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Carnaby Resources Limited (ASX:CNB)

ALERT: Price-sensitive ASX Announcement for CNB
Current share price for CNB : $0.500 0.03 (6.38%)+
Announcement
Release
12 Feb 2026 9:20AM
Price at Release
$0.470
Full Release
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Summary
Carnaby Resources Limited announced significant shallow high-grade drill results from the Trek 1 prospect within their Greater Duchess Copper Gold Project located in Mt Isa, Queensland. Notable results included impressive copper equivalent grades such as 7m at 8.9% CuEq from 35m depth, among others. These results highlight the potential for open-pit mining at Trek 1, a prospect with a rich history of narrow underground mining between 1911 and 1945. The company is progressing with a pre-feasibility study to explore the development potential of Trek 1, with further drilling and metallurgical assessments ongoing.
Key Points
  • Shallow high-grade drill results bolster development potential at Trek 1.
  • Key result includes 7m at 8.9% CuEq from 35m.
  • Historical underground mining at Trek 1 from 1911-1945.
  • Carnaby is conducting a pre-feasibility study for open-pit mining.
  • Further drilling and assessments are underway.
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.