Carnavale Resources Limited (AU:CAV) has released an update.
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Carnavale Resources Limited has commenced an extensive drilling program at the Swiftsure deposit within the Kookynie Gold Project in Western Australia, aiming to explore high-grade gold zones. The program, which includes both reverse circulation and diamond drilling, seeks to expand the resource base by exploring new prospects such as Valiant and Tiptoe. A recent Scoping Study highlighted the project’s strong financial prospects, with a pre-tax NPV of approximately A$91 million and an IRR of 192%.
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