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An update from Carnaby Resources Ltd. ( (AU:CNB) ) is now available.
Carnaby Resources has reaffirmed its previously reported Ore Reserve estimate and updated 2026 Mineral Resource estimate for the Greater Duchess Copper Gold Project, stating there is no new information that materially changes those figures or the underlying assumptions. The company also confirmed that the technical parameters, Competent Person findings and Pre‑Feasibility Study outcomes for Greater Duchess remain current, including the metal equivalent calculation methodology for copper‑gold resources across its key deposits.
The release emphasises compliance with the JORC Code and clarifies that historical announcements continue to form the basis for all resource, reserve and study disclosures. It also outlines the pricing, recovery and exchange‑rate assumptions underpinning copper‑equivalent grades, underscoring the robustness and consistency of Carnaby’s reporting framework for investors and other stakeholders while reiterating standard risk and disclaimer language common to mining sector disclosures.
The most recent analyst rating on (AU:CNB) stock is a Hold with a A$0.44 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 principal asset is the Greater Duchess Copper Gold Project in Queensland, which includes deposits such as Mount Hope, Trekelano, Nil Desperandum, Lady Fanny, Mohawk, Duchess and Mount Birnie.
Average Trading Volume: 717,951
Technical Sentiment Signal: Buy
Current Market Cap: A$128.4M
See more data about CNB stock on TipRanks’ Stock Analysis page.