Carnaby Secures 100% Ownership of Greater DuchessProject

• Carnaby to acquire Latitude 66 Limited’s joint venture interest in the Greater Duchess Copper Gold Joint Venture (JV) for total consideration constituting A$2 million in cash and A$4 million in fully paid ordinary shares in the Company to be issued at a deemed value of A$0.406 per share, giving Carnaby a 100% interest in the Greater Duchess Copper Gold Project joint venture tenements (Figure 1,