment to sustained drilling investment to unlock the full potential of the Mt Cannindah project.

Context Within the Mt Cannindah Project

The Mt Cannindah project hosts multiple mineralised occurrences including breccias, skarns, and vein systems associated with the Triassic Monument Intrusive Complex. Historical mining and exploration have identified significant copper, gold, and molybdenum mineralisation, but the recent drilling results provide fresh impetus for a major porphyry-style discovery. The project’s geological setting shares similarities with world-class porphyry systems such as North Parkes and Cadia in New South Wales and Red Chris in Canada.

With the Southern Porphyry Target now firmly established and open for expansion, Cannindah is poised to deliver further exploration milestones that could materially enhance the project’s resource base and value proposition.