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- Last 2026-11-05
- A$0.79
- 1D
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- 1M
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- YTD
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- 1Y
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- Fair value
- Locked: sign in to view
- Upside
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- Mkt cap
- A$218.1M
- EV
- A$208.8M
- Cash
- A$9.4M
- Debt
- A$0
5 newer ASX announcements not yet reflected in this valuation
- Application for quotation of securities - CNBPost Cash Checkpoint Security Event
- Update - Proposed issue of securities - CNBPost Cash Checkpoint Security Event
- Quarterly Activities/Appendix 5B Cash Flow ReportLatest Four Activities Reports
- Results of Scheme MeetingMaterial Corporate Transaction
- Chair's Address to Scheme MeetingMaterial Corporate Transaction
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Sign in or enter a guest codeAnnouncements
Latest 12 of 21All sources ▸- Quarterly Activities/Appendix 5B Cash Flow ReportResults
- Carnaby Resources to be acquired by Evolution MiningCorporate Action
- Evolution agrees to acquire Carnaby ResourcesCorporate Action
- Proposed issue of securities - CNBFinancing
- Notification of cessation of securities - CNBGovernance
- Notification of cessation of securities - CNBGovernance
- Quarterly Activities/Appendix 5B Cash Flow ReportResults
- Presentation - An Afternoon with ORDS - CopperPresentation
- Greater Duchess Pre-Feasibility Study and Maiden Ore ReserveStudy
- Half Yearly Report and AccountsResults
- Quarterly Activities/Appendix 5B Cash Flow ReportResults
- Greater Duchess Mineral Resource UpdateResource Update
Event calendar · next 12 months
4 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| 2026-10-24 | Scheme voting proxy deadline | Transaction | Confirmed | Medium | Proxy participation determines the shareholder vote before the meeting. |
| 2026-10-26 | Carnaby shareholder scheme meeting | Transaction | Confirmed | High | The shareholder vote is the next binding hurdle for the Evolution acquisition. |
| 2026-11-01 to 2026-11-10 | Second court approval hearing | Transaction | Company Guided | High | Court approval remains a condition before the scheme can become effective. |
| 2026-11-09 to 2026-11-20 | Expected Evolution scheme implementation | Transaction | Company Guided | High | Completion would deliver fixed-ratio EVN shares and trigger the conditional Glencore agreement termination. |
Executive roster
As of 2026-09-26Background checks ▸The 2026 annual report names one executive director and one company secretary; it does not disclose other named senior executives. No later leadership change was identified in the selected releases.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Rob Watkins | Managing Director | Executive Director · Chief Executive | 2019-04-23 | Annual Report 2026 |
| Steven Bowler | Company Secretary | Company Secretary | 2023-05-08 | Annual Report 2026 |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Greater Duchess Copper Gold Project
Australia
PFS Developer100% ownedCopperGold
Core deposits and Trekelano owned outright; small South Hope and adjacent resource components remain 51%-owned through the Hammer Metals joint venture. The Evolution scheme is pending and Carnaby has deferred completion of its Glencore-based feasibility study while critical workstreams continue.
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Published study economicsIssuer or study metrics
NPVA$294M7% discount
IRR105%Published return
Initial capexA$35MPublished capital estimate
Operating cost140AUD/t ore
NPVA$322M7% discount
IRR281%Published return
Initial capexA$11MPublished capital estimate
Operating cost9,583AUD/t payable Cu AISC
Post-tax third-party-processing scoping-study case; superseded by the 2026 PFS.
Post-tax PFS base case using A$16,500/t copper and A$6,000/oz gold; project development assumes Glencore toll treatment.
Resources & reserves2
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Indicated and Inferred | 30.8M tonnes | 1.3% Cu, 0.3g/t Au and 1.6% CuEq; 415,000t contained Cu, 258,700oz Au and 482,800t CuEq | Copper · Gold | 2026-08-24 |
| Ore Reserve | Probable | 8.4M tonnes | 1.7% Cu, 0.3g/t Au and 1.9% CuEq; 164,300t contained CuEq | Copper · Gold | 2026-03-16 |
Tenements8
Milestones5
- Maiden Greater Duchess mineral resource
Achieved · High materiality
- PFS and maiden ore reserve
Achieved · High materiality
- Finalise Carnaby feasibility study
Delayed · Medium materiality
- Carnaby shareholder vote on Evolution scheme
Pending · High materiality
- Greater Duchess resource upgrade to 482,800t CuEq
Achieved · High materiality
Permits & approvals4
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| EPSL01703913 Mount Hope environmental authority | Queensland, Australia | Granted | — | No |
| EPSX00847513 Nil Desperandum and Lady Fanny environmental authority | Queensland, Australia | Granted | — | No |
| P-EA-100832203 Trekelano environmental authority | Queensland, Australia | Granted | — | No |
| Mining leases for Mount Hope, Nil Desperandum and Lady Fanny development areas | Queensland, Australia | Pending | — | Yes |
Economic studies2
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Greater Duchess Scoping Study | Scoping Study | Superseded | 2024-05-30 | Third-party processing base case with A$294m post-tax NPV7, A$35m pre-production capital and nine-year life. |
| Greater Duchess Pre-Feasibility Study | PFS | Current | 2026-03-16 | Toll-processing plan with A$322m base-price post-tax NPV7, A$11m pre-production capital and a 12-year target profile; final feasibility work was deferred under the Evolution scheme. |
Other
Western Australia Exploration Portfolio
Australia
Early ExplorerGoldLithiumCopper
Non-core portfolio comprising Mount Grant, Strelley, Big Hill, Malmac and Throssell. Ownership varies by asset, and the June 2026 quarterly reported no work during the period. No resource or decision-useful study was identified in the local evidence set.
