Proactive Investors - Run By Investors For Investors

Renegade Exploration has a new substantial shareholder

The company’s flagship asset is its Yandal East Gold Project in Western Australia.
location map
Follow-up aircore drilling was completed during December

Renegade Exploration Ltd (ASX:RNX) has a new substantial shareholder in Paul Bennett who has emerged with 35.7 million shares or 5.01% voting power.

According to historical ASX lodgements, Bennett has been a long-time shareholder and previously had substantial holdings in the company.

READ: Renegade Exploration leverages high-grade gold results to develop Yandal project

The Yandal East Gold Project is located within a well-endowed gold region known as the Yandal Greenstone Belt.

The current major production centre is at Jundee, located ~25 kilometres west of the project.

The region has historically produced in excess of 10 million ounces of gold and Renegade’s permits are adjacent to and along strike in both directions from the Millrose Deposit containing 309,000 ounces grading 2.4 g/t gold.

Recent drilling shows project’s potential

A 62-hole, 7,189-metre follow-up aircore drilling program was completed at Yandal East during December.

Grades reached as high as 1-metre at 5.74 g/t gold and as thick as 23 metres at 1.38 g/t gold.

Only six of the original nine large, high priority targets have been tested and the company recently said it was well-funded to continue exploration in 2019.

View full RNX profile View Profile

Renegade Exploration Ltd Timeline

Related Articles

A map showing Comet's Springdale Graphite Project on WA's south coast
May 05 2019
New CEO Philippa Leggat joined the junior last week to explore the Esperance area project’s commercial potential.
Sconi project map showing proximity to Townsville port
March 07 2019
SK Innovation is likely to take all the battery-grade cobalt sulphate and nickel sulphate produced from Sconi.
De Grey's Pilbara project in northwest Western Australia
March 27 2019
The company has a longer-term vision to grow resources to 3 million gold ounces.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use