Carnavale Resources Sells Leonora Asset to Focus on Gold
Company Announcements

Carnavale Resources Sells Leonora Asset to Focus on Gold

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

Carnavale Resources Limited has sold its non-core Leonora asset to KoBold Tjantjuru Pty Ltd for $405,000, as part of its strategy to focus on its key gold projects in Western Australia. This sale allows Carnavale to intensify its efforts on the Kookynie and Ora Banda South Gold Projects while benefiting from a royalty arrangement with KoBold. The transaction signifies Carnavale’s commitment to enhancing shareholder value by concentrating on its core exploration initiatives.

For further insights into AU:CAV stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskCarnavale Resources Expands Drilling at Kookynie Gold Project
TipRanks Australian Auto-Generated NewsdeskCarnavale Resources Promotes Digital Engagement for AGM
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App