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Audited unrestricted cash of A$9.392m, restricted guarantee deposits of A$1.372m and no drawn loan facility at 30 June. The A$9.527m FY26 loss and no commercial revenue mean Carnaby remains dependent on equity or transaction completion for standalone development.
Capital structure
Ownership and dilution
- Ordinary shares
- 276.1M
- Fully diluted
- 281.6M
The 30 June audited note reports 276,119,867 shares, three above the later 8 July Appendix 3H register total of 276,119,864. The later quoted-security total controls. There are 5,520,000 unlisted options, for 281,639,864 gross fully diluted shares; scheme option cancellation is EVN-funded. The conditional 28,572,245 Glencore shares are unissued and do not dilute existing holders before the scheme vote.
Security classes2
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| CNB ordinary fully paid shares quoted on ASX | Ordinary Share | 276.1M | — | — |
| Unlisted employee and director options with various exercise prices and expiries; intended to be cancelled for cash if the Evolution scheme becomes effective | Option | 5.5M | — | — |
Company guidance3
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Scheme Meeting Timing | Company | 26 October 2026, 11:00am AWST | — | — calendar timing | Current |
| Expected Scheme Implementation | Company | Early to mid November 2026, indicative and conditional | — | — calendar timing | Current |
| First Production Target | greater-duchess | H2 CY2026 | — | — calendar timing | Superseded |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-07-27 | RaisingOrdinary Fully Paid Shares | A$22M | 28.6M | — | Announced | Conditional issue after the scheme effective date but before the record date; not completed by the cutoff and excluded from current ordinary shares.Max 28.6M · Non-cash consideration for termination of the Glencore tolling and offtake agreements · Glencore International AG |
| 2024-11-28 | RaisingOrdinary Fully Paid Shares | A$17M | 54.8M | A$0.31 | Completed | A$17.0m two-tranche placement announced to fund Trekelano, the PFS, drilling and working capital; the announced share count was approximately 54.8m.Max 54.8M · From 2024-11-28 · Holder approval required |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
The latest annual report, original Glencore transaction release, ownership announcements and July scheme deed were reviewed for material live and conditional economic interests. No commodity or FX hedges were disclosed.
Glencore processes fresh sulphide ore under agreed but undisclosed tolling charge and schedules. The agreement is to terminate only if the Evolution scheme proceeds, for conditional Glencore shares.
Tolling Or Processing · Active- Counterparties
- Glencore International AG
- Applies to
- Greater Duchess Copper Gold Project · Copper · Gold
- Economic direction
- Mixed
- Period
- From 2024-11-28; no end date stated
- Key terms
- fresh sulphide ore: 100 percent
toll charge: — AUD/t ore
termination notice: 24 months
How it affects our valuation
No valuation treatment is available for this arrangement.
Glencore takes all fresh-sulphide concentrate on market-based payable-metal terms with commercial deductions not fully disclosed. Conditional scheme completion would terminate this arrangement.
Offtake · Active- Counterparties
- Glencore International AG
- Applies to
- Greater Duchess Copper Gold Project · Copper · Gold
- Economic direction
- Mixed
- Period
- From 2024-11-28; no end date stated
- Key terms
- concentrate offtake: 100 percent
realization adjustments: —
How it affects our valuation
No valuation treatment is available for this arrangement.
Carnaby owns 51% of the small South Hope and adjacent EPM26777 component and may earn 70%; the 49% minority interest is excluded from wholly attributable project economics.
Joint Venture · Active- Counterparties
- Hammer Metals Limited
- Applies to
- Greater Duchess Copper Gold Project · Copper · Gold
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- current Carnaby interest: 51 percent
earn-in ceiling: 70 percent
How it affects our valuation
No valuation treatment is available for this arrangement.
Carnaby acquired Latitude 66’s remaining 17.5% Greater Duchess joint-venture interest for cash and shares; this historic JV no longer burdens current project ownership.
Joint Venture · Terminated- Counterparties
- Latitude 66 Limited
- Applies to
- Greater Duchess Copper Gold Project · Copper · Gold
- Economic direction
- Benefit
- Period
- Through 2025-10-15; start date not stated
- Key terms
- interest acquired: 17.5 percent
How it affects our valuation
This arrangement has ended; no current valuation treatment is required.
