#coppergold

Diamond drilling is one of the most precise and reliable methods used in mineral exploration. In the case of Cannindah Resources Fires Up Diamond Drilling at Southern Porphyry Copper-Gold Target in a Potentially Transformational Move, this technique plays a critical role in evaluating subsurface geology.

Through diamond drilling, geologists can obtain continuous core samples, offering detailed insights into rock composition and mineralization patterns. This level of accuracy is essential when targeting porphyry systems known for hosting significant copper and gold deposits.

The southern porphyry target represents a highly prospective zone with strong geological indicators. By deploying advanced drilling methods, Cannindah Resources is increasing the likelihood of identifying economically viable mineral deposits.

These deposits are typically formed through magmatic processes, resulting in extensive mineralisation zones. The Southern Porphyry area has shown promising signs through previous geological surveys, making it a prime candidate for further exploration.

By initiating diamond drilling, Cannindah Resources aims to validate historical data and uncover new mineralisation zones. This step is critical in determining the economic viability of the project and estimating resource potential.

Cannindah Resources has commenced a major 10,000m diamond drilling program at the Southern Porphyry Target within its Mt Cannindah Project in Queensland, targeting the deeper potential of a large-scale copper-gold system that could be transformational for the Company.

The first diamond hole is extending *RC hole 25CRC016, which previously intersected *28m @ 1.15% CuEq, providing strong evidence of a potentially significant porphyry mineralised system at depth.

🔎 Key Highlights

10,000m Phase 1 diamond drilling program underway

Targeting extensions of high-grade copper-gold mineralisation

Previous standout intercept: 28m @ 1.15% CuEq

Southern Target spans ~2,000m strike with strong geophysical indicators

Exploration Target estimated at 64Kt to 114Kt CuEq (near-surface skarn zone)

Existing MRE: 14.5Mt @ 1.09% CuEq at Cannindah Breccia

Strong financial position supports aggressive exploration program

🗣️ Management Commentary

Managing Director Cameron Switzer highlighted that current exploration data supports the presence of a significant copper-gold porphyry system, with drilling designed to test mineralisation at depths exceeding 1,200m.

📍 Why It Matters

Porphyry systems are known for hosting large, long-life copper-gold deposits. Confirmation of scale at depth could significantly enhance the resource potential at Mt Cannindah.

📊 Market Snapshot

Share Price: $0.037 Market Cap: $47.05M

📈 Investor Outlook

With strong funding, ongoing drilling and compelling geological indicators, Cannindah is advancing a high-impact exploration program with potential for meaningful resource growth.

🔗 Read more: https://colitco.com/cannindah-resources-fires-up-diamond-drilling/

Asian Battery Metals is building a compelling copper growth story in Mongolia, with high-grade discoveries, strong metallurgical recoveries, and multiple drill-ready targets across a highly prospective mineral belt.

With exposure to copper, copper-nickel and copper-gold systems, the company is positioning itself to benefit from rising global demand driven by electrification, EV adoption and energy transition infrastructure.

🔎 Key Highlights

Oval Cu-Ni-PGE discovery extended to 880m strike length

Strong metallurgical recoveries of 89–95% copper confirming processing potential

High-grade drill results including 9.5m @ 3.11% Cu and 3.39% Ni

Maikhan Uul Cu-Au VMS Project adds historic 5Mt resource with expansion upside

Shallow gold discovery with intercepts up to 13 g/t Au

Strategic project location within the Central Asian Orogenic Belt

Experienced leadership with direct connection to the Oyu Tolgoi copper discovery

The company’s portfolio provides exposure to multiple copper growth opportunities within close proximity to major processing markets.

🗣️ Management Insight

Managing Director Gan-Ochir Zunduisuren brings more than 20 years of regional experience and a track record linked to the globally significant Oyu Tolgoi copper project, applying a discovery-led growth strategy focused on building long-term shareholder value.

