Carnaby Resources Limited (ASX:CNB)
Carnaby Resources Limited (ASX:CNB) is an exploration and development company focussed on gold and copper projects in the Pilbaras Mallina Basin and Yilgarn Margin of Western Australia and the Mt Isa Inlier of Queensland.
The Company holds a highly prospective land package in the Pilbaras Mallina Basin, north east of De Grey Mining Ltds Hemi gold discovery which is Australias newest major and under explored gold district.
The Companys Tick Hill gold project, was one of Australias highest grade and most profitable gold deposits ever mined, producing 511,000 ounces at 22.5 grams per tonne between 1991 and 1995. The Company also holds a surrounding exploration package containing numerous gold and copper targets, including the Greater Duchess Copper-Gold Project.
In addition to its land holdings in the Mallina Basin and the Mt Isa Inlier, the Company holds a copper and gold prospective exploration package in the Yligarn Margin, which contain the Malmac and Throssel projects.