Carnavale secures mining lease for Kookynie gold project
ASX-listed Carnavale Resources has been granted mining lease M40/362, which hosts all the mineral resources at its Kookynie gold project (KGP) in Western Australia.
The granted lease contains the Swiftsure and Tiptoe high-grade gold resources and is surrounded by the larger exploration tenement E40/355.
“It is very pleasing to have hit another milestone on our path to production, with the granting of the mining lease for the Kookynie gold project," said Carnavale CEO Humphrey Hale. "This keeps Carnavale on track to complete the BFS mid-year and bring the KGP to a shovel ready project by the third quarter of this year,” Hale said.
The company is currently undertaking an extensive drilling programme to support the ongoing bankable feasibility study (BFS). A reverse circulation rig and a diamond rig are operating on site, with an additional reverse circulation rig expected to arrive shortly.
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