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Carnaby Resources Ltd. ( (AU:CNB) ) has issued an update.
Carnaby Resources Ltd. has released a report detailing exploration results and mineral resource estimates, which include calculations of metal equivalents for copper and gold. The company has demonstrated significant potential for resource recovery and sales, based on metallurgical test work. This announcement could impact the company’s operational strategies and market positioning, as it highlights the potential value of the Trekelano deposits.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$1.45 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. operates in the mining industry, focusing on exploration and development of mineral resources. The company is involved in the extraction of copper and gold, with a market focus on leveraging these resources through efficient mining practices.
Average Trading Volume: 345,499
Technical Sentiment Signal: Sell
Current Market Cap: A$81.08M
For detailed information about CNB stock, go to TipRanks’ Stock Analysis page.