Carnaby Resources Ltd. (AU:CNB) has released an update.
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Carnaby Resources Ltd. has successfully raised approximately A$13.3 million from the first tranche of its A$17 million share placement, primarily aimed at funding the Trekelano acquisition and the Greater Duchess Copper Gold Project. The company’s strategic move includes a definitive agreement with Glencore to handle all fresh sulphide ore and concentrate from the project, highlighting a promising partnership. This development paves the way for a low capex growth strategy, attracting new institutional and sophisticated investors.
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