Carnaby Resources Unveils Promising Drill Results at Trekelano Project

Carnaby Resources Ltd. ( (AU:CNB) ) has shared an update.

Carnaby Resources Ltd. announced significant drill results from the Trekelano Project, confirming high-grade copper-gold mineralization beneath the historical Inheritance open pit. The results indicate substantial exploration potential, with drilling ongoing to expand the mineral resource and support a pre-feasibility study. These findings position Trekelano as a key component of the Greater Duchess project, potentially enhancing the company’s mining operations in the Mount Isa region.

The most recent analyst rating on (AU:CNB) stock is a Buy with a A$1.44 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 is engaged in the Greater Duchess Copper Gold Project in Queensland, which includes several significant discoveries such as Mount Hope, Nil Desperandum, and Lady Fanny. Carnaby has a strong cash position and a tight capital structure, with ongoing feasibility studies and agreements with Glencore International AG.

Average Trading Volume: 400,399

Technical Sentiment Signal: Sell

Current Market Cap: A$67.37M

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