Street Talk

Carnaby kicks off $15m raise to fund acquisition; Glencore cornerstone

Sarah Thompson, Kanika Sood and Emma Rapaport

Nov 26, 2024 – 10.29am

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WA copper and gold explorer Carnaby Resources had its broker rounding up investors for a $15 million placement on Tuesday morning to fund the acquisition of the Trekelano copper mine.

Lead and copper smelters dominate the skyline of Mount Isa. Paul Harris

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.