Carnavale Resources Limited has released an investor presentation detailing updates on its Kookynie Gold Project in Western Australia. The presentation highlights the project's Swiftsure Scoping Study, which reports a net present value $(NPV)$ of A$188 million and an internal rate of return $(IRR)$ of 165% at a gold price of A$5,500 per ounce. The study projects an undiscounted cashflow of A$237 million and an all-in sustaining cost of A$2,824 per ounce recovered. The payback period is covered by 84% indicated resources from the open pit, with 50% of production expected to come from open pit operations. The company has commenced a Bankable Feasibility Study and is progressing towards securing a mining lease and heritage agreements. The report also includes an update on corporate capitalisation, shareholder structure, and planned project milestones. You can access the full presentation through the link below.