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Carnaby Resources Ltd. Releases Update on Mineral Resource Estimates

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Carnaby Resources Ltd. Releases Update on Mineral Resource Estimates

An announcement from Carnaby Resources Ltd. ( (AU:CNB) ) is now available.

Carnaby Resources Ltd. has released information regarding its mineral resource estimates and exploration results, which are based on data compiled by competent persons with relevant experience in the field. The company has calculated metal equivalents using spot prices from September 2023 and has applied metal recoveries based on preliminary metallurgical test work. This announcement provides insights into the company’s ongoing exploration activities and its potential to recover and sell valuable minerals, which could impact its market positioning and stakeholder interests.

More about Carnaby Resources Ltd.

YTD Price Performance: -17.65%

Average Trading Volume: 223,902

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$63.95M

Learn more about CNB stock on TipRanks’ Stock Analysis page.

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