• Drill hole CBRC033 intersected 6m @ 7.1% CuEq, including 3m @ 12.8% CuEq
• Confirms continuity of very high grade mineralization 100m up-dip from previous result
• Drill hole CBGT002 intersected 23m (true width ~21m) @ 2.4% CuEq, including 13m (true width ~12m) @ 4.0% CuEq

Carnaby Resources Limited (ASX: CNB) has announced further high-grade drill results from the Trek 1 Prospect at the Greater Duchess Copper Gold Project in Mt Isa, Queensland. Drill hole CBRC033 intersected 6m @ 7.1% CuEq (6.7% Cu, 0.5g/t Au), including 3m @ 12.8% CuEq (12.2% Cu, 0.7g/t Au), confirming the continuity of the very high grade mineralization 100m up-dip from the previously reported outstanding result of 7m @ 9.3% CuEq. These new results are outside of the current Mineral Resource Estimate and demonstrate the significant upside potential to grow the Trek 1 resource with additional drilling. A diamond tail is in progress to test for further down-plunge extensions, and additional drilling is being planned to commence as soon as possible. Additionally, drill hole CBGT002 intersected an exceptional 23m (true width ~21m) @ 2.4% CuEq (2.0% Cu, 0.5g/t Au), including 13m (true width ~12m) @ 4.0% CuEq (3.4% Cu, 0.7g/t Au), at the base of a conceptual open pit. This highlights the broad nature of the Trek 1 orebody, which was historically mined underground in narrow 1-2m wide stopes. The Company's Managing Director commented that the new results clearly demonstrate the significant potential for Trek 1 to become a high-grade open pit operation, which is being assessed in the ongoing Pre-Feasibility Study.