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Carnavale Corrects Gold Price Forecasts but Confirms Strong Kookynie Value
1:52pm on Tuesday 17th of February, 2026 AEDT
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Mining
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Carnavale Corrects Gold Price Forecasts but Confirms Strong Kookynie Value
1:52pm on Tuesday 17th of February, 2026 AEDT
Key Points
Retraction of overstated NPV and cashflow figures for gold prices above AUD 6,500/oz
Confirmed NPV of AUD 188 million and IRR of 165% at AUD 5,500/oz gold price
Ongoing feasibility study targeting mid-2026 completion
High-grade resource of 117,000 ounces at 4.3g/t gold with near-term production focus
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CARNAVALE RESOURCES (ASX:CAV)
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