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Carnaby Resources Limited (ASX:CNB)

ALERT: Price-sensitive ASX Announcement for CNB
Current share price for CNB : $0.950 0.045 (4.97%)+
Announcement
Release
13 Aug 2026 9:09AM
Price at Release
$0.905
Full Release
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Summary
Carnaby Resources Limited has announced additional drill results from the Greater Duchess Project in Mount Isa, Queensland, Australia. The project, located within the Mount Isa inlier, comprises numerous Iron Oxide Copper Gold (IOCG) deposits. The company reported significant mineral resource estimates and probable ore reserves, notably within the Mount Hope, Trekelano, Nil Desperandum, and Lady Fanny deposits. New drill results have revealed promising copper equivalent (CuEq) grades across various prospects, such as the Miniboom Lode and Trek 1, underscoring the project's potential expansion. Furthermore, binding tolling and offtake agreements have been signed with Glencore International AG, which enhances the project's commercial prospects.
Key Points
  • Final drill results from Greater Duchess Project announced.
  • Significant CuEq mineral resource and probable ore reserves identified.
  • New drill results from Miniboom Lode and Trek 1 show promising results.
  • Binding tolling and offtake agreements with Glencore International AG.
  • Mount Hope, Trekelano, Nil Desperandum, and Lady Fanny are key deposits within the 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.