Key points
- 10% increase in overall Mineral Resources to 482,800 CuEq tonnes
- Trekelano Mineral Resources increased by 47% to 7.1Mt @ 1.8% CuEq
- Trek 1 Underground Mineral Resource Estimate at 1.0Mt @ 3.5% CuEq
- Trek 2 Mineral Resource Estimate increased by 18% to 1.2Mt @ 1.2% CuEq
Full summary
Carnaby Resources Limited (ASX: CNB) has announced an updated Mineral Resource Estimate (JORC 2012) for the Trekelano deposit, part of the Greater Duchess Copper Gold Project in Mount Isa, Queensland. The update reflects additional drilling completed in 2026, resulting in a 10% increase in the project's Mineral Resources to 482,800 tonnes of copper equivalent (CuEq). The increase is primarily due to the updated Trek 1 Underground Mineral Resource Estimate, which now includes the Main Lode breccia zone and the Footwall Lode. Trekelano's Mineral Resources have increased by 47% to 7.1 million tonnes at 1.8% CuEq, with Trek 1 contributing a Mineral Resource Estimate of 1.0 million tonnes at 3.5% CuEq. Trek 2's Mineral Resource Estimate increased by 18% to 1.2 million tonnes at 1.2% CuEq. The company is now focusing on advancing the Greater Duchess project into development, considering the proposed acquisition by Evolution Mining.