Cannon Resources
At Kinterra, we believe in global citizenship and creating more equitable access to opportunities for future generations of leaders, thinkers, and innovators across the globe.
Kinterra’s acquisition of Cannon Resources Pty Ltd. added the Fisher East Project to Kinterra’s portfolio. Fisher East is one of Australia’s highest-grade undeveloped nickel sulphide assets.
Investment Highlights
.png)
.svg)
Project Overview
In late 2022, Kinterra’s Fund I acquired Cannon Resources Ltd. (Cannon), a publicly traded ASX-listed company, through a takeover bid. Cannon holds a 100% interest in the Fisher East Project, a high-grade nickel sulphide development stage asset, and the Collurabbie Project, an early-stage asset with nickel, copper, cobalt, gold and PGE mineralization. Fisher East, widely regarded as one of Australia’s most actionable and high grade undeveloped nickel sulphide assets, is the core asset within the Cannon portfolio. The Fisher East Project contains the Musket, Camelwood, Cannonball and Sabre nickel sulphide deposits with a combined JORC Mineral Resource of 18 Mt at 1.9% Ni reported at 0.9% Ni cut-off (Indicated Mineral Resource: 9.2Mt grading 1.9% Ni,
Inferred Mineral Resource: 8.8 Mt grading 1.9% Ni) comprising massive and disseminated nickel sulphide mineralizsation, and containing 338,500 tonnes of nickel. Since Kinterra’s acquisition, Cannon expanded Fisher East’s resource base by delivering a 250% increase in tonnage and a substantial uplift in contained nickel. The Collurabbie Project contains a JORC Inferred Mineral Resource of 573,000t grading 1.63% Ni, 1.19% Cu, 0.082% Co, 1.49g/t Pd, 0.85g/t Pt at Olympia. Fisher East is advancing baseline studies, trade-off analyses, and active stakeholder engagement to support permitting, and are advanced in the process of securing mining leases to provide a clear pathway for development. Fisher East enjoys strong stakeholder support, including land access agreements with Native Title Holders.
Strategic Holdings
Our strategic holdings represent critical material projects and associated infrastructure that are essential to the modern economy. We invest in assets with scale, resilience, and clear development pathways, working alongside strong local partners to unlock long-term value.
Nion Nickel's Dumont Nickel Project is one of the world’s largest undeveloped nickel sulphide deposits, fully permitted and feasibility-stage, with the potential to integrate into a sustainable critical mineral supply chain in North America.
New World Resources' Antler Project is a high-grade, development-stage underground copper project with strong economics, a clear permitting pathway, and significant potential to become a leading U.S. copper supplier.
NiVolt Technologies Inc. is a proprietary company of Kinterra, focused on advancing next-generation critical minerals processing solutions for the clean energy economy. By developing a scalable platform for producing high-purity nickel and cobalt products, NiVolt is positioned to play a critical role in strengthening the battery materials supply chain for electric vehicles and energy storage.
In 2023, Kinterra’s Fund I secured a majority stake in White Pine Copper LLC, positioning the firm at the forefront of one of the largest undeveloped copper projects in the United States. Building on a legacy of historic production, the White Pine North Project combines scale, existing infrastructure, and strong community roots to advance a new chapter in Michigan’s Upper Peninsula mining history.
Kinterra’s Fund I strengthened its U.S. copper portfolio in late 2024 with the acquisition of the Southwest Open Pit Project, one of the nation’s most advanced, fully permitted undeveloped copper assets. Positioned for long-term growth and strategic importance, the project combines scale, strong economics, and a clear path toward construction.
The Pumpkin Hollow underground copper mine in Nevada is a permitted, restart-stage asset with 2 billion pounds of copper resources, established infrastructure, and strong community support, and is positioned to deliver long-life, reliable North American production.