Can Carnaby's Scoping Study Chart a New Course for Greater Duchess?
Carnaby Resources Explores Greater Duchess: A Mining Odyssey in the Making
Carnaby Resources Limited (ASX: CNB), a prominent figure in the mining sector, is actively unfolding the narrative of its Greater Duchess Copper Gold Project located in the heart of Mt Isa, Queensland. Led by a distinguished team and boasting significant mineral deposits, Carnaby is forging ahead with its Scoping Study.
What & Where?
The Scoping Study aims to explore potential mine development scenarios and assess processing options for the Greater Duchess Project, covering over 1,921 km² in the Mt Isa inlier, Queensland. This study delves into the standalone development concept versus leveraging third-party processing facilities in the region.
When?
With the study slated for completion in the first quarter of 2024, Carnaby is navigating an intricate mining landscape, carefully evaluating strategies that could define the project's trajectory.
Why & How?
The crux lies in identifying the optimal pathway – weighing standalone development against third-party processing. Carnaby is actively engaging with various processing facilities in the region to ascertain the most economically viable route for Greater Duchess.
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Additionally, the company is conducting metallurgical test work in collaboration with Glencore International AG to assess ore potential.
Where to Next?
Greater Duchess is strategically positioned, surrounded by top-notch infrastructure and a seasoned workforce, setting the stage for a potential mining marvel. The study's anticipated outcomes may pave the way for a Pre-feasibility Study in early 2024, further solidifying Carnaby's aspirations in the battery metals-driven copper domain.
Carnaby's Greater Duchess saga holds promise for a significant milestone in the mining realm, offering a glimpse into a project poised to make a substantial mark in the industry's landscape. With the ongoing Scoping Study and a vision for the future, Carnaby Resources propels itself toward a defining chapter in the world of copper and gold mining.
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