EXPLORATION & DEVELOPMENT

Carnaby expects Tick Hill gold venture to fly as market lays low

DESPITE “compelling” scoping numbers and “exceptional” prefeasibility results for its Tick Hill gold project in north west Queensland, Carnaby Resources is struggling to generate much headline market interest.

 Tick Hill in its early 1990s heyday

Tick Hill in its early 1990s heyday

A potential mining and toll treating arrangement at Tick Hill that's pegged to cost A$355,000 to get into production could generate net pre-tax cashflows of $21.7 million, based on a gold price of $2300/oz....

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