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An update from Carnaby Resources Ltd. ( (AU:CNB) ) is now available.
Carnaby Resources Ltd. announced promising drill results from the Trek 1 Prospect at the Greater Duchess Project, confirming the continuity of high-grade mineralization. The results suggest significant potential for expanding the Mineral Resource Estimate, with plans for further drilling to explore the orebody’s depth and strike. These findings enhance the project’s prospects as a high-grade open pit, potentially impacting the company’s operations and market positioning positively.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.87 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. The company is engaged in the Greater Duchess Copper Gold Project in Mt Isa, Queensland, which includes several Iron Oxide Copper Gold deposits. Carnaby Resources has a strong management team, a tight capital structure, and a solid cash position. They have signed binding tolling and offtake agreements with Glencore International AG and are working on a Pre-Feasibility Study for their project.
Average Trading Volume: 680,010
Technical Sentiment Signal: Sell
Current Market Cap: A$93.64M
Find detailed analytics on CNB stock on TipRanks’ Stock Analysis page.