Carnaby Resources Limited engages in the exploration of mineral properties in Scandinavia and Australia. The company operates through two segments, Scandinavian Mineral Exploration and Australian Mineral Exploration. It explores for gold, copper, cobalt, and nickel deposits. Carnaby Resources Limited holds interests in the Skuterud, Gladhammar, Lainejaur, and Tunaberg projects in Norway and Sweden; and the Tick Hill gold-copper-cobalt project, the Malmac and Throssell project, and the Mount Clement gold project in Australia. The company was formerly known as Berkut Minerals Limited. Carnaby Resources Limited is based in Subiaco, Australia.