Scheme Completed
Evolution Mining acquisition of Carnaby Resources
A$213m equity value
Announced 27 Jul 2026 · ASX: CNB · A$0.77 in scrip per share · 60% premium
Advisers
Carnaby Resources
Target
- Financial adviser
- Legal adviser
- Independent expert
- Valuation
- Target
- Carnaby Resources
- Acquirer
- Evolution Mining
- Structure
- Scheme of arrangement
- Completed
- 30 Oct 2026
- Sector
- Copper and base metals
In the league tables
- M&A financial advisers, 2026 to date Macquarie Capital #1 · Treadstone Resource Partners #22
- M&A financial advisers, completed, 2026 to date Macquarie Capital #6 · Treadstone Resource Partners #16
- M&A legal advisers, 2026 to date Allens #1 · Steinepreis Paganin #27
- M&A legal advisers, completed, 2026 to date Allens #2 · Steinepreis Paganin #21
- Independent experts, 2026 to date BDO #1
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Sources
- 27 Jul 2026 Carnaby Resources to be acquired by Evolution Mining ASX
- 27 Jul 2026 Evolution agrees to acquire Carnaby Resources ASX
- 5 Aug 2026 Allens advises Evolution Mining on proposed acquisition of Carnaby Resources allens.com.au
- 21 Sep 2026 Scheme Booklet registered with ASIC ASX
- 30 Oct 2026 Scheme Becomes Effective ASX