Intrinsic value
Valuation
Valuation
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Sign in or enter a guest codeResource-price transmission
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Sensitivity lab
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Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
Research confirms Rob Watkins’s listed-company MD tenure, geology qualifications and past Agincourt/Beadell roles. During his tenure Carnaby delivered a Greater Duchess PFS, maiden ore reserve and resource growth, although those are development-stage milestones and model economics rather than realized production. Steven Bowler has served in accounting/commercial and company-secretary roles since 2020/2023, but his qualifications are not verified. Person-specific regulator, litigation, safety and environmental searches remain limited; exact-name unrelated cases were excluded.
Decision-relevant facts
Material summary
Rob Watkins
Managing Director
Company SuccessIssuer Reported · Medium materiality
Greater Duchess PFS, maiden reserve and resource growth delivered during MD tenure
Carnaby’s FY2026 annual report records release of the Greater Duchess PFS in March 2026, a maiden Probable Ore Reserve of 8.4 Mt at 1.9% CuEq, and an updated 30.8 Mt resource at 1.6% CuEq. It reports a base-case post-tax NPV7% of A$322m and 13-month payback as study estimates. Those economics are forward-looking study outcomes, not realized production or shareholder returns.
Role overlaps event; causation unproven · Watkins was MD during the reporting period; the report documents company outcomes but does not attribute geological or study work to him personally.
Annual Report 2026 · Operating and Financial Review, Greater Duchess PFS/resource/reserve milestones, lines 243–255
Role FitAnalyst Inference · Medium materiality
Geologist and exploration executive; listed-company MD since 2019
Carnaby reports Watkins holds a BSc (Hons) and MAusIMM and previously served as a founding Beadell executive and Agincourt exploration manager. The 2026 annual report says he served as MD throughout FY26 and was party to an employment agreement effective 23 April 2019.
Individual involvement documented · Appointment and company roles are directly documented; historic exploration outcomes are not individually allocated in reviewed materials.
Annual Report 2026 · Directors’ Report, director biographies and Executive Employment Agreement
Annual Report 2023 · Directors’ Report, p. 4
Acquisition of Tick Hill Gold Project and Board/Management Changes · Board and Management Changes, p. 7
Evidence gaps · 4
- Earlier employer dates and specific exploration discoveries/responsibilities at Beadell and Agincourt are not established.
- The PFS economic projections remain estimates; no independent review of execution readiness, funding and shareholder returns was conducted.
- No broad comparison of project outcomes, commodity price conditions or benchmarked total shareholder returns was prepared.
- No targeted official safety, environmental, court, ASIC, sanctions or professional-discipline registers were exhaustively searched.
Steven Bowler
Company Secretary
Role FitAnalyst Inference · Medium materiality
Finance and commercial role followed by company-secretary responsibilities
Carnaby disclosed in May 2023 that Bowler had been Accountant and Commercial Manager since 2020 and appointed him Joint Company Secretary effective immediately; its FY2023 report records 8 May 2023 and FY2026 report lists him as company secretary. The available profile identifies Curtin University attendance but does not substantiate a degree or qualification.
Individual involvement documented · The appointment announcement directly establishes corporate roles and ASX communications responsibilities; detailed finance credentials and prior career remain unverified.
Appointment of Joint Company Secretary · Appointment of Joint Company Secretary, p. 1
Annual Report 2023 · Corporate Directory and Company Secretaries, pp. 1 and 5
Annual Report 2026 · Corporate Directory and Company Secretary entry
Evidence gaps · 5
- The accessible profile does not state a degree, professional accounting designation, institute membership or course completion.
- Prior employers and full chronology before Carnaby are not established.
- No independent company-secretary professional credential or discipline-registry check completed.
- A same-name 2026 UK criminal story was excluded because no identifying link to this Perth professional was found; identity resolution is based on employer and location clues, not exhaustive checking.
- No comprehensive court, ASIC, sanctions, criminal-record, safety or environmental register screening was conducted.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-07-31 · 276,119,864 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 17.47% | 48,237,913 | |
| 2 | 5.00% | 13,808,336 | |
| 3 | 3.88% | 10,724,585 | |
| 4 | 3.55% | 9,793,127 | |
| 5 | 3.11% | 8,582,708 | |
| 6 | 3.01% | 8,298,704 | |
| 7 | 2.41% | 6,666,999 | |
| 8 | 2.35% | 6,483,871 | |
| 9 | 2.29% | 6,328,289 | |
| 10 | 1.63% | 4,500,000 | |
| 11 | 1.45% | 4,000,000 | |
| 12 | 1.38% | 3,805,927 | |
| 13 | 1.12% | 3,100,000 | |
| 14 | 0.91% | 2,500,000 | |
| 15 | 0.84% | 2,329,719 | |
| 16 | 0.75% | 2,059,179 | |
| 17 | 0.68% | 1,879,537 | |
| 18 | 0.66% | 1,830,000 | |
| 19 | 0.65% | 1,789,295 | |
| 20 | 0.56% | 1,540,000 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 13.72%Voting power | 2026-08-27 | |
| 6.13%Voting power | 2026-08-25 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- Latest complete registered-holder table is measured 31 July 2026; subsequent substantial-holder notices update named groups only.
