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The latest update is out from Carnaby Resources Ltd. ( (AU:CNB) ).
Carnaby Resources Ltd. announced the results of its 2025 Annual General Meeting, where all resolutions were passed with significant majorities. The resolutions included the re-election of a director, approval of an employee incentive plan, and ratification of share agreements, indicating strong shareholder support for the company’s strategic initiatives. This outcome reinforces the company’s stable governance and strategic direction, potentially enhancing its market position and investor confidence.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.76 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 copper and gold projects. Their primary asset is the Greater Duchess Copper Gold Project located in Queensland, which includes several Iron Oxide Copper Gold deposits. The company is currently conducting a Pre-Feasibility Study for this project, with completion expected in the first quarter of 2026. They have also signed binding tolling and offtake agreements with Glencore International AG.
Average Trading Volume: 1,000,405
Technical Sentiment Signal: Sell
Current Market Cap: A$98.02M
For a thorough assessment of CNB stock, go to TipRanks’ Stock Analysis page.