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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 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 4.38M |
| Gross Profit | -98.75K | -100.66K | -93.87K | -51.19K | 4.38K |
| EBITDA | -7.29M | -11.98M | -12.13M | -8.16M | 413.19K |
| Net Income | -7.39M | -12.09M | -12.23M | -8.22M | 371.38K |
Balance Sheet | |||||
| Total Assets | 46.33M | 29.85M | 35.01M | 26.53M | 11.85M |
| Cash, Cash Equivalents and Short-Term Investments | 15.77M | 10.31M | 26.94M | 17.95M | 6.68M |
| Total Debt | 18.70K | 65.60K | 18.71K | 63.84K | 9.10K |
| Total Liabilities | 10.04M | 3.07M | 3.40M | 3.00M | 1.25M |
| Stockholders Equity | 36.29M | 26.78M | 31.61M | 23.53M | 10.60M |
Cash Flow | |||||
| Free Cash Flow | -11.59M | -16.46M | -11.46M | -9.30M | 613.45K |
| Operating Cash Flow | -7.68M | -12.05M | -11.27M | -8.16M | 677.68K |
| Investing Cash Flow | -7.71M | -3.51M | 990.50K | -370.12K | -39.42K |
| Financing Cash Flow | 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$361.83M | -17.11 | -34.16% | ― | -100.00% | -52.08% | |
46 Neutral | AU$140.82M | -10.50 | -23.45% | ― | ― | 54.41% | |
46 Neutral | AU$79.01M | -0.63 | -16.47% | ― | ― | -19.57% | |
42 Neutral | AU$73.15M | -4.37 | -148.97% | ― | ― | -643.11% | |
42 Neutral | AU$83.72M | ― | ― | ― | ― | ― | |
29 Underperform | AU$81.97M | -10.00 | -9377.41% | ― | ― | -214.29% |
Carnaby Resources Ltd. Corporate Events
Carnaby Resources reported a 10% increase in the Mineral Resource Estimate at its Greater Duchess Copper Gold Project to 29.2Mt at 1.5% CuEq for 440,500 tonnes of contained copper equivalent, with Indicated resources rising 49% and now comprising 65% of total CuEq tonnes, mostly as sulphide ore amenable to conventional flotation. The quarter also saw high-grade drilling success at the Trekelano prospect, completion of the acquisition of the remaining 17.5% interest in the Greater Duchess joint venture to move to 100% ownership, and a A$12.5 million equity placement to QIC’s Critical Minerals and Battery Technology Fund, leaving Carnaby with A$16 million in cash as it restarts drilling at the Trek 1 extension and progresses its Pre-Feasibility Study, enhancing its project scale, confidence and funding base ahead of key development decisions.
The most recent analyst rating on (AU:CNB) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
Carnaby Resources has delivered an updated JORC 2012 Mineral Resource Estimate for its Greater Duchess Copper Gold Project, lifting total resources to 29.2Mt at 1.5% copper equivalent for 440,500 tonnes of contained copper equivalent. The update includes a 49% increase in Indicated Mineral Resources, a 10% rise in overall resources, a maiden resource at the Mohawk discovery, and higher-confidence inventories at the key Trekelano and Mount Hope prospects, with most resources classified as fresh sulphide ore suitable for conventional flotation. The company reports that its pre-feasibility study on Greater Duchess is close to completion, feasibility work has already started based on third-party processing, and it is targeting a final investment decision in the second quarter of 2026 and first ore production in the second half of 2026, positioning Carnaby to leverage strong copper and gold prices while further upside remains from the high‑grade Trek 1 extension, which is yet to be incorporated into the resource base.
The most recent analyst rating on (AU:CNB) stock is a Hold with a A$0.54 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 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.