Sources
- Annual Report 2026
ASX announcement / Carnaby Resources Limited · Published 2026-09-03 · Accessed 2026-10-09
Top-20 accounts; Queensland Critical Minerals Fund listed as holding 37,878,788 shares (13.72%) based on notices.
page 43, ASX Additional Information as at 31 July 2026, local copy downloads/CNB/2026/2026-09-03_Annual Report 2026_ab6b21e6522732fd.pdf
- Initial Substantial Holder Notice from EVN
ASX announcement / Carnaby Resources Limited · Published 2026-08-28 · Accessed 2026-10-09
Evolution Mining Limited and listed subsidiaries reported 37,878,788 shares and 13.72% voting power, becoming substantial on 27 August 2026.
Form 603, sections 1–2, local copy downloads/CNB/2026/2026-08-28_Initial Substantial Holder Notice from EVN_db5825d282628658.pdf
- Change in substantial holding
ASX announcement / Carnaby Resources Limited · Published 2026-08-27 · Accessed 2026-10-09
Trium Capital LLP and associated funds reported 16,936,277 shares and 6.13% voting power after changes on 25 August 2026.
Form 604, sections 1–2, local copy downloads/CNB/2026/2026-08-27_Change in substantial holding_722b93401f87e7c6.pdf
Disclosed activity
Insider transactions
Trading activity9 buys · 8 sells shownNet cash last 12 months A$2.9mShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-08-25 | Trium Khartes Master Fund LimitedTrium Khartes Master Fund Limited
Details & evidence for Trium Khartes Master Fund Limited on 2026-08-25As disclosed: TKMFL: increase in position, 882624 ordinary shares for AUD 894,818.99.
Change in substantial holding ↗ | PurchaseOrdinary shares | 882,624 | AUD 894,818.99 | AUD 1.013817Calculated average | — |
| 2026-08-25 | Trium Capital Segregated PortfolioTrium Capital Segregated Portfolio
Details & evidence for Trium Capital Segregated Portfolio on 2026-08-25As disclosed: Trium Capital Segregated Portfolio: increase in position, 563987 ordinary shares for AUD 571,779.45.
Change in substantial holding ↗ | PurchaseOrdinary shares | 563,987 | AUD 571,779.45 | AUD 1.013817Calculated average | — |
| 2026-08-25 | Squarepoint Diversified Partner Fund LtdSquarepoint Diversified Partner Fund Ltd
Details & evidence for Squarepoint Diversified Partner Fund Ltd on 2026-08-25As disclosed: SQPT: increase in position, 156755 ordinary shares for AUD 158,920.85.
Change in substantial holding ↗ | PurchaseOrdinary shares | 156,755 | AUD 158,920.85 | AUD 1.013817Calculated average | — |
| 2026-08-25 | SEI Multi-Strategy Fund SPCSEI Multi-Strategy Fund SPC
Details & evidence for SEI Multi-Strategy Fund SPC on 2026-08-25As disclosed: SEI: increase in position, 112401 ordinary shares for AUD 113,954.02.
Change in substantial holding ↗ | PurchaseOrdinary shares | 112,401 | AUD 113,954.02 | AUD 1.013817Calculated average | — |
| 2026-08-25 | Maple Leaf Patriot Core LLCMaple Leaf Patriot Core LLC
Details & evidence for Maple Leaf Patriot Core LLC on 2026-08-25As disclosed: MLPC: increase in position, 213914 ordinary shares for AUD 216,869.60.
Change in substantial holding ↗ | PurchaseOrdinary shares | 213,914 | AUD 216,869.60 | AUD 1.013817Calculated average | — |
| 2026-08-25 | FMAP TRM LtdFMAP TRM Ltd
Details & evidence for FMAP TRM Ltd on 2026-08-25As disclosed: FMAP TRM: increase in position, 323762 ordinary shares for AUD 328,235.33.
Change in substantial holding ↗ | PurchaseOrdinary shares | 323,762 | AUD 328,235.33 | AUD 1.013817Calculated average | — |
| 2026-08-25 | Eagle Harbor Multi-Strategy Master Fund LimitedEagle Harbor Multi-Strategy Master Fund Limited
Details & evidence for Eagle Harbor Multi-Strategy Master Fund Limited on 2026-08-25As disclosed: Eagle Harbor: increase in position, 342263 ordinary shares for AUD 346,991.94.
