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Carnaby Resources Ltd. ( (AU:CNB) ) has issued an update.
Carnaby Resources Ltd. has announced promising exploration drill results from its Greater Duchess Project in Mt Isa, Queensland. The results from the Trek 1 prospect reveal significant high-grade copper and gold mineralization, extending over 300 meters down dip, with exceptional continuity. The ongoing drilling program continues to show potential for further expansion, with additional results pending. This discovery could significantly impact the company’s operations and strengthen its position in the mining industry.
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 an exploration and development company focused on the mining industry, particularly in copper and gold. The company operates the Greater Duchess Copper Gold Project in Queensland, which includes several Iron Oxide Copper Gold (IOCG) deposits. Carnaby Resources is currently conducting a Pre-Feasibility Study for this project and has signed binding tolling and offtake agreements with Glencore International AG.
Average Trading Volume: 965,686
Technical Sentiment Signal: Sell
Current Market Cap: A$103.5M
For an in-depth examination of CNB stock, go to TipRanks’ Overview page.