Carnaby Resources (ASX:CNB) mobilised for a 3,000-metre reverse circulation drilling programme at its flagship Greater Duchess Project in Mount Isa, Queensland.
The campaign follows the recent delivery of a pre-feasibility study in March, signalling a rapid pivot towards a definitive feasibility study and full-scale project development.
The primary objective of this programme is to test high-priority extensions at the Trekelano area, where the company has recently unearthed a string of exceptional high-grade results.
The drilling is specifically designed to chase extensions at the Trek 2 prospect, which previously yielded a standout intercept of 18m @ 5.0% CuEq.
Additionally, crews will investigate lateral extensions and footwall repetitions at Trek 1, building on previous intersections of 6m @ 12.6% CuEq.
The programme also includes high-stakes drilling at the Inheritance prospect to target its down-plunge potential, alongside testing the Trek Central structural target.
Managing Director Rob Watkins noted that these high-grade hits warrant immediate follow-up to expand the known resource footprint.
The latest exploration push underscores the company's commitment to unlocking the full value of the Greater Duchess mineralised system as it establishes a clear pathway towards production in one of Australia’s premier copper-gold provinces.
At the time of reporting, Carnaby Resources’ share price was $0.50.