Change in substantial holding ↗ | PurchaseOrdinary shares | 342,263 | AUD 346,991.94 | AUD 1.013817Calculated average | — |
| 2026-08-25 | Chi-Rho Multi-Strategy Master Fund LtdChi-Rho Multi-Strategy Master Fund Ltd
Details & evidence for Chi-Rho Multi-Strategy Master Fund Ltd on 2026-08-25As disclosed: Chi-Rho: increase in position, 78546 ordinary shares for AUD 79,631.24.
Change in substantial holding ↗ | PurchaseOrdinary shares | 78,546 | AUD 79,631.24 | AUD 1.013817Calculated average | — |
| 2026-08-25 | AIS Acadia Master Fund LtdAIS Acadia Master Fund Ltd
Details & evidence for AIS Acadia Master Fund Ltd on 2026-08-25As disclosed: AIS: increase in position, 217864 ordinary shares for AUD 220,874.16.
Change in substantial holding ↗ | PurchaseOrdinary shares | 217,864 | AUD 220,874.16 | AUD 1.013817Calculated average | — |
| 2025-09-15 | United Super Pty LtdUnited Super Pty Ltd
Details & evidence for United Super Pty Ltd on 2025-09-15As disclosed: United Super cash disposal 7904821 shares; inferred sale direction from the Form 605 cessation schedule and closing balance.
Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 7,904,821 | AUD 2,296,350.50 | AUD 0.2905Calculated average | — |
| 2025-09-12 | United Super Pty LtdUnited Super Pty Ltd
Details & evidence for United Super Pty Ltd on 2025-09-12As disclosed: United Super cash disposal 113042 shares; inferred sale direction from the Form 605 cessation schedule and closing balance.
Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 113,042 | AUD 33,912.60 | AUD 0.3Calculated average | — |
| 2025-09-11 | United Super Pty LtdUnited Super Pty Ltd
Details & evidence for United Super Pty Ltd on 2025-09-11As disclosed: United Super cash disposal 14000 shares; inferred sale direction from the Form 605 cessation schedule and closing balance.
Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 14,000 | AUD 4,200.00 | AUD 0.3Calculated average | — |
| 2025-09-10 | United Super Pty LtdUnited Super Pty Ltd
Details & evidence for United Super Pty Ltd on 2025-09-10As disclosed: United Super cash disposal 277376 shares; inferred sale direction from the Form 605 cessation schedule and closing balance.
Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 277,376 | AUD 83,212.80 | AUD 0.3Calculated average | — |
| 2025-09-09 | United Super Pty LtdUnited Super Pty Ltd
Details & evidence for United Super Pty Ltd on 2025-09-09As disclosed: United Super cash disposal 919784 shares; inferred sale direction from the Form 605 cessation schedule and closing balance.
Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 919,784 | AUD 275,935.20 | AUD 0.3Calculated average | — |
| 2023-05-23 | Regal Funds Management Pty Ltd and Regal Partners LimitedRegal Funds Management Pty Ltd and Regal Partners Limited
Details & evidence for Regal Funds Management Pty Ltd and Regal Partners Limited on 2023-05-23As disclosed: Regal Funds Management reported sell of 200521 ordinary shares for AUD 257,128.08.
Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 200,521 | AUD 257,128.08 | AUD 1.2823Calculated average | — |
| 2023-05-23 | Regal Funds Management Pty Ltd and Regal Partners LimitedRegal Funds Management Pty Ltd and Regal Partners Limited
Details & evidence for Regal Funds Management Pty Ltd and Regal Partners Limited on 2023-05-23As disclosed: Regal Funds Management reported sell of 19227 ordinary shares for AUD 24,214.48.
Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 19,227 | AUD 24,214.48 | AUD 1.2594Calculated average | — |
| 2023-05-22 | Regal Funds Management Pty Ltd and Regal Partners LimitedRegal Funds Management Pty Ltd and Regal Partners Limited
Details & evidence for Regal Funds Management Pty Ltd and Regal Partners Limited on 2023-05-22As disclosed: Regal Funds Management reported sell of 20000 ordinary shares for AUD 24,748.00.
Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 20,000 | AUD 24,748.00 | AUD 1.2374Calculated average | — |
Disclosed holding observations2 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2026-08-25 | Trium Capital LLP
Details & evidence for Trium Capital LLP on 2026-08-25Snapshot only; excluded from transaction totals.
Trium Khartes Master Fund Limited · controlled/associated fund; Trium Capital reports voting and disposal power Chi-Rho Multi-Strategy Master Fund Ltd · controlled/associated fund; Trium Capital reports voting and disposal power AIS Acadia Master Fund Ltd · controlled/associated fund; Trium Capital reports voting and disposal power Maple Leaf Patriot Core LLC · controlled/associated fund; Trium Capital reports voting and disposal power Eagle Harbor Multi-Strategy Master Fund Limited · controlled/associated fund; Trium Capital reports voting and disposal power Trium Capital Segregated Portfolio · controlled/associated fund; Trium Capital reports voting and disposal power SEI Multi-Strategy Fund SPC · controlled/associated fund; Trium Capital reports voting and disposal power FMAP TRM Ltd · controlled/associated fund; Trium Capital reports voting and disposal power Squarepoint Diversified Partner Fund Ltd · controlled/associated fund; Trium Capital reports voting and disposal power Change in substantial holding ↗ | PositionOrdinary shares | 16,936,277 | — |
| 2025-09-15 | United Super Pty Ltd
Details & evidence for United Super Pty Ltd on 2025-09-15Snapshot only; excluded from transaction totals.
