Australia's Cannindah Resources jumps on precious metals find in Queensland

Cannindah Resources

09/03/2023 01:16

** Shares of Cannindah Resources Ltd  CAE.AX  jump as much
as 12.1% to A$0.185, on track for best day since Nov 7, if gains
hold
    ** The copper and gold miner says wide intersections of
copper gold and silver at Mt Cannindah in Queensland confirm
depth and strike length 
    ** Says pursuing stated objectives of increasing known
mineralisation at Mt Cannindah
    ** Stock hits highest since March 2
    ** Stock down 31.3% this year, as of last close


 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))