Cannindah Resources Limited has announced encouraging exploration results from its Mt Cannindah project in central Queensland. The company’s recent surface rock chip sampling outside its current Mineral Resource Area has confirmed the existence of two previously untapped porphyry-style centers with potential for copper, molybdenum, and gold mineralisation. Notable chip results include assays of up to 12.28% copper, 9.94 grams per tonne gold, and 1.24% molybdenum, along with elevated levels of pathfinder elements such as tellurium, bismuth, tin, and tungsten. Data from the sampling program, supplemented by a review of historical drill holes and modern IP, geochemical, and magnetic data, has helped identify two priority targets: an Eastern Target and a Southern Target. The Eastern Target is defined by a significant induced polarization anomaly along the regional Kalpowar Fault, with scattered skarn outcrops and geochemical anomalies supporting its potential. Meanwhile, the Southern Target, which covers an area of approximately 1000 by 500 meters, is characterised by coincident soil and rock chip anomalies that hint at the presence of a discrete porphyry centre. Both targets are now earmarked for follow-up drill testing aimed at exploring deeper into what appears to be an untested economic window, similar to other pencil porphyry deposits known for high-grade copper and gold. These exploration activities suggest that the broader Cannindah Mineral System may hold considerable value. The company’s approach combines modern data science with traditional geochemical and geophysical techniques, supporting the strategic goal of developing a copper asset potentially ranging between 100 and 200 million tonnes. Historical drilling in the area, along with the upgraded Mineral Resource Estimate released recently, underpin the technical rationale behind further exploration of these untapped zones. Bullish sentiment arises from the multiple lines of evidence—strong geochemical signatures, coincident IP and magnetic anomalies, and historical drill intersections—that support the presence of high-grade, pencil-style porphyry targets. This integrated exploration strategy could significantly extend the resource base of Mt Cannindah and potentially unlock value in a region that has not yet benefitted from modern exploration techniques. Bearish sentiment, however, is warranted by the inherent risks associated with early-stage exploration. Surface rock chip sampling, by its nature, does not provide a true representation of average deposit grades and the potential economic viability remains untested. Additionally, the depth and continuity of mineralisation are still uncertain until further deep drilling confirms these promising surface results.