Cannindah Resources Limited
Cannindah Resources Limited explores and develops the 100%-owned Mt Cannindah Copper-Gold Project in central Queensland, Australia. The company holds a JORC-compliant resource, updated on 29 September 2026, of 23.2 million tonnes at 0.93% CuEq (0.53% Cu, 0.37 g/t Au and 10.8 g/t Ag; 85% in the Measured and Indicated categories) at the Cannindah Breccia deposit, and is testing the broader Southern Porphyry Target with reconnaissance and diamond drilling -- 2025 RC scout holes returned intervals including 148m at 0.27% CuEq from 112m and 172m at 0.18% CuEq from 118m. The company reported roughly A$17M cash on hand as of mid-2026 to fund ongoing exploration.
Notable vs. Peers
- Financials score of 8/10 is stronger than the peer average of 5.5/10.
- Trading within 3% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Jurisdiction (40%)9/10
Queensland: Fraser PPI 2025 is 82.72 of 100 (rank 18 of 68), which maps to 9 on this site's scale. Queensland, Australia -- Tier-1 mining jurisdiction.
Infrastructure (40%)No verified figure
Researched with nothing found: no source we could cite confirms or rules out an existing mill, road access, grid power, or tailings facility at Mt Cannindah Copper-Gold Project, Queensland, Australia (checked Sep 26, 2026; recheck due Mar 25, 2027). Counts at a neutral 5/10 until one does.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Mount Rawdon (Evolution Mining Limited), 83 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:3.9/10
Nearest producing mine: Mount Rawdon (Evolution Mining Limited), 83 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
Australia: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:8/10
Primary commodity: Copper
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Managing Director and Chief Executive Officer of Cannindah Resources Limited, appointed March 2025. Highly experienced geologist with over 35 years in the mining industry, specializing in mineral exploration, resource development and project evaluation, with particular focus on porphyry copper-gold systems in Queensland. Previously held senior exploration roles at Newcrest Mining and Newmont Mining.
Chief Financial Officer of Cannindah Resources Limited, appointed August 2025. Over 18 years' experience in accounting, audit, corporate governance and finance; member of the Institute of Chartered Accountants in Australia and New Zealand.
Company Secretary of Cannindah Resources Limited, appointed August 2025. Accounting and corporate governance professional with over 25 years' experience in accounting, corporate governance, finance and corporate banking; holds multiple graduate diplomas and an MBA.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Recent capital raises describe general institutional and long-term-shareholder support, but no specific named investor was identified. No producer or specialist resource fund was confirmed.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Cannindah Resources owns 100% of the Mt Cannindah copper-gold project in central Queensland, where the Cannindah Breccia deposit carries a JORC resource of 14.5 Mt at 1.09% copper equivalent, 88% of it in the measured and indicated categories. Drilling has extended the Southern Shoot at Cannindah Breccia to more than 150m of strike and more than 200m of vertical depth, still open, with hole 26CRC017 returning 26m at 1.29% copper equivalent from 192m in June 2026, and the company guided an updated resource estimate for the third quarter of 2026. It is also testing the broader Southern Porphyry Target, where 2025 scout holes returned 148m at 0.27% copper equivalent from 112m.