CNB 2.04% 48.0¢ carnaby resources limited

Ann: Re-release of ASX Announcement dated 17 December 2021, page-22

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    No, you don't know your copper. Maybe you meant 'hot' copper, which is 40% bull&^it at a conservative estimate (lab assays pending).

    The recent samples contained mineralised Cu containing ore (visual). It is however an an oxide ore body, as is Olympic Dam. The Olympic was the sister ship to the Titanic, and she had a long and illustrious career.

    CuOxide ores represent an attractive exploration target because even low-grade prospects have the potential to produce low-cost copper in an environmentally friendly-fashion. Can be over a wide area and 200 m thick. Derived from hypogene and/or supergene sulfides, copper oxides comprise a series of distinct assemblages that characterize a variable pH, oxidizing geochemical environment known as “the oxide zone.” Development of oxide copper minerals is a function of source-rock and host-rock mineralogy, pyrite and other (copper) sulfide abundance and distribution, fracture density and distribution, phreatic and/or vadose zone occurrence and stability, and maturity of the weathering profile.
 
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