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An announcement from Carnaby Resources Ltd. ( (AU:CNB) ) is now available.
Carnaby Resources has reiterated the status of its Ore Reserve and updated 2026 Mineral Resource estimates for the Greater Duchess Copper Gold Project, confirming there is no new information that materially changes previous disclosures. The company also restated the technical parameters and assumptions underpinning its Pre-Feasibility Study and metal equivalent calculations, underscoring confidence in the recoverability and sale potential of copper and gold across its main deposits.
The release is heavily caveated with standard risk, competence and liability disclaimers, highlighting the uncertainties inherent in mine development, commodity prices, regulatory approvals and financing. While primarily procedural, the reaffirmation of resource and reserve estimates, and the consistency of assumptions, provides stakeholders with assurance on the robustness of prior technical work supporting the project’s development trajectory.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.90 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
More about Carnaby Resources Ltd.
Carnaby Resources Ltd. is an Australian mineral exploration and development company focused on copper and gold projects. Its key asset is the Greater Duchess Copper Gold Project in Queensland, which includes deposits such as Trekelano, Mount Hope, Nil Desperandum, Lady Fanny, Mohawk, Duchess and Mount Birnie, evaluated under the JORC Code framework.
Average Trading Volume: 763,923
Technical Sentiment Signal: Sell
Current Market Cap: A$93.88M
For an in-depth examination of CNB stock, go to TipRanks’ Overview page.