CNB 0.95% 52.0¢ carnaby resources limited

Ann: Rio Tinto Devoncourt Project Farm-in Agreement, page-59

  1. 1,573 Posts.
    lightbulb Created with Sketch. 262
    with all our attention on the maiden resource of late I totally forgot about our potential JV with Rio.

    So is Wimberu the next cab off the rank in terms of exploration? I recall Rob mentioning back in August at diggers we were starting Q4? Wonder if that’s still the plan?

    Potentially very exciting news could flow from chasing this tier 1 target of which they believe is one of the sources of Cu bearing fluids in deposits such as Ernest Henry, Selwyn, Mount Elliot and the Greater Duchess deposits.
    I know we have to stump the $5mil exploration cost but as Rob commented it could result in potential rewards many times our market capitalisation.

    The interim MRE is just that, lets get on with it, add to our inventory and hope we hit some home runs in the coming new year with our many ongoing projects.
    Last edited by WheresMyPants: 06/11/23
 
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