CNB – Carnaby Resources | Aussie Stock Forums

No, but hope you did prior to…today’s insanity?
Hit a high of $1.39
Another De Grey nearology play producing results.
Other De Grey nearology plays are CAD and KAI if interested…
CAD right next door 🤫

Have to laugh at some of the prospects names you hear… in this case “Lady Fanny”, sounds like a James Bond character (Pussy Galore) 🤨

View attachment 134886

MAJOR COPPER GOLD DISCOVERY
41m @ 4.1% COPPER,
INCLUDING 9m @ 10.3% COPPER
AT GREATER DUCHESS PROJECT
1
ASX Announcement
29 December 2021
Fast Facts
Shares on Issue 118.1M
Market Cap (@ 73.5 cents) $86.8M
Cash $5.6M1
1As of 31 September 2021
Board and Management
Peter Bowler, Non-Exec Chairman Rob Watkins, Managing Director
Greg Barrett, Non-Exec Director &
Company Secretary
Paul Payne, Non-Exec Director
Company Highlights
 Proven and highly credentialed management team
 Tight capital structure and strong cash position
 Projects near to De Grey’s Hemi gold discovery on 442 km2 of highly
prospective tenure
 Greater Duchess Copper Gold Project, numerous camp scale IOCG deposits over 323 km2 of tenure
 100% ownership of the Tick Hill Gold Project (granted ML’s) in Qld, historically one of Australia highest grade and most profitable gold mines
 Past production of 511 koz at 22 g/t gold
 Indicated and Inferred Mineral
Resource of 207,000 t @ 6.71 g/t gold
for 44,600 ounces
 Proven and Probable Ore Reserves of 48,600 t @ 6.53 g/t gold for 10,200 ounces
Registered Office
78 Churchill Avenue Subiaco Western
Australia 6008
T: +61 8 9320 2320
www.carnabyresources.com.au
Carnaby Resources Limited (ASX: CNB) (Carnaby or the Company) is pleased to confirm a major copper gold discovery at the Nil Desperandum Prospect
within the Greater Duchess Copper Gold Project in Mt Isa, Queensland.

Highlights
• Assay results have been received for NLDD044 outlining an extremely high-grade copper gold discovery at Nil Desperandum. Results are;
41m @ 4.1% copper, 0.5 g/t gold from 247m
Incl. 24m @ 6.5% copper, 0.7g/t gold from 251m
Incl. 9m @ 10.3% copper, 1.2g/t gold from 264m
• NLDD044 is the first drill hole to test the NLIP4 Induced Polarisation (IP) chargeability inversion anomaly (Figure 1 & 2). The IP anomaly is almost certainly attributable to copper sulphide mineralisation.
• The high-grade copper intersection in NLDD044 remains completely open at depth and along strike to the southwest where the plunge of the mineralisation appears to be flattening (Figure 2).
• Results are pending from a further RC/diamond hole drilled 80m to the northeast of NLDD044, which intersected an 80m downhole zone of copper sulphide mineralisation (See ASX release 21 December 2021).
• Results from numerous other holes drilled at Nil Desperandum, Lady Fanny and Burke & Wills prospects are also awaited.
• Follow up exploration is being rapidly escalated with extensive IP surveys and multiple drill rigs locked in to commence in January 2022.

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