3000m Drilling Program Commences at Greater Duchess

• 3,000m RC drilling program targeting extensions of high priority targets at Trekelano
• Recent exceptional drill results include 18m @ 5.0% CuEq at Trek 2 and 6m @ 12.6% CuEq at Trek 1
• Further drill results from a recently completed diamond drilling program are pending

Carnaby Resources Ltd (ASX: CNB) has commenced a circa 3,000m RC drilling program at the Greater Duchess Project in Mount Isa, Queensland. The drilling program is targeting extensions of high priority targets at Trekelano where recent exceptional drill results have been reported. This includes an intersection of 18m (TW~12m) @ 5.0% CuEq (4.0% Cu, 1.1g/t Au) from 115m within 35m (TW~22m) @ 2.9% CuEq (2.3% Cu, 0.6g/t Au) from 105m at Trek 2, and 6m @ 12.6% CuEq (5.8% Cu, 7.9g/t Au) from 211m at Trek 1. The drilling will also target lateral extensions and footwall repetitions to the high grade deposit at Trek 1, as well as the down plunge of Inheritance and the Trek Central structural target between Inheritance and Trek 1. Further drill results from a recently completed diamond drilling program are also pending. The Company's Managing Director, Rob Watkins, commented that the recent high grade drill results warrant immediate follow-up drilling, and with multiple high-priority targets to drill and a clear pathway to development following the PFS, the Company is well-positioned to continue building shareholder value.

With multiple high-priority targets to drill and a clear pathway to development following the PFS, the Company is well-positioned to continue building shareholder value.