InvestSMART

Carnavale Resources Limited (ASX:CAV)

ALERT: Price-sensitive ASX Announcement for CAV
Current share price for CAV : $0.079 -0.061 (-43.57%)+
Announcement
Release
10 Feb 2026 8:18AM
Price at Release
$0.140
Full Release
download
Summary
Carnavale Resources Limited announced the granting of Mining Lease M40/362, which encompasses the Kookynie Gold Project resources, located in Western Australia. The lease contains high-grade gold resources at Swiftsure and Tiptoe, and its granting is a significant milestone in the project's development. Carnavale is actively conducting a drilling campaign to support the Bankable Feasibility Study (BFS), aiming for mid-2026 completion. Changes in tenement holdings include the inclusion of former prospecting licences into the new mining licence M40/362, with expectations of further necessary approvals by Q3 2026. These developments position Carnavale to proceed with mine development and production plans.
Key Points
  • Mining Lease M40/362 granted for the Kookynie Gold Project.
  • Kookynie Gold Project located 60km south of Leonora, WA.
  • Contains high-grade gold at Swiftsure and Tiptoe resources.
  • Active drilling campaign to support Bankable Feasibility Study.
  • BFS expected to be finalized by Q3 2026.
  • Majority of prospecting licences P40/1380 and P40/1381 incorporated into new mining licence.
  • Further statutory approvals anticipated by Q3 2026.
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.