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Carnaby Resources Limited (ASX:CNB)

ALERT: Price-sensitive ASX Announcement for CNB
Current share price for CNB : $0.560 0.06 (12%)+
Announcement
Release
3 Mar 2026 9:23AM
Price at Release
$0.500
Full Release
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Summary
Carnaby Resources Limited announced significant exploration drill results from the Greater Duchess Project in Mt Isa, Queensland. Notably, at Trek 2, the drill hole CBRC063 revealed a substantial result of 18 meters at 5.0% copper equivalent (CuEq) from a depth of 115 meters, within a broader 35 meters at 2.9% CuEq from 105 meters. This is the biggest drill hit recorded at Trek 2 and is located outside the current Mineral Resource Estimate, indicating potential for expansion. The area is completely open to the north for further drilling, highlighting substantial exploration upside. This development follows ongoing exploration efforts to enhance the pre-feasibility study for the Greater Duchess Copper Gold Project, targeting further growth with additional drilling planned.
Key Points
  • Significant drill result at Trek 2: 18m at 5.0% CuEq from 115m.
  • Largest drill hit to date at Trek 2, open to the north.
  • Results are outside the current Mineral Resource Estimate.
  • Additional drilling planned for further exploration.
  • Part of ongoing efforts for Greater Duchess Copper Gold Project.
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.