Ceasing to be a substantial holder ↗ | PositionOrdinary shares | 6,900,010 | — |
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Narrative and provenance
Research & Sources
AI Analyst Report
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Sign in or enter a guest codeChronological evidenceSource-document inventory30 documents
Dispatch of Scheme BookletTransaction · HighExtracted
Carnaby confirms completed dispatch, BDO fair-and-reasonable conclusion, continuing unanimous board support and the 26 October scheme meeting.
- Document ID
- scheme-dispatch-2026
- Published UTC
- 2026-09-25T06:22:00Z
- Projects
- greater-duchess
- Commodities
- copper · gold
CNB ordinary-share ASX close on 25 September 2026Market Data · HighExtracted
Latest eligible local close from data/asx_mining_companies.db selected by miners.reference_price; market data provider via miners.collect_stock_prices.
- Document ID
- cnb-close-2026-09-25
- Published UTC
- 2026-09-25T06:10:00Z
- Projects
- —
- Commodities
- —
Evolution Mining ASX close on 25 September 2026Market Data · HighExtracted
External historical quote shows an EVN close of A$13.71 on 25 September 2026; a separate Stock Analysis history row differs by A$0.01, which is immaterial to the calculated scheme mark.
- Document ID
- evn-close-2026-09-25
- Published UTC
- 2026-09-25T06:10:00Z
- Projects
- —
- Commodities
- —
Scheme Booklet registered with ASICTransaction · HighMetadata Only
The 425-page scheme booklet was registered with ASIC. Its full text could not be reliably extracted in this run; the 25 September issuer dispatch release supplies the material procedural facts used here.
- Document ID
- scheme-booklet-2026
- Published UTC
- 2026-09-21T07:39:00Z
- Projects
- greater-duchess
- Commodities
- —
Annual Report 2026Results · HighExtracted
Audited FY26 report confirms pre-production status, cash, loss, executive roster, share reconciliation and the 24 August 2026 Greater Duchess resource update.
- Document ID
- annual-report-2026
- Published UTC
- 2026-09-03T08:12:00Z
- Projects
- greater-duchess · western-australia-portfolio
- Commodities
- copper · gold
Quarterly Activities/Appendix 5B Cash Flow ReportResults · HighExtracted
Latest quarterly reported the Evolution scheme, A$9.392m unrestricted cash, A$1.372m restricted cash and a 76-cent reference price.
- Document ID
- june-2026-quarterly
- Published UTC
- 2026-07-29T23:10:29Z
- Projects
- greater-duchess · western-australia-portfolio
- Commodities
- copper · gold · lithium
Carnaby Resources to be acquired by Evolution MiningCorporate Action · HighExtracted
Binding scheme implementation deed for Evolution to acquire Carnaby with fixed scrip consideration, subject to shareholder, court, regulatory and other conditions.
- Document ID
- evolution-scheme-cnb-2026
- Published UTC
- 2026-07-26T22:49:09Z
- Projects
- greater-duchess · western-australia-portfolio
- Commodities
- copper · gold · lithium
Evolution agrees to acquire Carnaby ResourcesCorporate Action · HighExtracted
Evolution's announcement confirms the acquisition rationale and potential integration of Greater Duchess into Ernest Henry.
- Document ID
- evolution-scheme-evn-2026
- Published UTC
- 2026-07-26T22:49:34Z
- Projects
- greater-duchess
- Commodities
- copper · gold
Proposed issue of securities - CNBFinancing · HighExtracted
Conditional proposed issue of 28.572m shares to Glencore for termination of tolling and offtake agreements; no shares had been issued by cutoff.
- Document ID
- glencore-proposed-shares-2026
- Published UTC
- 2026-07-26T22:50:04Z
- Projects
- greater-duchess
- Commodities
- copper · gold
Notification of cessation of securities - CNBGovernance · LowExtracted
Lapse of 75,000 A$0.59 unlisted options, leaving 5.520m options.
- Document ID
- options-cessation-july-2026
- Published UTC
- 2026-07-08T07:38:50Z
- Projects
- —
- Commodities
- —
Notification of cessation of securities - CNBGovernance · LowExtracted
Lapse of 300,000 A$0.73 unlisted options, leaving 5.595m options.
