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The latest update is out from Carnaby Resources Ltd. ( (AU:CNB) ).
Carnaby Resources Ltd. has completed the acquisition of the remaining 17.5% interest in the Greater Duchess Copper Gold Joint Venture from Latitude 66 Limited, granting it full ownership of the project. This strategic move allows Carnaby to fully capitalize on the exploration and production potential of the Greater Duchess tenure, providing the company with the flexibility to expedite permitting applications necessary for developing its copper and gold deposits. The acquisition is part of an ongoing Pre-Feasibility Study aimed at assessing development options, with completion expected in 2025.
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. is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary products include copper and gold, with significant operations centered around the Greater Duchess Copper Gold Project in Queensland, Australia. The company boasts a strong management team, a tight capital structure, and a solid cash position. It is engaged in several projects, including the Greater Duchess Copper Gold Project, which features numerous Iron Oxide Copper Gold (IOCG) deposits.
Average Trading Volume: 825,848
Technical Sentiment Signal: Buy
Current Market Cap: A$100.5M
Learn more about CNB stock on TipRanks’ Stock Analysis page.