Evolution Takeover Deal Unlocks More Land to Explore

Dow Jones07-27 10:29

0229 GMT - Evolution Mining gets not just more copper ore from Carnaby Resources' Greater Duchess project under an agreed takeover, but "perhaps more importantly in our view access to significant underexplored acreage," says MA Moelis Australia. The 213 million Australian dollars deal is a modest investment for A$23-billion Evolution, it says. For Carnaby, "this deal represents value recognition by another corporate that the market was unwilling to pay," MA says. It keeps a buy rating and A$1.10 target on Carnaby shares. MA says investors should continue to hold the stock in case any further corporate activity arises, even if it appears unlikely at this stage. Shares in Carnaby are up 60% at A$0.77. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

July 26, 2026 22:29 ET (02:29 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2654954870?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-27 10:29","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2654954870","market":"nz","top_or_hot":-1,"title":"Evolution Takeover Deal Unlocks More Land to Explore","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0229 GMT - <a href=\"https://laohu8.com/S/EVN.AU\">Evolution Mining</a> gets not just more copper ore from Carnaby Resources' Greater Duchess project under an agreed takeover, but \"perhaps more importantly in our view access to significant underexplored acreage,\" says MA <a href=\"https://laohu8.com/S/MOE.AU\">Moelis Australia</a>. The 213 million Australian dollars deal is a modest investment for A$23-billion Evolution, it says. For Carnaby, \"this deal represents value recognition by another corporate that the market was unwilling to pay,\" MA says. It keeps a buy rating and A$1.10 target on Carnaby shares. MA says investors should continue to hold the stock in case any further corporate activity arises, even if it appears unlikely at this stage. Shares in Carnaby are up 60% at A$0.77. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 26, 2026 22:29 ET (02:29 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Evolution Takeover Deal Unlocks More Land to Explore</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEvolution Takeover Deal Unlocks More Land to Explore\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-27 10:29</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0229 GMT - <a href=\"https://laohu8.com/S/EVN.AU\">Evolution Mining</a> gets not just more copper ore from Carnaby Resources' Greater Duchess project under an agreed takeover, but \"perhaps more importantly in our view access to significant underexplored acreage,\" says MA <a href=\"https://laohu8.com/S/MOE.AU\">Moelis Australia</a>. The 213 million Australian dollars deal is a modest investment for A$23-billion Evolution, it says. For Carnaby, \"this deal represents value recognition by another corporate that the market was unwilling to pay,\" MA says. It keeps a buy rating and A$1.10 target on Carnaby shares. MA says investors should continue to hold the stock in case any further corporate activity arises, even if it appears unlikely at this stage. Shares in Carnaby are up 60% at A$0.77. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 26, 2026 22:29 ET (02:29 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CNB.AU","symbol_name":"CARNABY RESOURCES LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2654954870","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2654954870","pubTimestamp":1785119340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0229 GMT - Evolution Mining gets not just more copper ore from Carnaby Resources' Greater Duchess project under an agreed takeover, but \"perhaps more importantly in our view access to significant underexplored acreage,\" says MA Moelis Australia. The 213 million Australian dollars deal is a modest investment for A$23-billion Evolution, it says. For Carnaby, \"this deal represents value recognition by another corporate that the market was unwilling to pay,\" MA says. It keeps a buy rating and A$1.10 target on Carnaby shares. MA says investors should continue to hold the stock in case any further corporate activity arises, even if it appears unlikely at this stage. Shares in Carnaby are up 60% at A$0.77.  Dow Jones NewswiresJuly 26, 2026 22:29 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CNB.AU":"CARNABY RESOURCES LTD","EVN.AU":"EVOLUTION MINING LTD","BK7095":"多种金属与采矿","EPM":"Evolution Petroleum","BK7506":"金矿股","BK7104":"黄金","BK4213":"石油与天然气的勘探与生产"},"translate_title":"Evolution 收购交易释放更多可供探索的土地","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EVN.AU":0.9,"CNB.AU":0.9,"EPM":1.5},"content_text":"0229 GMT - Evolution Mining gets not just more copper ore from Carnaby Resources' Greater Duchess project under an agreed takeover, but \"perhaps more importantly in our view access to significant underexplored acreage,\" says MA Moelis Australia. The 213 million Australian dollars deal is a modest investment for A$23-billion Evolution, it says. For Carnaby, \"this deal represents value recognition by another corporate that the market was unwilling to pay,\" MA says. It keeps a buy rating and A$1.10 target on Carnaby shares. MA says investors should continue to hold the stock in case any further corporate activity arises, even if it appears unlikely at this stage. Shares in Carnaby are up 60% at A$0.77. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 26, 2026 22:29 ET (02:29 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2654954870","isCrawlerRequest":true}