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Carnaby Resources Ltd.
(Sydney:CNB)
Carnaby Resources Ltd. (CNB) vs. iShares MSCI Australia ETF (EWA)
Carnaby Resources Ltd. Business Overview & Revenue Model
Carnaby Resources Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.38M |
| Gross Profit | 0.00 | -98.75K | -100.66K | -93.87K | -51.19K | 4.38K |
| EBITDA | -2.93M | -7.29M | -11.98M | -12.13M | -8.16M | 413.19K |
| Net Income | -3.03M | -7.39M | -12.09M | -12.23M | -8.22M | 371.38K |
Balance Sheet | ||||||
| Total Assets | 46.33M | 46.33M | 29.85M | 35.01M | 26.53M | 11.85M |
| Cash, Cash Equivalents and Short-Term Investments | 15.77M | 15.77M | 10.31M | 26.94M | 17.95M | 6.68M |
| Total Debt | 18.70K | 18.70K | 65.60K | 18.71K | 63.84K | 9.10K |
| Total Liabilities | 10.04M | 10.04M | 3.07M | 3.40M | 3.00M | 1.25M |
| Stockholders Equity | 36.29M | 36.29M | 26.78M | 31.61M | 23.53M | 10.60M |
Cash Flow | ||||||
| Free Cash Flow | -2.82M | -11.59M | -16.46M | -11.46M | -9.30M | 613.45K |
| Operating Cash Flow | -2.69M | -7.68M | -12.05M | -11.27M | -8.16M | 677.68K |
| Investing Cash Flow | -7.71M | -7.71M | -3.51M | 990.50K | -370.12K | -39.42K |
| Financing Cash Flow | 17.05M | 17.05M | -172.54K | 19.68M | 19.80M | 4.95M |
Carnaby Resources Ltd. Technical Analysis
Carnaby Resources Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$154.63M | -16.37 | -23.45% | ― | ― | 54.41% | |
47 Neutral | AU$309.79M | -27.74 | -34.16% | ― | -100.00% | -52.08% | |
46 Neutral | AU$112.12M | -51.82 | -16.47% | ― | ― | -19.57% | |
44 Neutral | AU$88.92M | -4.19 | -148.97% | ― | ― | -643.11% | |
42 Neutral | AU$83.72M | ― | ― | ― | ― | ― | |
29 Underperform | AU$110.48M | -14.09 | -9377.41% | ― | ― | -214.29% |
Carnaby Resources Ltd. Corporate Events
Carnaby Resources Ltd. announced significant drilling results from the Greater Duchess Copper Gold Project, including new high-grade copper and gold discoveries at the Trek 1 prospect. Highlights include a shallow lode intersection of 6m @ 12.6% CuEq and an extension to the Main Lode with 25.5m @ 2.0% CuEq, advancing resource depth by 400 meters. These findings position Trek 1 as one of the highest-grade new copper discoveries in Australia and emphasize the strong potential for resource expansion. Further assay results are awaited, with additional drilling planned to commence in January 2026, reflecting ongoing growth opportunities for key stakeholders.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.76 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
Carnaby Resources Ltd. announced the issuance of 1,575,000 unquoted equity securities under an employee incentive scheme. This move is part of the company’s strategy to incentivize and retain talent, potentially enhancing its operational capabilities and competitive positioning in the resource exploration industry.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.76 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
Carnaby Resources Ltd. has appointed Michael Breen as General Manager of Project Development. With over 20 years of experience in mining operations and project management, Breen will play a crucial role in advancing the Greater Duchess Copper Gold project, particularly in completing the Pre-Feasibility Study and leading subsequent development activities. This strategic appointment is expected to strengthen the company’s operational capabilities and enhance its project execution, potentially impacting its market position and stakeholder interests positively.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.76 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
Carnaby Resources Ltd. has announced promising exploration drill results from its Greater Duchess Project in Mt Isa, Queensland. The results from the Trek 1 prospect reveal significant high-grade copper and gold mineralization, extending over 300 meters down dip, with exceptional continuity. The ongoing drilling program continues to show potential for further expansion, with additional results pending. This discovery could significantly impact the company’s operations and strengthen its position in the mining industry.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.76 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
Carnaby Resources Ltd. announced the results of its 2025 Annual General Meeting, where all resolutions were passed with significant majorities. The resolutions included the re-election of a director, approval of an employee incentive plan, and ratification of share agreements, indicating strong shareholder support for the company’s strategic initiatives. This outcome reinforces the company’s stable governance and strategic direction, potentially enhancing its market position and investor confidence.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.76 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
Carnaby Resources Ltd. has released details regarding its exploration results and mineral resources, compiled by competent persons Mr. Robert Watkins and Mr. Paul Payne. The company has calculated metal equivalents for exploration results using specific formulas based on forecast and spot prices for copper and gold, with metal recoveries applied as demonstrated in preliminary metallurgical test work. The company maintains that all elements included in the metal equivalents calculation have a reasonable potential to be recovered and sold.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.76 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
Carnaby Resources Ltd. has announced significant exploration drill results from its Greater Duchess Project in Queensland, highlighting the extension of the Trek 1 prospect. The new drill results demonstrate the continuity of high-grade mineralization, with the Trek 1 extension intersected in multiple high-grade intersections over 300 meters down dip, remaining open in all directions. The company plans to commence a 5,000-meter drilling program to further explore this extension, which could enhance the Mineral Resource Estimate and support ongoing feasibility studies. These developments could potentially strengthen Carnaby’s position in the copper and gold mining sector and have implications for stakeholders involved in the project.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.87 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
