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The latest announcement is out from Carnaby Resources Ltd. ( (AU:CNB) ).
Carnaby Resources Ltd. has appointed Michael Breen as General Manager of Project Development. With over 20 years of experience in mining operations and project management, Breen will play a crucial role in advancing the Greater Duchess Copper Gold project, particularly in completing the Pre-Feasibility Study and leading subsequent development activities. This strategic appointment is expected to strengthen the company’s operational capabilities and enhance its project execution, potentially impacting its market position and stakeholder interests positively.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.76 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 mining company focused on the exploration and development of copper and gold projects. The company’s primary asset is the Greater Duchess Copper Gold Project located in Queensland, Australia, which encompasses several Iron Oxide Copper Gold (IOCG) deposits. Carnaby Resources is currently working on a Pre-Feasibility Study for this project, with completion targeted for the first quarter of 2026. The company has also secured binding tolling and offtake agreements with Glencore International AG.
Average Trading Volume: 970,577
Technical Sentiment Signal: Hold
Current Market Cap: A$117.4M
For detailed information about CNB stock, go to TipRanks’ Stock Analysis page.