Carnaby Resources Ltd. (AU:CNB) has released an update.
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Carnaby Resources Ltd. is gaining significant government interest with a recent visit from Queensland officials to its Greater Duchess Copper Gold Project, signalling strong endorsement for its potential. The company, which boasts a proven management team and solid financials, including a $16.6M cash reserve, is progressing towards the project’s development amidst favorable copper and gold market conditions. Following the government visit, Carnaby is set to complete its Scoping Study for the project by May 2024, underpinning its strategic position in the critical minerals sector.
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