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Carnaby Resources Ltd. ( (AU:CNB) ) has issued an update.
Carnaby Resources Ltd. has released a document detailing exploration results and mineral resource estimates, compiled by competent persons with relevant experience in the mining industry. The company has calculated metal equivalents for copper and gold based on September 2023 spot prices, with metal recoveries demonstrated in preliminary metallurgical test work. This announcement provides insights into the company’s resource potential and market positioning, highlighting the reasonable potential for recovery and sale of the elements involved.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$1.44 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.
Average Trading Volume: 408,979
Technical Sentiment Signal: Sell
Current Market Cap: A$70.8M
For an in-depth examination of CNB stock, go to TipRanks’ Stock Analysis page.