Carnavale Resources Ltd CEO Humphrey Hale talked with Proactive about progress at the company’s high-grade Kookynie Gold Project (KGP) in Western Australia, following a productive December 2026 quarter.
The company completed a key heritage agreement, enabling heritage survey work to be undertaken and clearing to commence on drill pads required for upcoming metallurgical, geotechnical and infill drilling.
The BFS aims to demonstrate mineability and deliver a shovel-ready project status. Hale said the project valuation currently exceeds A$300 million with cash flow potential above A$400 million, compared to a market cap of around A$50–60 million, highlighting strong value upside.
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