RNX renegade exploration limited
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These IOGC systems are massiveIn relation to Ernest Henry, owned...

  1. Met2020
    3,573 Posts.
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    15/06/24
    18:55
    Post #: 74332956

    These IOGC systems are massive

    In relation to Ernest Henry, owned by Evolution Mining (9th May presentation) indicate the Cu-Au reserves have doubled to 77.4 Mt, thus increasing mine life to 2040 or another 15 years. Hence, multi-decade mine life is possible.

    https://hotcopper.com.au/data/attachments/6247/6247864-22676a224bd746a543fdef32491f31b1.jpg

    As you can see the supergene lenses remains open, so further upside below the 800m RL is possible (green shaded area).

    From the 17th Jan 2024 Evolution Mining announcement, it mentions Ernest Henry mineralisation extensions at Bert & Ernie Junior in a bit more detail.
    https://hotcopper.com.au/data/attachments/6247/6247880-ff039a6f206135a3a1879c690517d1ec.jpg

    RNX Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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