CARNAVALE RESOURCES LIMITED — Interim / Quarterly Report 2017

Jul 30, 2017

CARNAVALE RESOURCES LIMITED 31 July 2017

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QUARTERLY ACTIVITY REPORT

CARNAVALE RESOURCES

(A.C.N 119 450 243)

ASX Code: CAV Shares: 572M Options: 60.0M (Dec 2019 @ $0.02)

Directors

Ron Gajewski (Chairman)

Andrew Beckwith (MD) Rhett Brans (NED)

Carnavale Resources Limited, is an exploration and development company based in Perth, Western Australia.

For the period ended 30 June 2017

Carnavale Resources Limited (“CAV” or “the Company”) reports on activities completed during the quarter to 30 June 2017.

Highlights

Lake Roe Project – Au (100% CAV)

During the quarter, further in-house review of all available data was undertaken on the project in conjunction with recent results from other ASX listed companies in the region.

New Opportunities

During the quarter, the Company assessed and conducted due diligence on a number of prospective Cobalt (Co), Copper (Cu) and Gold (Au) Projects both within Australia and other prospective overseas regions. The projects range from early greenfields exploration to advanced near term resource potential.

Subsequent to the end of the Quarter, field visits were undertaken on two advanced Co-Cu projects and an Au project as part of the due diligence enquiries.

Corporate

Office

Level 2, Suite 9 389 Oxford Street Mount Hawthorn Western Australia 6016

The cash balance at the end of the quarter is $1.416 million.

Post

PO Box 281 Mount Hawthorn WA 6915

For further information contact:

Contact Details

Ph +61 8 9380 9098 Fax +61 8 9380 6761

Ron Gajewski Andrew Beckwith Chairman Director P: +61 8 9380 9098 P: +61 8 9380 9098

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www.carnavaleresources.com

CARNAVALE RESOURCES LIMITED 31 July 2017

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Appendix 1

Carnavale Resources Limited (ASX: CAV) provides the following addendum in relation to additional information required by Listing Rule 5.3.3.

Schedule of Mining Tenements, Beneficial Interests and agreements

Held as at the end of the Quarter

	Project/Location Country Tenement Percentage held/earning Roe Project – Western Australia Australia EL 28/2303 EL 28/2304 100% Schedule of Mining Tenements, Beneficial Interests and agreements Acquired during the Quarter
	Project/Location Country Tenement Percentage held/earning
	N/A.

Schedule of Mining Tenements, Beneficial Interests and agreements Disposed of during the Quarter

Project/Location	Country	Tenement	Percentage held/earning
N/A

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www.carnavaleresources.com