Carnavale’s Kookynie Project Shows High-Grade Promise
Company Announcements

Carnavale’s Kookynie Project Shows High-Grade Promise

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

Carnavale Resources Ltd has announced a promising Maiden Mineral Resource Estimate and a positive Scoping Study for its Kookynie Gold Project, revealing a high-grade, shallow resource with significant upside potential. The initial estimate shows 457kt at 5.8g/t for 85koz Au, and the Scoping Study outlines robust financials with a pre-tax NPV of A$91m and an IRR of 192%, suggesting a competitive cost profile. The project, located within reach of numerous gold processing plants in Western Australia, demonstrates an appealing initial mine life of 32 months with a rapid capital payback period of just 14 months.

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

Related Articles
TipRanks Australian Auto-Generated NewsdeskCarnavale Resources Sells Leonora Asset to Focus on Gold
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