Cannon Resources Announces Major Resource Expansion at Fisher East Nickel Project

Cannon Resources Expands Fisher East Nickel Project’s Resource Estimate

Cannon Resources Pty Ltd, an Australian nickel exploration company, has announced significant growth at its Fisher East Nickel Project. Based in Western Australia, Cannon revealed a major increase in the project’s Mineral Resource Estimate (MRE). The estimate now stands at 18.0 million tonnes with an average grade of 1.9% nickel. This represents a 250% increase in tonnage and a significant uplift in contained nickel—from 134.1 thousand tonnes to 338.5 thousand tonnes.

The MRE update shows a considerable resource expansion, as well as a notable improvement in grade. Cannon’s focused exploration and technical programs have demonstrated the project’s strong economic potential. Despite fluctuating nickel prices, Fisher East remains resilient. Its high-grade, near-surface mineralization and strategic location in Western Australia position it as one of the most promising undeveloped nickel sulphide assets in the region.

Key High-Grade Discoveries at Depth

In addition to the resource increase, Cannon Resources has made significant discoveries at depth within the Musket deposit at Fisher East. Drilling results from May 2025, specifically drillhole MFED239, intersected four meters of massive and disseminated sulphide mineralization with an estimated 4.0% nickel grade. This result suggests the potential for further mineralization at depth, signaling continued growth for the project.

The company also conducted a Downhole Electromagnetic (DHEM) survey, which identified a strong off-hole conductor. This suggests even more opportunities for exploration success. With these new high-grade results, Cannon expects to continue expanding both the size and grade of the Fisher East resource.

Positive Outlook and Strategic Development Path

Cannon Resources is now shifting its focus to advancing Fisher East toward development. The company has achieved two major resource updates in less than two years and is now preparing for engagement with potential offtake and financing partners. Fisher East’s scalability, jurisdictional advantages, and high-grade mineralization make it an attractive asset in the global nickel market.

The project’s shallow depth, combined with its straightforward deposit geometry, supports a low-capital intensity profile. This makes Fisher East commercially viable and resilient. These factors, along with ongoing technical work, position Fisher East as a leading candidate to meet the increasing global demand for secure and economic nickel supplies.

SuperMetalPrice Commentary:

Cannon Resources’ latest developments at Fisher East signal strong potential for future growth. With rising demand for nickel, especially for electric vehicle (EV) batteries, the project stands to become a vital source of nickel in the coming years. Cannon’s strategic focus on high-grade mineralization and successful exploration techniques put it in a prime position to meet global demand. Fisher East’s low capital intensity, scalability, and favorable location further enhance its appeal as an investment in the nickel market.