Carnaby Resources recommences exploration activities at Greater Duchess project

Carnaby Resources Limited (ASX: $CNB) has recommenced drilling at the Greater Duchess Copper Gold Project in Mt Isa, Queensland. The company has reported significant drill results at the Lady Fanny Extension, with promising assays including 20m @ 1.6% Cu, 0.2g/t Au. Additionally, drilling has commenced at the Wimberu maiden diamond drilling program and Mount Hope to extend and upgrade the Mineral Resource.

Executive commentary on exploration activities and future prospects

The Managing Director of Carnaby Resources, Rob Watkins, expressed confidence in the company's exploration targets for the year, emphasizing the potential for replicating past discovery success and growing the Mineral Resource base. Watkins highlighted the upcoming completion of the Greater Duchess Scoping Study, emphasizing its significance in the current market environment with rising copper and gold prices. He also underscored the project's potential to contribute to the energy transition, supported by the Queensland government's backing for development in the Northwest Mineral Province.

Summary of exploration update and future outlook

Carnaby Resources' exploration update at the Greater Duchess Copper Gold Project showcases promising drill results at the Lady Fanny Extension, indicating the potential for significant mineral deposits. The company's focus on advancing the Greater Duchess Scoping Study and its plans for pre-feasibility studies demonstrate a commitment to capitalizing on the current market conditions. With extensive joint metallurgy studies and regional exploration programs underway, Carnaby remains poised to expand and upgrade its mineral resource base, setting the stage for continued growth and development in the near future.