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Carnaby Resources Limited (ASX:CNB)

ALERT: Price-sensitive ASX Announcement for CNB
Current share price for CNB : $0.885 -0.11 (-11.06%)+
Announcement
Release
24 Aug 2026 8:44AM
Price at Release
$0.995
Full Release
download
Summary
Carnaby Resources Limited announced a 10% increase in the Mineral Resource Estimate for the Trekelano deposits, part of the Greater Duchess Copper Gold Project in Queensland. The update includes new drilling results for the Trek 1 and Trek 2 deposits completed in 2026, leading to a significant 47% increase in resources for Trekelano. The overall project now holds 30.8 million tonnes at 1.3% copper, 0.3 grams per ton of gold, and 1.6% copper equivalent, containing 415,000 tonnes of copper and 258,700 ounces of gold. The report also details individual resource estimates for the Trekelano site, including underground and open-pit assessments, with a notable contribution from the Trek 1 underground resource.
Key Points
  • Trekelano Mineral Resource Estimate updated following 2026 drilling.
  • 10% increase in Greater Duchess Project Mineral Resources.
  • 47% increase in Trekelano Mineral Resources to 7.1Mt at 1.8% CuEq.
  • Trek 1 and Trek 2 deposits major contributors to resource increase.
  • Total Greater Duchess project resources: 30.8Mt at 1.6% CuEq.
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.