Australia's Cannindah Resources climbs on potential mineral increase at flagship project
03/07/2024 04:05
** Shares of Cannindah Resources CAE.AX rise as much as
20.7% to A$0.070, hitting their highest level since March 22
** Stock currently up around 8.6%
** Diversified miner completed its first phase of drilling
program at its onshore flagship Mt Cannindah Cu/Au project
** Co says drilling program resulted in significant 117%
increase in copper metal potential at project
** Increase in mineral potential underscores potential
future growth for project
** Stock has fallen 42% this year as of last close
(Reporting by Shivangi Lahiri in Bengaluru)
((shivangi.lahiri@thomsonreuters.com))