Cannon Resources Limited
CNR.AX
Australian Securities Exchange0.45
AUD
- -
- -
Return %
Stock
S&P500
1Y
12.66
26.53
3Y
-93.93
76.60
5Y
-92.08
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Christopher J. Hunt FCPA
- Full Time Employees
- 3
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 87 Colin Street West Perth WA Australia 6005
- IPO Date
- Aug 12, 2021
- Website
- cannonres.com.au
- Similar Companies
- Business
- Cannon Resources Limited is a Western Australia-based mineral exploration and development company primarily engaged in advancing its flagship Fisher East Nickel Project, which comprises eleven granted exploration licenses totaling 330.6 square kilometers in the North-Eastern Goldfields region of Western Australia. The company’s core products are high-grade nickel sulphide concentrates derived from its key nickel sulphide deposits at Fisher East, including the Musket, Camelwood, Cannonball, and Sabre deposits. In addition to nickel, the company’s mineral resources include associated precious metals such as palladium and platinum group elements (PGEs), with ongoing metallurgical testing and environmental baseline studies supporting its project development. Cannon Resources focuses on supplying high-quality, IRA-compliant nickel to the electric vehicle (EV) battery supply chain, targeting strategic partnerships with offtake and financing partners, including major automotive original equipment manufacturers (OEMs). The company's exploration and development activities emphasize building a resilient nickel supply chain anchored in Tier-1 jurisdictions, aligned with the global clean energy transition. Cannon operates as a subsidiary backed by Kinterra Capital Corp., a private equity firm specializing in critical minerals development. Recent major company changes include a significant resource expansion announced in mid-2025, with the Fisher East Project's JORC-compliant Mineral Resource Estimate increasing to approximately 18 million tonnes at an average nickel grade of 1.9%, marking a 250% increase in contained nickel compared to previous estimates. This expansion includes a newly discovered high-grade mineralization zone at depth below the Musket deposit, with drilling confirming strong continuity and enhanced grades. The company has commenced technical and permitting advancements and initiated discussions with potential strategic offtake and financing partners to progress the project towards development and production. Founded in 2016 and headquartered in Perth, Western Australia, Cannon Resources operates exclusively within the mineral exploration industry in Australia. The company retains a focused portfolio on nickel sulphide assets designed to capitalize on the accelerating demand for clean energy commodities. This comprehensive profile highlights Cannon's strategic focus on nickel exploration and development, recent resource growth, and progression towards becoming a key supplier in the global EV battery metals supply chain. The company continues to prioritize technical milestones, permitting, and strategic partnerships as it advances its flagship Fisher East Nickel Project towards commercial viability.