Carnavale Doubles Kookynie Gold Value with $237m Cashflow Boost

• Updated JORC resource, 842kt at 4.3g/t Au for 117koz, including high-grade bonanza zone
• Scoping Study shows A$237m undiscounted cashflow, A$188m NPV8, and 165% IRR
• Initial mine life of 5 years with payback in 14 months, combining open pit and underground mining
• Completed $3m placement and underwritten entitlement offer to raise up to $4.09m