Ann: Mount Birnie and Duchess New IP Anomalies, page-4

MOUNT BIRNIE AND DUCHESS COPPER PROSPECTSNEW IP ANOMALIES 4,000m RC DRILLING UNDERWAYCarnaby Resources Limited (ASX: CNB) (Carnaby or the Company) is pleased to provide an exploration update for the Greater Duchess Copper Gold Project in Mount Isa, Queensland.Highlights – Greater Duchess Copper Project, Mount Isa, Queensland• Results from a pole/dipole IP/Resistivity survey at the Mount Birnie Prospect have generated several significant IP chargeability anomalies along strike and adjacent to the Mount Birnie copper deposit (Figure 2)• A new area 500m to the south of the Mount Birnie Prospect has produced several IP chargeability anomalies across 4 consecutive lines (Figure 2).• At the Duchess Prospect a single IP line across the Duchess, Ivanhoe and Central lodes has identified IP chargeability anomalies associated with the known lodes and identified a deep IP anomaly under the main shaft area at Duchess, which historically produced 25,155t of copper @ 12% Cu.• A 4,000m RC drilling program targeting the Mount Birnie and Nil Desperandum Prospects and other key copper target areas within the Greater Duchess Copper Gold project has commenced.The Company’s Managing Director, Rob Watkins commented:“The extensive IP geophysical survey just completed at Nil Desperandum (see ASX release 7 May 2021), and now Mount Birnie and Duchess has generated numerous chargeability anomalies of high potential, which are now being targeted in the recently commenced 4,000m RC drilling program. We are excited about these targets and look forward with great anticipation to the results from this drilling program.”