Carnaby Resources Ltd. (AU:CNB) has released an update.
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Carnaby Resources Ltd. has recommenced drilling at the Greater Duchess Copper Gold Project in Queensland after a heavy wet season, with two rigs operating and a Scoping Study due in May 2024. The latest drill results from the Lady Fanny Extension show promising mineral continuity, with assays revealing up to 2.7% copper and 0.4g/t gold. The company’s strong cash position and government support underscore the project’s potential as a significant new development for critical minerals.
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