RNX 9.09% 1.0¢ renegade exploration limited

It is good to hear from Robert they have confirmed the existence...

  1. 3,109 Posts.
    lightbulb Created with Sketch. 1733

    It is good to hear from Robert they have confirmed the existence of an IOCG discovery at Mongoose Deeps and its similarity "mirroring" to Ernest Henry mine in terms of pyrite, chalcopyrite, magnetite & red rock. All key indicators for Ernest Henry style of mineral formation.

    RNX are now considering using multi-purpose RC drill rigs to get down to at least 500 metres and if they hit mineralisation at the top of any anomaly then they can complete the hole with further Diamond Drilling (DD). Thus providing valuable mineralised core for the resource definition stage.

    This methodology speeds up the whole exploration drilling program for pin-pointing the ore zone by increasing the number of drill holes (fast RC vs slow DD) and reduces drilling costs significantly. Hence, more stabs at the geophysics anomaly to better define its position for the money they have.

    Mongoose Deeps assays at ALS Laboratory for gold, copper and cobalt are pending for the 400 metres of selected core they submitted.

    This upcoming news should please the market as they move closer to the massive anomaly target.

    Long Shortz with Renegade Exploration: Outstanding Ernest Henry lookalike
 
watchlist Created with Sketch. Add RNX (ASX) to my watchlist
(20min delay)
Last
1.0¢
Change
-0.001(9.09%)
Mkt cap ! $12.80M
Open High Low Value Volume
1.1¢ 1.1¢ 1.0¢ $77.31K 7.127M

Buyers (Bids)

No. Vol. Price($)
5 2481683 1.0¢
 

Sellers (Offers)

Price($) Vol. No.
1.1¢ 344930 2
View Market Depth
Last trade - 16.10pm 18/07/2024 (20 minute delay) ?
RNX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.