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An update from Carnaby Resources Ltd. ( (AU:CNB) ) is now available.
Carnaby Resources Ltd. has announced significant progress in its Greater Duchess Copper Gold Project, with high-grade assay results extending mineralization at the Trekelano Prospect. The company completed the acquisition of the Trekelano mining leases and the remaining interest in the Greater Duchess Copper Gold Joint Venture, enhancing its exploration and production potential. The Pre-Feasibility Study for the project is set to be completed in Q1 CY2026, with a focus on integrating the Trekelano deposits. The company also secured a $12.5 million placement from the QIC Critical Minerals and Battery Technology Fund, bolstering its cash position to $19.5 million.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.87 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. operates in the mining industry, focusing on the exploration and development of copper and gold deposits. The company is involved in projects such as the Greater Duchess Copper Gold Project in Queensland, which includes several Iron Oxide Copper Gold (IOCG) deposits. Carnaby Resources is also engaged in gold projects near De Grey’s Hemi gold discovery.
Average Trading Volume: 941,768
Technical Sentiment Signal: Hold
Current Market Cap: A$120.1M
See more data about CNB stock on TipRanks’ Stock Analysis page.