CNB - Carnaby Resources

[System]

Berkut Minerals is a Western Australian minerals exploration company that has recently entered into an earn-in agreement to acquire an interest of up to 70% in the Cairn Hill Gold Project and secured a 100% interest in nearby Mt Clement Gold Project, both located in the Ashburton mineral field of Western Australia. The Company has also identified and secured 188km² of ground prospective for lithium in the Savory Basin of Western Australia, being the Capricorn Lithium Project.

It is anticipated that BMT will list on the ASX during September 2016.

http://www.berkutminerals.com.au

 

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Today's announcement refers to Berkut taking an interest in, among others, Jáchymov, until 1945 known by its German name of Joachimsthal, situated in the Karlovy Vary Region of Bohemia, now part of the Czech Republic. (For those unfamiliar with Christian genealogy: St J was supposedly Mary's father.) For many centuries, "St Joachim's Valley" has been a hub of silver mining, giving its name to the minted "Joachimsthaler", shortened to "Thaler" and, later still, spelled the way it was pronounced: "Dollar".

Impurities in those silver veins were found to be useless, and the miners cursed mischievous gnomes, known in German lore as "Kobold", for putting the hex on their lovely silver mines. Another "useless" by-product was thought to be injected by another tribe of dwarves, the "Nickels".

If anybody saw the breakout earlier this week and acted on it: Well done and good luck!
I did not, and I feel hexed by Kobolds and Nickels. (But I won't chase past 30c either.)

 

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the obvious: pump. dump
The background seems rather sound though, so I'll wait till the exuberance has cleared. Then I might spend a few quid on spec of a slower, more sustainable rise.

 

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Then I might spend a few quid on spec of a slower, more sustainable rise.

oh well, if the Mountain doesn't want to come to the Prophet, he'll have to drag the old bones up the Mountain Stop 28, 1st target 34

 

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... rinse and repeat

 

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rising off support
I'm on board - caught the break just in time

 

[greggles]

Some good news at last for BMT.

Berkut Minerals announced this morning that it has entered into a binding Heads of Agreements with various parties to acquire a 323km² ground position including the historical high grade Tick Hill Gold Project, located in the Mt Isa region of Queensland.

The acquisition includes a 100% interest in the Tick Hill granted mining leases (4km²) and an 82.5% and up to 100% interest in the broader 319km² exploration tenements.

Tick Hill was one of Australia's highest grade and most profitable gold mines, producing 511,000oz at 22.5g/t gold to a depth of only 235m from 1991 until 1995 under the ownership of MIM Holdings Ltd. Tick Hill has been largely unexplored over past 20 years and this will be the first time since 1995 that the package has been amalgamated.

BMT up 39.2% to 11c so far today with an intraday high of 12.5c.

 

[barney]

Some good news at last for BMT.

That is good news ……. A lot of Gold to be found around Tick Hill with modern technology you'd expect and it only cost them 20+ million shares … so less than $2 million ….. plus up to $5 million in total production royalties ….

Looks like a steal especially since they have 22,000 ounces of gold lying around in the tailings dam ready to be loaded.

 

[greggles]

Looks like a steal especially since they have 22,000 ounces of gold lying around in the tailings dam ready to be loaded.

The market also thinks it's a great acquisition. When I posted yesterday BMT was 11c, today it's at 15c. On Tuesday it closed at 7.9c. It's almost doubled in two days.

Even at current prices its market cap is only around $8 million. Plenty of room for further growth. If it doubles again in price it will still only be a $16 million company.

 

[barney]

. It's almost doubled in two days.

Plenty of room for further growth.

Absolutely Greg …… Hats off to BMT management for swinging the deal and turning the Company around. Don't hold but those that do will be feeling pretty chuffed at the moment.

 

[System]

On May 13th, 2019, Berkut Minerals Limited (BMT) changed its name and ASX code to Carnaby Resources Limited (CNB).

 

[BlindSquirrel]

Anyone else on this train? The recent SPP was oversubscribed at 30c, so the BOD doubled the amount taken in and still had to issue refunds.

I got in around 18c and took part in said SPP, getting around 75% of what I requested. I am mighty impressed with the price performance!

 

[BlindSquirrel]

WHEEEEEEEE!!

 

[Swervin Mervin]

Anyone else jumped on this train?

 

[frugal.rock]

Anyone else jumped on this train?

