Australia's Cannindah Resources rises on due diligence proposal from Chilean govt agency
08/10/2024 04:58
** Shares of Cannindah Resources CAE.AX rise as much as
9.6% to A$0.057, their highest levels since July 19
** The mineral explorer says it has received proposal to
conduct due diligence from Corporacion Nacional del Cobre de
Chile (Codelco) for its Mt Cannindah project in Queensland
** Says Codelco in contemplation of entering into a
potential transaction for the project
** More than 325,000 shares change hands, 2.7 times the
30-day avg
** Stock down 46% YTD, including current session's moves
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))