Cannindah Resources Limited ( (AU:CAE) ) has shared an announcement.
Cannindah Resources Limited has appointed Tony Rovira, a seasoned mining executive, as a non-executive director. Rovira, known for his role in the discovery of the Andover Lithium Deposit, brings over 40 years of industry experience. His appointment is accompanied by a personal investment of $250,000 into the company, signaling confidence in the potential of the Mt Cannindah Project. This strategic move is expected to enhance the company’s exploration efforts and potentially increase the resource base, thereby creating substantial value for shareholders. Additionally, other directors have also committed investments, further endorsing the company’s assets and strategic direction.
More about Cannindah Resources Limited
Cannindah Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in copper and gold exploration, with a significant project at Mt Cannindah, which hosts a promising copper-gold resource.
YTD Price Performance: 37.50%
Average Trading Volume: 543,852
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$40.04M
See more data about CAE stock on TipRanks’ Stock Analysis page.