Carnavale Resources Secures Funds for Gold Exploration

Carnavale Resources Limited (AU:CAV) has released an update.

Carnavale Resources Limited has successfully secured A$2.2 million in funding through a share placement, exceeding their initial A$2.0 million target. This financial boost will enable the company to continue its exploration and expansion efforts at the Kookynie Gold Project, including follow-up drilling at the Swiftsure deposit and new target areas. The investment underscores strong investor confidence following promising results from the project’s recent studies.

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