Hi all, good to see some activity on this thread. I just did a google search on Mount Cannindah - this is one of the things I found.
Mount Cannindah, located approximately 100km southeast of Gladstone, boasts defined shallow resources of some 6.5 million tonnes of low grade copper and gold mineralisation. Funds raised are earmarked to advance Mount Cannindah to bankable status within 24 months of listing. A drilling programme to convert resources to reserves and support an open cut mine will commence soon after listing. The company has completed conceptual development plans, metallurgical test-work, mine and processing plant designs and considers that Mt Cannindah has the potential to become a 1.0 – 1.5 mtpa operation. The company also holds title to a number of highly promising targets within the same tenement including the United Allies and Monument-Lifesavers deposits, located within 1.8km of Mount Cannindah ________________________________________
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