Australian based minerals exploration and development company Renegade Exploration Limited is driven by the primary objective of delivering long-term value for its shareholders. For this purpose, RNX aims to become a mid-tier resource company by discovering, acquiring as well as developing the economic mineral deposits.
The Company’s projects include the flagship Yandal East project, which is located within the Yandal Greenstone Belt, a well-endowed gold region in Western Australia. Historically, the region has produced more than 10Moz of gold and the permits of RNX lie adjacent to and along strike in both directions from the Millrose Deposit.
At the Yandal East Project, RNX has undertaken exploration work that has delivered encouraging results.
Opportunistically, RNX has access to the Yandal project through well-maintained country roads to the Millrose Station, situated immediately east of the Project and has accommodation and earthworks services available.
RNX also has 90% interest in the Yukon Base Metal Project, placed within the extremely prospective area in the Yukon Territory, Canada. In December 2020, RNX had finalised and executed the Share Purchase Agreement to sell its Yukon Project.
Besides this, RNX has also acquired a 23.03% interest in the Carpentaria Joint Venture by procuring the share of Sovereign Metals Limited in the joint venture. CJV has a package of permits in the prolific Cloncurry district of Queensland and has many identified advanced copper and gold projects.
One of the high priority prospects in the CJV is the Mongoose prospect which indicates an immediate drill ready target.
RNX looks to generate value for its shareholders while progressing the overall advancement across the highly prospective landholdings.