Carnavale Resources Limited (AU:CAV) has released an update.
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Carnavale Resources Ltd is advancing the Kookynie Gold Project with the submission of a Mining License Application for the Swiftsure deposit in Western Australia, showcasing promising estimates with 85koz of gold and a pre-tax NPV of A$91m. The high-grade gold deposit remains open for expansion, and the company is optimistic about its commercial viability, with a payback period estimated at 14 months from the start of operations.
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