Carnaby Resources Unveils Promising VTEM Survey Results at Greater Duchess Project

An announcement from Carnaby Resources Ltd. ( (AU:CNB) ) is now available.

Carnaby Resources Ltd. has announced preliminary results from a VTEM survey at its Greater Duchess Copper Gold Project in Queensland. The survey identified several new undrilled bedrock conductors at the Droughtmaster, Speckle Park, and Charolais Prospects, indicating potential new sites for mineral exploration. This survey, funded by the Queensland government, highlights the effectiveness of VTEM in identifying mineralization in the region. The company plans to conduct further exploration, including geochemistry and drilling, to validate these findings, potentially enhancing its project portfolio and industry positioning.

The most recent analyst rating on (AU:CNB) stock is a Buy with a A$1.53 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 on the exploration and development of copper and gold deposits. The company is engaged in the Greater Duchess Copper Gold Project in Queensland, which includes numerous Iron Oxide Copper Gold (IOCG) deposits. Carnaby has a strong cash position and a tight capital structure, with ongoing projects and agreements, including a Pre-Feasibility Study and binding agreements with Glencore International AG.

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Technical Sentiment Signal: Sell

Current Market Cap: A$74.23M

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