Carnaby Resources: Advancing High-Grade Copper-Gold Discoveries in Queensland

Carnaby Resources Limited (ASX: CNB) is a well-funded Australian mineral explorer advancing its flagship copper-gold assets within the Greater Duchess Project, located in the Mt Isa mineral province of Queensland. With a strong cash position of AU$15.8 million and an experienced management team, the company is aggressively advancing multiple Iron Oxide Copper Gold (IOCG) discoveries across 1,946 km² of tenure.

Key developments include the Trekelano prospect, where significant downhole EM conductors and high-grade copper-gold mineralisation (e.g., 20m @ 1.3% CuEq) are being tested. Notable assay results also come from Lady Fanny, Burke & Wills, and Mount Hope prospects. A Pre-Feasibility Study is currently in progress and is expected to be finalized in the second half of calendar year 2025.

Carnaby holds binding tolling and offtake agreements with Glencore and has further exploration interests near De Grey’s Hemi discovery. With promising drilling results and expansion potential, Carnaby is emerging as a compelling copper-gold developer in Australia

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