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Carnaby Resources Ltd. ( (AU:CNB) ) has shared an update.
Carnaby Resources Limited has announced updated assay results from its Greater Duchess Copper Gold Project in Mt Isa, Queensland, which reveal promising copper and gold deposits across various sites within the project. Managing Director Rob Watkins highlighted the potential for significant future mineral resource growth through continued exploration and drilling, underscoring the project’s advancement as part of the ongoing Pre-Feasibility Study. These developments are crucial for Carnaby’s strategic positioning and are expected to enhance its resource base, potentially benefiting stakeholders through increased resource estimates and project value.
More about Carnaby Resources Ltd.
Carnaby Resources Limited is a company focused on exploration and development within the copper and gold mining industry. With a strong cash position and a management team with proven credentials, the company is developing the Greater Duchess Copper Gold Project, which spans 1,946 square kilometers and includes several significant iron oxide copper gold deposits. Carnaby Resources has signed binding tolling and offtake agreements with Glencore and is conducting a Pre-Feasibility Study, expected to be completed in the third quarter of 2025.
YTD Price Performance: 17.65%
Average Trading Volume: 292,332
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$91.36M
See more data about CNB stock on TipRanks’ Stock Analysis page.
