Carnaby Resources Limited (ASX:CNB)

Unlocking a Significant Australian Copper Gold System.

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About Us

Carnaby Resources Limited (ASX: CNB) is an Australian exploration and development company focussed on copper and gold projects in Queensland and Western Australia.

Latest News

Broker Upgrades: These two ASX gold-copper stocks get a blessing and solid price targets

13th November 2024

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5th December 2023

Company Overview

Established with a vision to harness Australia's rich mineral resources, Carnaby Resources Limited has strategically positioned itself in prolific mining regions. The flagship Greater Duchess Copper Gold Project, located approximately 70 km southeast of Mount Isa in Queensland, encompasses 1,921 km² of Iron Oxide Copper-Gold (IOCG) prospective tenure. This area includes significant discoveries such as Mount Hope, Nil Desperandum, and Lady Fanny, collectively contributing to a maiden interim Mineral Resource Estimate of 21 Mt at 1.3% Cu and 0.2 g/t Au, equating to 283 kt of copper and 148 koz of gold.

In Western Australia, Carnaby's portfolio extends to the Pilbara Gold and Lithium Projects, comprising the Strelley, Mt Grant, Pardoo, and Goldsworthy Gold Projects, as well as the Big Hill Lithium Project. These projects are strategically located in the highly prospective Mallina Basin, northeast of the Hemi gold deposit of De Grey Mining Ltd.

Board & Management

Peter Bowler

Non-Executive Chairman

Mr Peter Bowler was previously the founding Managing Director of Beadell Resources Limited from 2007 to 2015 and, prior to that, founding Managing Director of Agincourt Resources Limited from 2003 to 2007. Under his leadership those companies grew to a peak market capitalisation of approximately A$800M and A$500M respectively.

Rob Watkins

Managing Director

Mr Rob Watkins is a geologist with over 20 years exploration experience and a proven track record of exploration success. He was previously a founding Executive Director of Beadell Resources Limited and Exploration Manager of Agincourt Resources Limited.

Greg Barrett

Non-Executive Director

Mr Barrett has over 25 years’ experience as a corporate and finance professional, primarily within the mining industry. Mr Barrett has previously served as the Chief Financial Officer of several ASX-Listed companies with operating gold mines in Australia and abroad. Prior to commencing in commerce, Mr Barrett was employed by KPMG.

Paul Payne

Non-Executive Director

Mr Paul Payne is principal of PayneGeo and has over 30 years of experience within the mining industry including over ten years of independent consulting across a range of commodities and jurisdictions ranging from high level reviews, to development of exploration strategy to participation in definitive feasibility studies. Mr Payne currently serves as an independent consultant to De Grey Mining Ltd (ASX: DEG) and Musgrave Minerals Ltd (ASX: MGV).

Mr Payne has extensive technical experience in the evaluation of mineral deposits from early stage exploration to definitive feasibility studies. Recent exploration experience includes the implementation and management of gold exploration for Dacian Gold Limited in Western Australia, and for Rift Valley Resources in Tanzania. Both projects had substantial discoveries under his management.

Mr Payne has formal qualifications in geology as well as post-graduate qualifications in geostatistics and mineral economics.

Mr Payne has held recent corporate roles including Technical Director and Managing Director of ASX listed companies including the position of founding Managing Director of Dacian Gold Limited taking that company through a successful IPO and making the major initial gold discoveries at the Mount Morgans project.