Cannindah Resources Ltd has announced promising developments at its Mt Cannindah Copper-Gold Project in central Queensland. Recent evaluations of historical drill data combined with new surface mapping and sampling have revealed potential mineralised extensions to the established breccia deposit. The analysis has highlighted two key targets—the Northern Breccia Extension, which stretches over a strike length of approximately 200 meters, and the Southern Breccia Extension, identified over a length of up to 300 meters. The work has also detected structural and lithological features that could control higher-grade copper mineralisation, which will guide the company’s upcoming drill program. The company’s revised geological model now confirms that the breccia hosting the mineral resource is structurally controlled, with higher-grade copper zones emerging from fault changes and lithological contacts between diorite and hornfels sediments. This latest review, building upon data from the 2025 diamond drill program and historical work, adds further credibility to the previously reported Mineral Resource Estimate. The updated MRE shows a robust overall resource with measured, indicated, and inferred categories contributing to approximately 14.5 million tonnes at an average copper equivalent grade of 1.09%, underpinning the potential for significant resource expansion. The forthcoming drilling initiative aims to test these newly identified targets along with previously disclosed “pencil” porphyry targets—known for their potential to host high-grade copper and gold mineralisation in elongated, vertical intrusions. This systematic approach to drilling is intended to accelerate progress toward the company’s strategic objective of developing a copper asset in the range of 100 to 200 million tonnes. With a history of mining in the region dating back to the 1880s and a legacy of both small-scale mining and leaching operations, the Mt Cannindah Project offers a blend of historical precedent and modern exploration techniques. Investor sentiment may be mixed. On the bullish side, the identification of new high-grade targets and a refined geological model bolster the potential for significant expansion of the resource base, which could translate into a higher asset valuation as further drilling results are revealed. The planned follow-up drilling and the targeted approach towards both high-grade breccia extensions and porphyry systems add further weight to the company’s development strategy. However, on the bearish side, uncertainties remain regarding the outcomes of the upcoming drilling, and past drilling in some extensions has not been fully re-analyzed, leaving some risk about the continuity and consistency of mineralisation. As with any exploration project, the transition from promising targets to production-scale resources will require careful execution and further validation through drilling results.