InvestSMART

Carnaby Resources Limited (ASX:CNB)

ALERT: Price-sensitive ASX Announcement for CNB
Current share price for CNB : $0.995 0.235 (30.92%)+
Announcement
Release
30 Jul 2026 9:10AM
Price at Release
$0.760
Full Release
download
Summary
Carnaby Resources Limited's quarterly report for June 2026 highlights a strategic move with Evolution Mining, offering its shareholders a substantial premium on share value. The report details ongoing exploration projects, particularly the Greater Duchess Copper Gold Project in Queensland, which has seen promising developments. The company ended the quarter with a cash balance of $10.8 million, including restricted cash. Notably, there was an expenditure of $1.79 million on exploration, and an R&D tax incentive of $244,000 was received for the financial year 2025. Despite no significant mining production or development activity, payments to related parties amounted to $134,513, as per the detailed Appendix 5B Cash Flow Report.
Key Points
  • Carnaby Resources Limited reports on its June 2026 quarterly activities and cash flow.
  • The company is involved in a Scheme of Arrangement with Evolution Mining, offering shareholders a premium on their shares.
  • Key projects include the Greater Duchess Copper Gold Project in Queensland, with significant discoveries reported.
  • Total cash held at the end of the quarter was $10.8 million, including $1.4 million in restricted cash.
  • Exploration and evaluation expenditure for the quarter was $1,792,593.
  • Carnaby received a $244,000 R&D tax rebate for FY25.
  • No substantive mining production and development activities were conducted during the quarter.
  • Payments to related parties during the quarter totaled $134,513.
  • Appendix 5B details cash flows from operating, investing, and financing activities.
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.