Exploring Australia’s newest major and underexplored gold district and searching for the offset and repetition at one of Australia’s iconic historical gold mines.
Carnaby Resources Limited (ASX: CNB) is an Australian exploration and development company focussed on gold and copper projects in the Mallina Basin and Yilgarn Margin of Western Australia and the Mt Isa Inlier of Queensland.
Located in the Mt Isa Inlier, Tick Hill was one of Australia’s highest grade and most profitable gold deposits ever mined, producing 511,000 ounces at 22.5 grams per tonne between 1991 and 1995 before faulting off at 235 m below the surface. The Company also holds a 326 km2 surrounding exploration package containing numerous gold and copper targets, including the Duchess Project. In the Mallina Basin, the Company holds a highly prospective 254km2 land package north east of De Grey Mining Ltd’s Hemi gold discovery, Australia’s newest major and under explored gold district.
In addition to its land holdings in the Mt Isa Inlier and the Mallina Basin, the Company holds a further 972km2 gold prospective exploration package in the Yligarn Margin, which contain the Company’s Malmac and Throssel projects.