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Carnaby cashes up and accelerates exploration in reemerging copper heartland

EMERGING Mount Isa-region copper explorer Carnaby Resources has raised another A$20 million in equity and has pushed back its maiden resource estimate by more than a quarter.

Michael Quinn
Carnaby cashes up and accelerates exploration in reemerging copper heartland

The $20 million was priced at $1.22 per share and takes the company's pro-forma cash position past $30 million. Carnaby raised $20 million at $1.30 per share in January 2022. OZ Minerals invested...

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