CANNINDAH RESOURCES LIMITED — Capital/Financing Update 2023

Sep 28, 2023

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ASX Announcement

DATE: 29 September 2023

Fast Facts

Shares on Issue 568,479,953

Share Purchase Plan Documents Despatched

Cannindah Resources Limited (CAE, the Company) advises that the offer documents for the Share Purchase Plan (SPP) announced on 21 September 2023 have been despatched to eligible shareholders today.

Pursuant to the Plan, eligible CAE shareholders will be entitled to apply for up to A$30,000 worth of additional fully paid ordinary shares at an issue price of $0.10 per Share without incurring brokerage or other transaction costs.

The share purchase plan offer opens today and will close on Tuesday, 10 October 2023.

Authorised for release by the Company Secretary.

Market Cap (@$0.11) $62.53M) (As at 28/9/2023)

Board and Management

Tom Pickett - Executive Chairman

Dr Simon Beams - Non Executive Director

Geoff Missen - Non Executive Director

Michael Hansel - Non Executive Director

Garry Gill - CFO & Co Sec

For further information, please contact:

Tom Pickett Executive Chairman Ph: 61 7 55578791

Company Highlights

• Exceptional exploration management

• Located within existing mining lease

• 100km from Gladstone Port

• Significant copper intercepts at flagship Mt Cannindah project over hundreds of metres

• New Gold discovery within current drill program at Mt Cannindah

• Expansion of current 5.5MT resource is the focus of the current program

• Large Gold portfolio with Piccadilly project 100km west of Townsville with existing mining lease and EPMs with large target areas yet to be drilled

• No debt