No, but hope you did prior to...today's insanity?
Hit a high of $1.39
Another De Grey nearology play producing results.
Other De Grey nearology plays are CAD and KAI if interested...
CAD right next door ?

Have to laugh at some of the prospects names you hear... in this case "Lady Fanny", sounds like a James Bond character (Pussy Galore) ?

MAJOR COPPER GOLD DISCOVERY
41m @ 4.1% COPPER,
INCLUDING 9m @ 10.3% COPPER
AT GREATER DUCHESS PROJECT
1
ASX Announcement
29 December 2021
Fast Facts
Shares on Issue 118.1M
Market Cap (@ 73.5 cents) $86.8M
Cash $5.6M1
1As of 31 September 2021
Board and Management
Peter Bowler, Non-Exec Chairman Rob Watkins, Managing Director
Greg Barrett, Non-Exec Director &
Company Secretary
Paul Payne, Non-Exec Director
Company Highlights
 Proven and highly credentialed management team
 Tight capital structure and strong cash position
 Projects near to De Grey’s Hemi gold discovery on 442 km2 of highly
prospective tenure
 Greater Duchess Copper Gold Project, numerous camp scale IOCG deposits over 323 km2 of tenure
 100% ownership of the Tick Hill Gold Project (granted ML’s) in Qld, historically one of Australia highest grade and most profitable gold mines
 Past production of 511 koz at 22 g/t gold
 Indicated and Inferred Mineral
Resource of 207,000 t @ 6.71 g/t gold
for 44,600 ounces
 Proven and Probable Ore Reserves of 48,600 t @ 6.53 g/t gold for 10,200 ounces
Registered Office
78 Churchill Avenue Subiaco Western
Australia 6008
T: +61 8 9320 2320
www.carnabyresources.com.au
Carnaby Resources Limited (ASX: CNB) (Carnaby or the Company) is pleased to confirm a major copper gold discovery at the Nil Desperandum Prospect
within the Greater Duchess Copper Gold Project in Mt Isa, Queensland.

Highlights
• Assay results have been received for NLDD044 outlining an extremely high-grade copper gold discovery at Nil Desperandum. Results are;
41m @ 4.1% copper, 0.5 g/t gold from 247m
Incl. 24m @ 6.5% copper, 0.7g/t gold from 251m
Incl. 9m @ 10.3% copper, 1.2g/t gold from 264m
• NLDD044 is the first drill hole to test the NLIP4 Induced Polarisation (IP) chargeability inversion anomaly (Figure 1 & 2). The IP anomaly is almost certainly attributable to copper sulphide mineralisation.
• The high-grade copper intersection in NLDD044 remains completely open at depth and along strike to the southwest where the plunge of the mineralisation appears to be flattening (Figure 2).
• Results are pending from a further RC/diamond hole drilled 80m to the northeast of NLDD044, which intersected an 80m downhole zone of copper sulphide mineralisation (See ASX release 21 December 2021).
• Results from numerous other holes drilled at Nil Desperandum, Lady Fanny and Burke & Wills prospects are also awaited.
• Follow up exploration is being rapidly escalated with extensive IP surveys and multiple drill rigs locked in to commence in January 2022.

 

[Dona Ferentes]

Another De Grey nearology play producing results.
Other De Grey nearology plays are CAD and KAI if interested...
CAD right next door ?

this time it's farology, distantology?

Carnaby Resources Limited (ASX: CNB) is pleased to confirm a major copper gold discovery at the Nil Desperandum Prospect within the Greater Duchess Copper Gold Project in Mt Isa, Queensland.

 

[frugal.rock]

 Projects near to De Grey’s Hemi gold discovery on 442 km2 of highly
prospective tenure

this time it's farology, distantology?

Yes, but like journalism, "never let the facts spoil a good story".
Not held.

Are States of Australia set to become independent countries?
QLD might become the ROBB...
Republic of Banana Benders ?

