Cannindah Resources Limited announced at a final depth of 1099.4m, Hole 22CAEDD011 is the deepest hole to date at Mt Cannindah. Drilling under a weakly mineralized diorite cap intersected blind sulphidic mineralised breccia and altered diorite, porphyryries, and hornfels blocks, all the way to the bottom of the hole. On 27 June 2022 CAE reported the top of the hole (121m to 416m) that aggregates 295m @ 0.84% Cu, 0.33 g/t Au, 13.2 g/t Ag.

Translating to 295m @ 1.14% CuEq. CAE reports here the middle section of the hole from 481m to 856m. Cannindah Resources Limited ("Cannindah", "CAE") announced the next set of completed assay results from the drilling program currently underway at Mt Cannindah, copper gold silver project south of Gladstone near Monto in central Queensland pertaining to the middle section (481m to 856m) of hole 22CAEDD011.

Hole CAE #11 is the northern most hole that CAE have drilled to date at Mt Cannindah . At a final depth of over 1099.4m, it is also the deepest, drilling east to west down the axis of a major tabular breccia body. The results reported here further expand the depth extent of sulphidic, copper-gold -silver bearing breccia and altered porphyry zones.

CAE hole #11 was collared in unaltered diorite, targeting blind breccia mineralisation. CAE holes in this northern zone (CAE # 9,10,11) have all returned thick intersections of high grade copper-gold silver, reported in recent ASX announcements: CAE hole 9 - see CAE ASX announcement dated 4 - 5/4/2022: 341m of 1.03%CuEq (0.75%Cu, 0.26g/tAu, 14.6g/tAg), and CAE hole 10 -ASX announcement dated 12/5/2022: 271m @1.41% CuEq (0.98 % Cu, 0.44 g/t Au, 20.3 g/t Ag). CAE hole # 11 is collared 40m north of CAE hole # 9, similarly drilling east to west, down the axis of the breccia body at the northern extremity of drilling at Mt Cannindah.

The trace of CAE hole # 11 crosses over the paths of CAE holes # 9,10 and drills towards CAE hole # 3 during its 1km journey into the depths of the Cannindah breccia system. The top section of CAE hole # 11 returned a broad aggregate zone from 121m to 416m of 295m @ 0.84% Cu, 0.33 g/t Au, 13.2 g/t Ag translating to 295m @ 1.14% CuEq. This broader zone includes a higher grade zone from 150m to 367m of 217m @ 1.47 % CuEq, (1.08% CU, 0.41 g/t Au, 17.0 g/t Ag).