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Carnaby Resources Ltd. ( (AU:CNB) ) has issued an update.
Carnaby Resources Ltd. announced promising drill assay results from the Trekelano Project in Mt Isa, Queensland, indicating potential for a larger baseload style copper-gold deposit. The results show a widening mineralization at depth, suggesting significant growth potential for the Trekelano deposit. The company is optimistic about further drilling results and is progressing with pre-feasibility studies at the Greater Duchess Copper Gold Project, aiming for development decisions later this year.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$1.27 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 company operating in the mining industry, focusing primarily on copper and gold exploration and development. The company is involved in the Greater Duchess Copper Gold Project, which includes several significant discoveries such as Mount Hope and Lady Fanny Iron Oxide Copper Gold deposits. Carnaby Resources has a strong management team and a solid financial position, with ongoing pre-feasibility studies aimed at advancing their projects towards development.
Average Trading Volume: 493,642
Technical Sentiment Signal: Sell
Current Market Cap: A$85.65M
For an in-depth examination of CNB stock, go to TipRanks’ Overview page.