Cannindah Resources Limited · ASX:CAE
Cannindah Resources — RIU Explorers Conference (February 2026)
18 slides from Cannindah Resources's conference presentation, Feb 17, 2026
Slide 1: The best exploration stage copper project in Australia outside of the majors
For personal use only ASX : CAE “the best exploration stage copper project in Australia outside of the majors” 1 17 February 2026
Slide 2: Statements and Disclaimer
Statements and Disclaimer This presentation includes certain forward looking statements, estimates and projections with respect to the future performance of Cannindah Resources Limited. Such statements, estimates and projections reflect various assumptions concerning anticipated results, which assum
Slide 3: Snapshot
Snapshot Our belief is that ASX:CAE has “the best exploration stage copper project in Australia outside of the majors.” For personal use only Underlying valuation supported by the Base Case Breccia Cu Au Ag resource with recently identified high grade upside including recent 2025 drill results • 52m
Slide 4: An investment in Cannindah is an investment in ……
An investment in Cannindah is an investment in …… Base Case (Cannindah Breccia) ➢ Resource (MRE)4 of 14.5Mt @ 1.09% CuEq (Cu Au Ag) For personal use only 105,000t Cu 197,000oz’s Au 6.2Moz’s Ag ➢ Low discovery cost, no flaws identified ➢ High grade target upside potential identified (see ASX:CAE 10 F
Slide 5: Corporate Snapshot February 2026
Corporate Snapshot 16 February 2026 Metric Share Price Performance For personal use only Shares on Issue 1,278m Share Price (as of 9 February 2026) $0.050 Market Capitalisation $63.89m Top 20 shareholders 53.22% Cash - current $11.5M Board and Management Role Non Executive Tony Rovira Chairman Manag
Slide 6: Base Case – Cannindah Breccia
Base Case – Cannindah Breccia • 14.5Mt @ 1.09% CuEq (0.72% Cu, 0.42 gt Au, 13.7gt Ag) For personal use only • Only 1.7Mt or 12% is inferred – high confidence • Contained Metal – 105Kt Cu, 197K oz’s Au, 6.2M oz’s Ag • Metallurgy indicates good recoveries, production of saleable product, further upsid
Slide 7: Growth Upside - Breccia
Growth Upside - Breccia • The “GAP” zone represents nearly 50% of the total breccia strike For personal use only length. • CAE intersections (2021-2025) demonstrate high grade developed but lack of data support results in lower interpolated grade. • GAP zone represents only ~25% contained metal inve
Slide 8: Transformational Southern Target
Transformational Southern Target ➢ Size of the targets is equivalent to many global porphyry Cu Mo Au Base Case 14.5Mt @ 1.09% Cu signatures For personal use only High grade target ➢ Targets defined by a coincidence of extensions identified 1. Soil sampling results 2. Rock chip results Eastern Targe
Slide 9: Southern Porphyry Target - update
Southern Porphyry Target - update For personal use only ➢ An initial scout 9 RC drill holes completed on a broad spacing ➢ First drill program to test the Southern Porphyry Target ➢ Drill depths of up to 320m – these systems extend to depths of 1800m, significant upside ➢ Results of 4 of 9 holes (se
Slide 10: Southern Target Zone – evidence for high grade
Southern Target Zone – evidence for high grade For personal use only ➢ Hole 25CRC016 delivered high grade in 28m to end of hole ➢ 25CRC016 was drilled on the basis of surface results, IP anomalism, magnetics but most important historic hole RCC03 returned 64m @ 0.3% Cu 200ppm Mo but had individual s
Slide 11: Southern Target Zone – Section AB
Southern Target Zone – Section AB For personal use only ➢ Holes 25CRC012 and 25CRC013 continue to a further support and upgrade porphyry target ➢ 25CRC013 has both increase in grade and significant increase in width (more metal) ➢ 25CRC013 also has evidence for high grade ➢ Clear grade shells can be
Slide 12: Southern Target Zone
Southern Target Zone ➢ For personal use only Results from initial 4 of 9 hole drill program to test the Southern Porphyry Target have significantly upgraded the prospectivity, verified the opportunity and demonstrated enormous upside ➢ Drill depths of up to 320m – these systems extend to depths of 1
Slide 13: Comment on Geology – one for the future upside
Comment on Geology – one for the future upside ➢ Outer limit of Cannindah system defined by well mapped and identified pyrite For personal use only ➢ Truncated by Kalpowar Fault? On previous interpretations but there has always been speculation on the eastern extension ➢ Exploration is limited to Pa
Slide 14: Conclusions – Transformational target significantly upgraded, base case gets better
Conclusions – Transformational target significantly upgraded, base case gets better • Cannindah Breccia resource is a great starter • 100% owned, distinct infrastructure advantages, Cu Mo are critical commodities For personal use only Base Case • Initial drill results confirm upside with 52m @ 1.18%
Slide 15: Thank You
For personal use only THANK YOU ASX: CAE
Slide 16: Appendix Cannindah Breccia Mineral Resource (MRE)
Appendix 1 Cannindah Breccia Mineral Resource (MRE) On 3 July 2024 Cannindah Resources Limited announced a significant upgrade of the Mineral Resource Estimate (MRE) for the Mt Cannindah project (ASX:CAE “Significant update to Mt Cannindah Resource”). This resource was reported on previous 2021 meta
Slide 17: Appendix – Copper Equivalent
Appendix 2 – Copper Equivalent Copper equivalent has been used to report the wide copper-bearing intercepts that carry Au and Ag credits, with copper being mostly dominant. CAE have confidence that existing metallurgical processes would recover copper, gold and silver and molybdenum from Mt Canninda
Slide 18: What are 'Pencil' Porphyries?
What are “Pencil” Porphyries? Pencil Porphyry Footprints Grade shell vectors Exploration for Pencil For personal use only Plan Ridgeway sulphide species Porphyries relies on geology, zonation geochemical vectors, Ridgeway alteration vectors, geophysical anomalism and E26 E48 Drilling. Section They t
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