Carnavale Resources completes purchase of Barracuda Platinum-Palladium-Nickel-Copper Project The company has been granted ministerial consent for the transfer of the licence, which is around 60 kilometres east of Mt Magnet. $2.1 million was raised in a placement to complete the purchase and fund initial exploration. Carnavale Resources Ltd (ASX:CAV) (FRA:YBB) has been granted ministerial consent for the transfer of 100% of the Barracuda Platinum-Palladium-Nickel-Copper Project near Mt Magnet in Western Australia to the company. As consideration for the settlement of the acquisition of granted licence E58/551, $40,000 has been paid to the vendors, Corporate & Resource Consultants Pty Ltd and Bruce Legendre, with 29 million CAV shares also issued.