Carnaby Resources Ltd. (AU:CNB) has released an update.
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Carnaby Resources Ltd. has taken a significant step forward by acquiring the Trekelano copper deposit, boosting its Greater Duchess Copper Gold Project’s mineral resources by 27% to 400,300 CuEq tonnes. A new agreement with Glencore ensures a processing solution for the project’s output, while a successful capital raise of $17 million supports further development and exploration initiatives. These strategic moves position Carnaby to enhance its production capabilities and confidence among investors.
For further insights into AU:CNB stock, check out TipRanks’ Stock Analysis page.
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