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.
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