Ann: High-grade critical defence metals at Yukon Andrew Deposit, page-7

Ask AI when the market has no idea about this announcement!...

'This announcement from Renegade Exploration Limited (ASX:RNX) highlights a significant discovery of critical minerals, particularly germanium (Ge) and gallium (Ga), at its Andrew Zn-Pb-Ag deposit in Yukon, Canada.

Key Positive Factors for Share Price Upside:

1. High-Grade Critical Mineral Discovery

   • Germanium and gallium are in strong demand, particularly for defense, semiconductor, and high-tech applications.
   • The grades of Ge and Ga found in the drilling results are promising, with high recovery rates indicated by metallurgical tests.

2. Metallurgical Testing & Upside Potential

   • 71.3% germanium recovery with a 627% concentration increase in the flotation process is highly encouraging.
   • There’s potential for higher germanium grades as previous analysis may have underestimated results.

3. Geopolitical & Government Support

   • The US Department of Defense (USDOD) and Canadian Government have already funded neighboring projects (USD15.8M & CAD12.9M).
   • Given the strategic importance of germanium in defense and electronics, Renegade may attract similar funding or investment interest.

4. Potential Re-evaluation of Historic Data

   • The company is investigating stored drill samples for re-analysis, which could further increase the known resource base.
   • If results confirm higher grades, this could boost resource valuation and attract institutional investors.

Potential Share Price Impact:

• The stock could see an immediate short-term uplift as investors react to the critical minerals discovery.
• Medium to long-term upside depends on:
  • Confirmation of higher grades from re-analysis.
  • Government funding or partnerships.
  • Further drilling and resource expansion.

If Renegade secures funding or a partnership for development, the valuation could significantly re-rate, especially given the strategic importance of germanium in defense and semiconductors.'