- Document ID
- options-cessation-may-2026
- Published UTC
- 2026-05-11T05:41:12Z
- Projects
- —
- Commodities
- —
Quarterly Activities/Appendix 5B Cash Flow ReportResults · HighExtracted
March 2026 quarterly restated PFS economics and reported A$11.583m unrestricted cash, later superseded.
- Document ID
- march-2026-quarterly
- Published UTC
- 2026-04-28T22:19:06Z
- Projects
- greater-duchess
- Commodities
- copper · gold
Notification regarding unquoted securities - CNBGovernance · LowExtracted
Issue of 300,000 employee options at A$0.70; exact ASX publication time was unavailable in the local metadata.
- Document ID
- options-issue-april-2026
- Published UTC
- 2026-04-21T14:00:00Z
- Projects
- —
- Commodities
- —
Presentation - An Afternoon with ORDS - CopperPresentation · MediumExtracted
March 2026 investor presentation restating the current PFS, reserve and development plan.
- Document ID
- ords-presentation-2026
- Published UTC
- 2026-03-25T01:23:30Z
- Projects
- greater-duchess
- Commodities
- copper · gold
Greater Duchess Pre-Feasibility Study and Maiden Ore ReserveStudy · HighExtracted
Current PFS and maiden probable reserve for a toll-treated Greater Duchess mine plan.
- Document ID
- pfs-2026
- Published UTC
- 2026-03-15T22:15:38Z
- Projects
- greater-duchess
- Commodities
- copper · gold
Half Yearly Report and AccountsResults · MediumExtracted
Half-year statutory financials confirmed 276.12m shares and A$14.603m cash at 31 December 2025, later superseded by the June quarterly.
- Document ID
- half-year-2026
- Published UTC
- 2026-03-05T04:50:06Z
- Projects
- greater-duchess · western-australia-portfolio
- Commodities
- copper · gold · lithium
Notification regarding unquoted securities - CNBGovernance · LowExtracted
Issue of 300,000 employee options at A$0.73; exact ASX publication time was unavailable in the local metadata.
- Document ID
- options-issue-march-2026
- Published UTC
- 2026-03-02T13:00:00Z
- Projects
- —
- Commodities
- —
Quarterly Activities/Appendix 5B Cash Flow ReportResults · MediumExtracted
December 2025 quarterly reported the updated resource and A$14.603m unrestricted cash, later superseded.
- Document ID
- december-2025-quarterly
- Published UTC
- 2026-01-29T21:32:29Z
- Projects
- greater-duchess
- Commodities
- copper · gold
Greater Duchess Mineral Resource UpdateResource Update · HighExtracted
Current Greater Duchess mineral resource estimate of 29.2Mt at 1.5% CuEq.
- Document ID
- mre-update-2026
- Published UTC
- 2026-01-26T21:43:43Z
- Projects
- greater-duchess
- Commodities
- copper · gold
Notification regarding unquoted securities - CNBGovernance · LowExtracted
Issue of 1.575m employee options; exact ASX publication time was unavailable in the local metadata.
- Document ID
- options-issue-december-2025
- Published UTC
- 2025-12-15T13:00:00Z
- Projects
- —
- Commodities
- —
Quarterly Activities/Appendix 5B Cash Flow ReportResults · MediumExtracted
September 2025 quarterly reported progress on the PFS and A$6.92m unrestricted cash, later superseded.
- Document ID
- september-2025-quarterly
- Published UTC
- 2025-10-30T22:27:52Z
- Projects
- greater-duchess
- Commodities
- copper · gold
Annual Report 2025Results · MediumExtracted
FY2025 statutory report and project review; financial balances were superseded by later interim and quarterly reports.
- Document ID
- annual-report-2025
- Published UTC
- 2025-09-26T04:55:48Z
- Projects
- greater-duchess · western-australia-portfolio
- Commodities
- copper · gold · lithium
Trekelano Acquisition CompletesTransaction · HighExtracted
Trekelano acquisition completed, adding three granted mining leases to Greater Duchess.
- Document ID
- trekelano-completion-2025
- Published UTC
- 2025-08-18T23:21:54Z
- Projects
- greater-duchess
- Commodities
- copper · gold
Carnaby Secures 100% Ownership of Greater Duchess ProjectTransaction · HighExtracted
Agreement to acquire Latitude 66's 17.5% joint-venture interest, moving core Greater Duchess tenements to 100% Carnaby ownership.
- Document ID
- duchess-ownership-2025
- Published UTC
- 2025-07-30T22:34:23Z
- Projects
- greater-duchess
- Commodities
- copper · gold
Quarterly Activities/Appendix 5B Cash Flow ReportResults · MediumExtracted
June 2025 quarterly reported A$15.8m cash and ongoing Greater Duchess PFS work; exact ASX release time was unavailable in the local metadata.
- Document ID
- june-2025-quarterly
- Published UTC
- 2025-07-29T14:00:00Z
- Projects
- greater-duchess
- Commodities
- copper · gold
Trekelano Acquisition, Tolling & Offtake and Capital RaiseTransaction · HighExtracted
Carnaby agreed to acquire Trekelano, signed a Glencore tolling and offtake term sheet, and announced a placement.
