Evolution Mining to acquire Carnaby Resources, boosting copper at Ernest Henry

Evolution expands Queensland copper footprint with $213m Carnaby takeover

The cash-rich gold miner has pounced on the copper junior with a plan to get more out of Evolution’s under-utilised Ernest Henry processing mill.

Evolution adds to copper ground with $213m for Carnaby

Evolution Mining has scooped up copper and gold play Carnaby Resources as the Subiaco-based explorer closes in on a final investment decision for its Greater Duchess project in far-north Queensland.

Evolution Mining to acquire Carnaby Resources, boosting copper at Ernest Henry

This mining giant is increasing its exposure to the booming copper price. The post Evolution Mining to acquire Carnaby Resources, boosting copper at Ernest Henry appeared first on The Motley Fool Australia.

Evolution expands copper growth pipeline

Image: Evolution Mining.Evolution Mining has agreed to acquire Carnaby Resources in a $213 million transaction that adds the advanced Greater Duchess copper project to its growing north-west Queensland portfolio. The acquisition, to be completed through a Scheme of Arrangement, will see Evolution acquire 100 per cent of Carnaby, with shareholders to receive 0.0682 new Evolution shares for each Carnaby share held. The offer implies a value of $0.…

Lunch Wrap: Tech lifts ASX over 1pc as Evolution pounces on Carnaby

Tech led as Brent backed off, while Santos, Evolution, Lynas and Vulcan kept investors busy. ... The post Lunch Wrap: Tech lifts ASX over 1pc as Evolution pounces on Carnaby appeared first on Stockhead.

Carnaby soars as Evolution pounces with $213m offer

Shares in Subiaco-based ASX junior Carnaby Resources soared this morning, after ASX gold heavyweight Evolution Mining announced a $213 million all-scrip takeover bid.