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An update from Carnavale Resources Limited ( (AU:CAV) ) is now available.
Carnavale Resources Limited has announced a significant update to its Mineral Resource Estimate (MRE) for the Kookynie Gold Project, showing a 38% increase in total resources and a 46% increase in indicated resources. The updated MRE, which includes the new Tiptoe Lode, positions the project for a new Scoping Study that will incorporate these resource gains and the current favorable gold price, enhancing the project’s economic prospects and potential shareholder value.
More about Carnavale Resources Limited
Carnavale Resources Limited operates in the mining industry, focusing on gold exploration and development. The company is actively involved in the Kookynie Gold Project in Western Australia, which is strategically located near several operational gold processing plants.
Current Market Cap: A$14.32M
For detailed information about CAV stock, go to TipRanks’ Stock Analysis page.