Carnaby Resources Ltd. has announced significant progress in its Greater Duchess Copper Gold Project, with high-grade assay results extending mineralization at the Trekelano Prospect. The company completed the acquisition of the Trekelano mining leases and the remaining interest in the Greater Duchess Copper Gold Joint Venture, enhancing its exploration and production potential. The Pre-Feasibility Study for the project is set to be completed in Q1 CY2026, with a focus on integrating the Trekelano deposits. The company also secured a $12.5 million placement from the QIC Critical Minerals and Battery Technology Fund, bolstering its cash position to $19.5 million.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.87 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
Carnaby Resources Limited has announced a change in the director’s interest, specifically concerning Robert Watkins, a director and beneficiary of COSMO HOLDINGS (WA) PTY LTD. The change involves the expiry of 500,000 unlisted options, which were exercisable at $0.45 and expired on October 27, 2025. This adjustment reflects a decrease in the number of options held by Watkins, potentially impacting the company’s stock option structure and stakeholder interests.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.87 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
Carnaby Resources Ltd. announced the cessation of 700,000 securities due to the expiry of options or other convertible securities without exercise or conversion as of October 27, 2025. This cessation of securities may impact the company’s capital structure and could influence investor perceptions and market positioning.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.87 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
Carnaby Resources Limited has issued 37,878,788 fully paid ordinary shares at a price of A$0.33 per share, utilizing its existing capacity under ASX Listing Rules 7.1 and 7.1A. This strategic move was made without disclosure to investors under Part 6D.2 of the Corporations Act, and the company has confirmed compliance with relevant provisions of the Corporations Act, indicating no excluded information is present.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.87 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
Carnaby Resources Ltd. has announced its Annual General Meeting (AGM) for shareholders, scheduled for November 25, 2025, at the Quest Kings Park in West Perth, Western Australia. The company will not be sending physical copies of the Notice of Annual General Meeting unless specifically requested by shareholders, instead providing digital access through their website and email communications. Shareholders are encouraged to vote prior to the meeting through proxy voting, with instructions available online. This meeting is significant for shareholders as it involves voting on resolutions that affect their shareholding.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.87 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
Carnaby Resources Ltd. has announced the application for quotation of 9,852,217 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of previously announced transactions and could potentially enhance the company’s market presence and liquidity, impacting its operations and stakeholder interests positively.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.87 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
Carnaby Resources Ltd. has issued 9,852,217 fully paid ordinary shares to acquire the remaining 17.5% interest in the Greater Duchess Copper Gold Joint Venture from Latitude 66 Limited. This strategic move enhances Carnaby’s stake in the joint venture, potentially strengthening its position in the copper and gold market.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.87 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
Carnaby Resources Ltd. has completed the acquisition of the remaining 17.5% interest in the Greater Duchess Copper Gold Joint Venture from Latitude 66 Limited, granting it full ownership of the project. This strategic move allows Carnaby to fully capitalize on the exploration and production potential of the Greater Duchess tenure, providing the company with the flexibility to expedite permitting applications necessary for developing its copper and gold deposits. The acquisition is part of an ongoing Pre-Feasibility Study aimed at assessing development options, with completion expected in 2025.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.87 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
Carnaby Resources Ltd. has announced a proposed issue of 37,878,788 ordinary fully paid securities, with the issuance date set for October 28, 2025. This move is part of a strategic placement aimed at raising capital, potentially enhancing the company’s financial position and operational capabilities within the mining sector.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.87 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
Carnaby Resources Ltd. has secured a A$12.5 million investment from the QIC Critical Minerals and Battery Technology Fund to advance its Greater Duchess Copper Gold Project in Queensland. The funds will primarily support the completion of a Pre-Feasibility Study by the second half of 2025, followed by a Definitive Feasibility Study in 2026, with a Final Investment Decision targeted for the third quarter of 2026. This investment underscores the project’s potential and its significance to the Mt Isa region, positioning Carnaby well for future development and growth in the critical minerals sector.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.87 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
Carnaby Resources Ltd. has announced that its 2025 Annual General Meeting will be held on November 25, 2025, with director nominations closing on October 14, 2025. This meeting is significant for stakeholders as it will address important company decisions and future directions, potentially impacting its operations and market position.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.87 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.