Canterbury Resources launched a share purchase plan targeting approximately A$1 million at A$0.03 per share. Proceeds will support further drilling at the John Hill copper-molybdenum deposit within Queensland’s Monto project and provide working capital. John Hill has an inferred mineral resource of 254 million tonnes grading 0.21% copper. In its September-quarter report, Canterbury said it had completed two diamond holes and started a third, with around 700 metres planned across the three holes.