CNB.ASX: Greater Duchess Exploration Update

Greater Duchess Exploration Update

Stock	Carnaby Resources Ltd (CNB.ASX)
Release Time	13 Aug 2026, 9:09 a.m.
Price Sensitive	Yes

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Carnaby Resources Greater Duchess Exploration Update

Key Points

Miniboom Lode Discovery with high-grade intersections
Trek 1 Discovery with significant mineralization
Binding Tolling and Offtake agreements signed with Glencore

Full Summary

Carnaby Resources Limited (ASX: CNB) announced final drill results from the Greater Duchess Project in Mount Isa, Queensland. The results include significant mineralization at the Miniboom Lode, with intersections such as 20m @ 2.2% CuEq and 12m @ 2.3% CuEq. Additionally, the Trek 1 Discovery reported intersections like 88.6m @ 1.2% CuEq and 35.6m @ 1.8% CuEq. The company also announced binding tolling and offtake agreements with Glencore International AG. Carnaby is now focused on the development of the Greater Duchess project, including incorporating these results into updated Mineral Resource Estimates for the upcoming Feasibility Study.

Outlook

Carnaby is now focused on the development studies for the Greater Duchess Project and plans to incorporate the recent drill program results into updated Mineral Resource Estimates for the updated Feasibility Study.