Field programs begin in earnest

摘要

AFTER MORE THAN 12 months reviewing opportunities in the field, recently-listed Carnavale Resources Ltd has added a high-grade molybdenum project to its portfolio of assets in Brazil, having completed due diligence and a definitive agreement to acquire the project. The Frei Martinho project, located in Paraiba State, has a combined area of 1,996 hectares and will be acquired from Metal Land Capital Brasil for a consideration of 4 million US dollars cash and the issue of one million fully paid ordinary Carnavale shares.