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Carnavale Resources Limited (ASX:CAV)

ALERT: Price-sensitive ASX Announcement for CAV
Current share price for CAV : $0.088 -0.027 (-23.48%)+
Announcement
Release
5 May 2026 12:35PM
Price at Release
$0.115
Full Release
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Summary
Carnavale Resources Limited has appointed Humphrey Hale as the Managing Director, effective immediately. Mr. Hale, who joined the company as CEO in July 2020, has a background in exploration and mining management, with previous roles at AngloGold Ashanti and Wolf Minerals Ltd. The company's primary focus is advancing the Kookynie Gold Project, with a bankable Feasibility Study in progress and expected to complete by early Q3 2026. Hale's appointment is part of Carnavale's strategy to expedite the development of its high-grade gold deposits at Swiftsure and Tiptoe in the Kookynie area.
Key Points
  • Carnavale Resources Limited appoints Humphrey Hale as Managing Director effective immediately.
  • Hale has been with Carnavale since July 2020, initially serving as CEO.
  • The company is focusing on fast-tracking the Kookynie Gold Project to production.
  • The bankable Feasibility Study for the Kookynie Gold Project is expected to be finalized in early Q3 2026.
  • Hale has previous experience with AngloGold Ashanti, Wolf Minerals Ltd, and Infinity Lithium.
  • Remuneration for Mr. Hale is set at $280,000 per annum plus statutory superannuation.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.