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Carnaby Resources Limited (ASX:CNB)

ALERT: Price-sensitive ASX Announcement for CNB
Current share price for CNB : $0.540 0.175 (47.95%)+
Announcement
Release
25 Mar 2026 8:44AM
Price at Release
$0.365
Full Release
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Summary
Carnaby Resources Limited announced exceptional high-grade breccia drill results from their Greater Duchess Copper Gold Project, specifically from the Trek 1 prospect in Mt Isa, Queensland. The standout result was an 8.1m intercept at 9.9% CuEq, including 4.3m at 16.5% CuEq. These results demonstrate substantial continuity of high-grade mineralization extending 600m below the Ore Reserve Open Pit, suggesting a significant addition to the project's mineral inventory. The drilling intersected a plunging breccia shoot characterized by matrix infill chalcopyrite copper mineralization, with the newly identified Footwall Lode offering further potential for high-grade discoveries.
Key Points
  • Trek 1 intersects 8.1m at 9.9% CuEq, including 4.3m at 16.5% CuEq.
  • High-grade breccia shoot extends 600m below the Ore Reserve Open Pit.
  • Potential for further discoveries within the Footwall Lode.
  • The mineralization is characterized by strong down plunge continuity.
  • Additional drill results pending with further drilling planned.
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.