• Exceptional high-grade copper-gold intersections at Trek 1 including 6m @ 5.0% CuEq and 3m @ 9.6% CuEq
• Drilling confirms excellent continuity of the high-grade lode over 300m down dip
• Additional assays bulk out previous intersections at Trek 1 and Inheritance

Carnaby Resources has announced further exploration drill results from the Greater Duchess Project in Mt Isa, Queensland. Highlights from the Trek 1 prospect include drill hole CBRC065 which intersected 6m (true width ~4m) at 5.0% CuEq, including 3m (true width ~2m) at 9.6% CuEq. This confirms excellent continuity of the high-grade lode which has now been extended over 300m down dip. Drill hole CBDD017 also returned 13.7m (true width ~7m) at 1.7% CuEq, including 8m (true width ~4m) at 2.8% CuEq and 3m (true width ~2m) at 5.9% CuEq. Additional assay results have bulked out the previously reported intersection in CBDD017. The company noted that all drill results reported are outside of the existing Mineral Resource Estimate. At the Inheritance prospect, drill holes CBRC027 and CBRC031 intersected broad zones of copper-gold mineralization, with highlights including 46m (true width ~39m) at 0.8% CuEq and 47m (true width ~38m) at 0.7% CuEq. The company stated that the main interpreted high-grade plunge to the south at Inheritance remains open and additional drilling is required to test this area.

The company noted that the Trek 1 extension is rapidly emerging as a very significant high-grade discovery below the historical underground workings, with every new hole drilled into the extension hitting high-grade breccia controlled mineralization and showing strong continuity. The company also stated that it is highly encouraged by the ongoing results at Inheritance, which is shaping up as a core deposit for the upcoming Pre-Feasibility Study to be completed in Q1 CY2026.