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The latest update is out from Carnavale Resources Limited ( (AU:CAV) ).
Carnavale Resources has reported further high-grade gold intercepts from recent reverse circulation and diamond drilling at its Kookynie Gold Project, confirming strong continuity of near-surface mineralisation at the Swiftsure and Tiptoe deposits. The latest results underpin an ongoing Bankable Feasibility Study, which remains on schedule for completion in early Q3 2026 and is expected to define open pit reserves and support potential underground extensions.
The company has completed extensive infill drilling on a 10m by 10m pattern, along with geotechnical, hydrological and metallurgical work programs, to upgrade resources from Indicated to Measured and significantly de-risk mine planning. With resource estimation and mine design progressing, Carnavale is positioning Kookynie as a shovel-ready, high-grade open pit development that could benefit from existing regional processing infrastructure and deliver added value to stakeholders through increased confidence in future production profiles.
More about Carnavale Resources Limited
Carnavale Resources is an Australian gold exploration and development company focused on advancing its high-grade Kookynie Gold Project in Western Australia. The project lies within trucking distance of multiple existing processing facilities near Leonora and Kalgoorlie, positioning the company to potentially leverage toll treatment options and fast-track production if development proceeds.
YTD Price Performance: 19.57%
Average Trading Volume: 624,048
Technical Sentiment Signal: Sell
Current Market Cap: A$44.89M
Find detailed analytics on CAV stock on TipRanks’ Stock Analysis page.