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Carnaby Resources Ltd. ( (AU:CNB) ) has shared an announcement.
Carnaby Resources Ltd. has announced the commencement of a maiden 3,400-meter drilling program at the Trekelano deposits within its Greater Duchess Copper Gold Project in February 2025. The program aims to expedite the integration of Trekelano into the project’s Pre-Feasibility Study (PFS), anticipated to complete by Q3 2025. The initiative highlights the project’s significant exploration potential, with historical drilling revealing high-grade copper and gold intersections. The completion of the Trekelano acquisition will be a crucial component of the PFS, enhancing the company’s strategic positioning in the market.
More about Carnaby Resources Ltd.
Carnaby Resources Ltd. is a mining company focused on the exploration and development of copper and gold projects. The company operates the Greater Duchess Copper Gold Project in Queensland, which includes several Iron Oxide Copper Gold (IOCG) deposits over a 1,946 km2 area. Carnaby Resources is known for its strong management team and a robust capital structure.
YTD Price Performance: 8.70%
Average Trading Volume: 315,818
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$80.6M
For a thorough assessment of CNB stock, go to TipRanks’ Stock Analysis page.