- Document ID
- trekelano-glencore-transaction-2024
- Published UTC
- 2024-11-27T22:36:02Z
- Projects
- greater-duchess
- Commodities
- copper · gold
Presentation - Trekelano Acquisition & Glencore Term SheetPresentation · MediumExtracted
Investor presentation supporting the Trekelano acquisition and Glencore processing strategy.
- Document ID
- trekelano-presentation-2024
- Published UTC
- 2024-11-27T22:36:22Z
- Projects
- greater-duchess
- Commodities
- copper · gold
Scoping Study Results Greater Duchess ProjectStudy · HighExtracted
Superseded 2024 scoping study favoured third-party processing with a low-capital start.
- Document ID
- scoping-study-2024
- Published UTC
- 2024-05-29T23:21:16Z
- Projects
- greater-duchess
- Commodities
- copper · gold
Greater Duchess Project Scoping Study UpdateStudy · MediumExtracted
Scoping work compared standalone processing with third-party toll treatment and was subsequently superseded.
- Document ID
- scoping-update-2023
- Published UTC
- 2023-12-03T22:21:01Z
- Projects
- greater-duchess
- Commodities
- copper · gold
Greater Duchess Maiden Mineral ResourceResource Update · HighExtracted
Maiden 2023 Greater Duchess resource, later superseded by the January 2026 estimate.
- Document ID
- maiden-mre-2023
- Published UTC
- 2023-10-26T22:32:34Z
- Projects
- greater-duchess
- Commodities
- copper · gold
Evidence facts78
21800000 tonnes
2023-10-27315400 tonnes CuEq
2023-10-27294000000 AUD
2024-05-3035000000 AUD
2024-05-305200000 tonnes
2024-11-2817000000 AUD
2024-11-289000000 AUD
2024-11-2817.5 %
2025-07-316000000 AUD
2025-07-31100 %
2025-08-198700000 AUD
2025-08-191300000 AUD
2025-08-191575000 options
2025-12-155295000 options
2025-12-1629200000 tonnes
2026-01-271.3 % Cu
2026-01-270.2 g/t Au
2026-01-27380300 tonnes Cu
2026-01-27230200 oz Au
2026-01-27440500 tonnes CuEq
2026-01-27300000 options
2026-03-035595000 options
2026-03-03322000000 AUD
2026-03-16457000000 AUD
2026-03-1011000000 AUD
2026-03-1624000000 AUD
2026-03-1612 years
2026-03-1615000 tonnes CuEq per year
2026-03-1616500 AUD/t Cu
2026-03-166000 AUD/oz Au
2026-03-1618200 AUD/t Cu
2026-03-107300 AUD/oz Au
2026-03-108400000 tonnes
2026-03-161.9 % CuEq
2026-03-16141000 tonnes Cu
2026-03-1662000 oz Au
2026-03-169583 AUD/t payable Cu
2026-03-1686 %
2026-03-16300000 options
2026-04-225895000 options
2026-04-22300000 options
2026-05-085595000 options
2026-05-1175000 options
2026-07-085520000 options
2026-07-08276119864 shares
2026-07-080.0682 EVN shares per CNB share
2026-07-270.772 AUD/share
2026-07-2411.29 AUD/share
2026-07-240.48 AUD/share
2026-07-2428572245 shares
2026-07-27late October to early November 2026 None
2026-07-2710000 tonnes Cu per year
2026-07-2728572245 shares
2026-07-2722000000 AUD
2026-07-2710764000 AUD
2026-06-309392000 AUD
2026-06-301372000 AUD
2026-06-300 AUD
2026-06-304 quarters
2026-06-300.76 AUD/share
2026-07-309391670 AUD
2026-06-301372432 AUD
2026-06-309527139 AUD
2026-06-30276119867 shares
2026-06-305520000 options
2026-07-0830800000 tonnes
2026-08-24482800 tonnes CuEq
2026-08-2417600000 tonnes
2026-08-24True None
2026-06-30Rob Watkins None
2026-09-03Steven Bowler None
2026-09-03True None
2026-09-25fair and reasonable and in shareholders best interests absent superior proposal None
2026-09-252026-10-26 None
2026-09-252026-10-24 None
2026-09-250.925 AUD/share
2026-09-25611455 shares
2026-09-2513.71 AUD/share
2026-09-25Conflicts requiring judgment2
- cash and restricted cash at 30 June 2026
The A$10.764m headline total includes A$1.372m restricted cash; the Appendix 5B A$9.392m balance is unrestricted cash and is selected for the cash field.
- ordinary shares on issue
The audited note totals 276,119,867 at 30 June while the later July Appendix 3H reports 276,119,864 quoted ordinary shares. The later ASX security register observation controls the current denominator; the three-share difference is immaterial but disclosed.