Jul 27, 2026 – 12.35pmEvolution Mining is expanding its footprint in Queensland’s historic Duchess copper mining district through the $213 million takeover of mining minnow Carnaby Resources, as the global energy transition underpins near-record prices for the highly conductive metal.The ASX’s second-largest gold company has been relatively quiet amid the deluge of deals struck within the sector over the past few years, sitting on the sidelines while rivals such as Genesis Minerals, Gold Fields, Westgold Resources and Northern Star Resources all inked transformative takeovers.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
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.
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