📍 Next Steps

Asian Battery Metals is advancing:

Phase 4 drilling at Oval targeting new geophysical anomalies

Resource definition drilling across copper targets

Follow-up exploration at Maikhan Uul copper-gold system

Continued testing of shallow gold mineralisation

Ongoing geological modelling to expand system scale

📊 Market Snapshot Share Price: $0.021 Market Cap: ~$17.23M

📈 Investor Outlook

With strong copper fundamentals and increasing structural demand driven by electrification and infrastructure growth, Asian Battery Metals offers leveraged exposure to a developing copper portfolio with significant exploration upside potential.

🔗 Read more: https://colitco.com/az9-copper-discovery-mongolia-supercycle-colitco/

Cannindah Resources has reported strong copper-gold drill results from its 2026 resource expansion program at the Mt Cannindah Project in Queensland, reinforcing the potential for resource growth within the Cannindah Breccia system.

The latest drilling in the “GAP” zone has confirmed high-grade mineralisation and continuity, supporting the development of ore shoots and expansion of the existing Mineral Resource.

🔎 Key Highlights

Significant intercept: 94m @ 1.11% CuEq from 178m

Including high-grade zone: 54m @ 1.61% CuEq from 204m

Strong continuity of mineralisation across upper and lower zones

Results exceed grades and thickness of current Mineral Resource estimates

Cannindah Breccia spans ~600m strike with large-scale system potential

Assays pending for 4 additional drill holes with further drilling planned

Previous standout results further highlight scale:

120m @ 1.16% CuEq including 60m @ 1.94% CuEq

52m @ 1.18% CuEq including 22m @ 2.63% CuEq

🗣️ Management Commentary

Managing Director Cameron Switzer noted that results confirm strongly mineralised zones beneath lower-grade areas, with the identification of ore shoot development enhancing confidence in further resource expansion.

📍 Next Steps

Cannindah is advancing:

Follow-up drilling at depth and along strike (commencing shortly)

Additional assays from ongoing drill program

Diamond drilling at the Southern Copper-Gold Porphyry Target in coming weeks

Continued aggressive exploration backed by strong funding

📊 Market Snapshot Share Price: $0.034 Market Cap: $45.71M

📈 Investor Outlook

The latest results strengthen Cannindah’s position as a high-impact copper-gold explorer, with increasing evidence of ore shoot development and system scale. With drilling accelerating and multiple targets across the Mt Cannindah project, the company is well positioned for resource growth and potential re-rating as exploration advances.

🔗 Read more: https://colitco.com/cannindah-resources-gap-zone-drilling-colitco/

Copper demand is projected to grow substantially due to global electrification trends. Renewable energy systems, battery storage, and electric vehicles require large amounts of copper wiring and components. This structural demand supports long-term price fundamentals.

Cannindah Resources has strengthened its technical team with the appointment of Mr Chris Chambers as Exploration Manager, effective immediately.

With more than 30 years of global exploration experience — including senior roles at Normandy, Newcrest and Evolution Mining — Mr Chambers brings deep expertise across porphyry-related and intrusive copper-gold systems, directly aligned with Cannindah’s evolving Mt Cannindah model.

Managing Director Cameron Switzer highlighted that the appointment reinforces the Company’s capability as it advances resource expansion and discovery drilling.

🔎 Mt Cannindah Snapshot

100% owned Copper-Gold Project in Queensland

Current MRE: 14.5Mt @ 1.09% CuEq

Resource expansion drilling targeting the high-grade “GAP” zone

Southern Porphyry Target returned 28m @ 1.15% CuEq to end-of-hole, confirming mineralisation remains open

📊 Market Snapshot (ASX: CAE) 💰 Share Price: $0.049 🧢 Market Cap: $62.61M

📈 Investor Outlook

With an upgraded exploration team and active drilling across both the breccia resource and deeper porphyry targets, Cannindah enters 2026 with multiple catalysts. A potential MRE upgrade and further porphyry confirmation could materially reshape the project scale narrative.

🔗 Read more: https://colitco.com/cannindah-resources-new-exploration-manager-oversubscribed-spp/