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Carnavale Resources Limited (ASX:CAV)

ALERT: Price-sensitive ASX Announcement for CAV
Current share price for CAV : $0.091 -0.034 (-27.20%)+
Announcement
Release
4 Feb 2026 8:22AM
Price at Release
$0.125
Full Release
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Summary
Carnavale Resources Limited announced the commencement of the Bankable Feasibility Study (BFS) drilling at the Kookynie Gold Project (KGP) in Western Australia. This project is located 60km south of Leonora and 180km north of Kalgoorlie. The BFS drilling includes metallurgical and geotechnical diamond drilling as well as infill resource drilling across the proposed open pits at Swiftsure and Tiptoe. The drilling will provide essential data for metallurgical testwork, waste rock characterization, and inform geotechnical designs. A comprehensive program of works and heritage surveys have been completed, facilitating the fast-tracked development of the project with a target to be 'shovel ready' by Q3 2026. The project is also conducting hydrogeology studies to plan site infrastructure and water management. These efforts are expected to reduce operational risks and enhance the project's economics.
Key Points
  • BFS drilling has commenced at Kookynie Gold Project.
  • Location: 60km south of Leonora, 180km north of Kalgoorlie.
  • Includes metallurgical and geotechnical diamond drilling.
  • Infill resource drilling across Swiftsure and Tiptoe pits.
  • Data for metallurgical testwork and waste rock characterization.
  • Approval of the program of works and heritage surveys completed.
  • Target to be 'shovel ready' by Q3 2026.
  • Hydrogeology studies for site infrastructure and water management.
  • Project aims to reduce operational risks and improve economics.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.