An announcement from Carnaby Resources Ltd. ( (AU:CNB) ) is now available.
Carnaby Resources Ltd. has commenced a maiden drilling program at the Trekelano Copper Gold Project in Mt Isa, Queensland. This 3,400-meter drilling initiative, the first since 2012, aims to contribute to the Greater Duchess Pre-Feasibility Study by enhancing mineral resource estimates and providing critical metallurgical and geotechnical data. The company anticipates significant exploration and mine life expansion potential from this project, which is part of a broader strategy to strengthen its position in the copper and gold mining sector.
More about Carnaby Resources Ltd.
Carnaby Resources Ltd. is a mining company focused on the exploration and development of copper and gold projects. The company has a strong management team and a solid financial position, with key projects including the Greater Duchess Copper Gold Project in Queensland, Australia. This project encompasses several significant iron oxide copper gold (IOCG) deposits, and the company is actively working on a Pre-Feasibility Study. Carnaby has also secured binding tolling and offtake agreements with Glencore International AG.
YTD Price Performance: -20.59%
Average Trading Volume: 406,966
Technical Sentiment Signal: Buy
Current Market Cap: A$61.66M
Learn more about CNB stock on TipRanks’ Stock Analysis page.