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