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The latest update is out from Carnaby Resources Ltd. ( (AU:CNB) ).
Carnaby Resources Ltd. has secured full ownership of the Greater Duchess Copper Gold Project by acquiring the remaining 17.5% interest from Latitude 66 Limited. This strategic move simplifies the project’s ownership structure, allowing Carnaby to maximize shareholder value and streamline decision-making as it progresses towards development. The acquisition grants Carnaby complete control over the exploration and production potential of the project, facilitating the rapid advancement of necessary permitting applications. The transaction is expected to enhance the company’s operational flexibility and expedite the development of its copper gold 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 the exploration and development of copper and gold projects. The company is involved in the Greater Duchess Copper Gold Project, which encompasses numerous Iron Oxide Copper Gold (IOCG) deposits over a significant area in Queensland. Carnaby is known for its strong management team, robust financial position, and strategic partnerships, including agreements with Glencore International AG.
Average Trading Volume: 344,533
Technical Sentiment Signal: Sell
Current Market Cap: A$89.07M
For a thorough assessment of CNB stock, go to TipRanks’ Stock Analysis page.