 

[Dona Ferentes]

I would like to tip CNB for Jan comp (now $1.26 and looking to open higher)
• NLDD044 is the first drill hole to test the NLIP4 IP chargeability inversion anomaly
• Results are pending from a further RC/diamond hole drilled 80m to the northeast of NLDD044
• Results from numerous other holes drilled at Nil Desperandum, Lady Fanny and Burke & Wills prospects are also awaited

but; a lot has been put into the SP already, the likelihood of a TH to raise capital is likely (= downer), and there are reports that there are big delays in assays around the country

 

[Sean K]

I would like to tip CNB for Jan comp (now $1.26 and looking to open higher)
• NLDD044 is the first drill hole to test the NLIP4 IP chargeability inversion anomaly
• Results are pending from a further RC/diamond hole drilled 80m to the northeast of NLDD044
• Results from numerous other holes drilled at Nil Desperandum, Lady Fanny and Burke & Wills prospects are also awaited

but; a lot has been put into the SP already, the likelihood of a TH to raise capital is likely (= downer), and there are reports that there are big delays in assays around the country

Will be interesting to see if this holds up today.

The risk is the next holes come up dirt and the SP goes back to pre-hole 44.

The cartoon they had in the ann of the IP anomaly looks pretty hot though.

Agree on the CR. They need cash soon and it's the SOP after a significant jump.

 

[Swervin Mervin]

No, but hope you did prior to...today's insanity?
Hit a high of $1.39
Another De Grey nearology play producing results.
Other De Grey nearology plays are CAD and KAI if interested...
CAD right next door ?

Have to laugh at some of the prospects names you hear... in this case "Lady Fanny", sounds like a James Bond character (Pussy Galore) ?

View attachment 134886

MAJOR COPPER GOLD DISCOVERY
41m @ 4.1% COPPER,
INCLUDING 9m @ 10.3% COPPER
AT GREATER DUCHESS PROJECT
1
ASX Announcement
29 December 2021
Fast Facts
Shares on Issue 118.1M
Market Cap (@ 73.5 cents) $86.8M
Cash $5.6M1
1As of 31 September 2021
Board and Management
Peter Bowler, Non-Exec Chairman Rob Watkins, Managing Director
Greg Barrett, Non-Exec Director &
Company Secretary
Paul Payne, Non-Exec Director
Company Highlights
 Proven and highly credentialed management team
 Tight capital structure and strong cash position
 Projects near to De Grey’s Hemi gold discovery on 442 km2 of highly
prospective tenure
 Greater Duchess Copper Gold Project, numerous camp scale IOCG deposits over 323 km2 of tenure
 100% ownership of the Tick Hill Gold Project (granted ML’s) in Qld, historically one of Australia highest grade and most profitable gold mines
 Past production of 511 koz at 22 g/t gold
 Indicated and Inferred Mineral
Resource of 207,000 t @ 6.71 g/t gold
for 44,600 ounces
 Proven and Probable Ore Reserves of 48,600 t @ 6.53 g/t gold for 10,200 ounces
Registered Office
78 Churchill Avenue Subiaco Western
Australia 6008
T: +61 8 9320 2320
www.carnabyresources.com.au
Carnaby Resources Limited (ASX: CNB) (Carnaby or the Company) is pleased to confirm a major copper gold discovery at the Nil Desperandum Prospect
within the Greater Duchess Copper Gold Project in Mt Isa, Queensland.

Highlights
• Assay results have been received for NLDD044 outlining an extremely high-grade copper gold discovery at Nil Desperandum. Results are;
41m @ 4.1% copper, 0.5 g/t gold from 247m
Incl. 24m @ 6.5% copper, 0.7g/t gold from 251m
Incl. 9m @ 10.3% copper, 1.2g/t gold from 264m
• NLDD044 is the first drill hole to test the NLIP4 Induced Polarisation (IP) chargeability inversion anomaly (Figure 1 & 2). The IP anomaly is almost certainly attributable to copper sulphide mineralisation.
• The high-grade copper intersection in NLDD044 remains completely open at depth and along strike to the southwest where the plunge of the mineralisation appears to be flattening (Figure 2).
• Results are pending from a further RC/diamond hole drilled 80m to the northeast of NLDD044, which intersected an 80m downhole zone of copper sulphide mineralisation (See ASX release 21 December 2021).
• Results from numerous other holes drilled at Nil Desperandum, Lady Fanny and Burke & Wills prospects are also awaited.
• Follow up exploration is being rapidly escalated with extensive IP surveys and multiple drill rigs locked in to commence in January 2022.

Yes in a few days ago at 60c mate. Just going to hold now to see what January brings. Consolidated well today, hoping it heads to $1.50 in the next week or so