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Carnavale Resources Limited (ASX:CAV)

ALERT: Price-sensitive ASX Announcement for CAV
Current share price for CAV : $0.088 0.01 (12.82%)+
Announcement
Release
3 Aug 2026 9:18AM
Price at Release
$0.078
Full Release
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Summary
Carnavale Resources Limited has announced the results of detailed metallurgical studies for the Kookynie Gold Project (KGP), confirming outstanding gold recoveries. The definitive feasibility study highlights excellent gold recoveries of 98% to 99% at a 106-micron grind size across all mineralogical domains: oxide, transitional, and fresh. The project benefits from low cyanide consumption and standard processing characteristics, which facilitate treatment in conventional Carbon-In-Leach (CIL) plants. The comprehensive testwork, including comminution and cyanidation leach tests, indicates successful processing capabilities without issues related to preg-robbing, refractory mineralisation, or deleterious elements. The Kookynie Gold Project, located in Western Australia, is set for high-value outcomes with potential for toll treatment agreements.
Key Points
  • Outstanding gold recoveries of 98% to 99% confirmed.
  • Low cyanide consumption observed in testwork.
  • Kookynie Gold Project located 60km south of Leonora, Western Australia.
  • Project comprises high-grade resource for open pit and underground development.
  • Detailed metallurgical testwork conducted by IMO Metallurgy Pty ltd in Perth.
  • Testwork included comminution and cyanidation leach tests.
  • Ore samples showed no issues with preg-robbing, refractory mineralisation, or deleterious elements.
  • Potential for toll treatment agreements due to favorable processing characteristics.
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.