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Carnavale Raises $7.1M to Propel Kookynie Gold Project Toward Production

10:22am on Monday 6th of October, 2025 AEDT Mining
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Carnavale Raises $7.1M to Propel Kookynie Gold Project Toward Production

10:22am on Monday 6th of October, 2025 AEDT
Key Points
  • Placement raises approximately $3 million at $0.0035 per share
  • Underwritten non-renounceable rights issue to raise up to $4.09 million
  • Board restructure with Andy Beckwith appointed Non-Executive Chairman
  • Bankable Feasibility Study initiated to achieve shovel-ready status
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