Carnaby Resources Ltd. (AU:CNB) has released an update.
Carnaby Resources Ltd. has reported promising exploration updates and financial health for the June 2024 quarter, including discoveries at the Greater Duchess Copper Gold Project and strong drill results. The company’s strategic corporate moves, such as the acquisition agreement with Hammer Metals, and a positive scoping study indicating a high post-tax NPV and IRR, have positioned it well for future developments. With a robust cash position of $10.8M, Carnaby is set to expand its mineral resources and commence pre-feasibility studies in the latter half of the year.
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