How Renegade’s Nevada Acquisitions Spark High-Grade Gold Excitement

Nevada Expansion Bolsters Gold-Silver Portfolio

Renegade Exploration Limited has significantly expanded its presence in the highly prospective Walker Lane trend of Nevada, USA, with the acquisition of four new projects for US$150,000. This region is renowned for its rich gold, silver, and base metal deposits, hosting numerous operating mines yet remaining relatively underexplored. The company has already commenced field programs at key sites including Caisson and Broken Hills, where initial rock chip sampling has revealed exceptionally high-grade gold and silver values.

At the Caisson Project, located southeast of Reno, rock chip assays have returned gold grades averaging 7.54 grams per tonne over a 7-kilometre strike, with standout samples exceeding 70 grams per tonne. Similarly, Broken Hills has yielded silver assays surpassing 2,400 grams per tonne alongside gold grades above 16 grams per tonne, underscoring the project's potential. These early results validate Renegade's strategy to target underexplored but historically mineralised ground.

Fireball Ridge Acquisition Adds Depth to Nevada Portfolio

Post-quarter, Renegade secured an option over the Fireball Ridge Gold-Silver Project, further consolidating its Nevada footprint to five projects. Fireball Ridge, with a mining history dating back to the late 1800s, features a Miocene low-sulphidation epithermal system within a rift zone of bimodal volcanism. Prior drilling has been shallow, leaving significant potential at depth untested. The project shares geological similarities with the prolific Midas deposit, which produced over 2 million ounces of gold, suggesting substantial upside for Renegade's exploration efforts.

Yukon and Queensland Projects Progress Amidst Strategic Capital Raise

In Canada, Renegade's Yukon Base Metal Project continues to advance with rehabilitation of the Andrew Deposit camp and fieldwork at the Myschka Prospect, where high-grade gold, silver, and antimony mineralisation has been identified. The project holds a JORC-compliant resource of over 12 million tonnes of zinc and lead, enriched with critical minerals germanium and gallium. Renegade aims to expand this resource through ongoing exploration.

Meanwhile, in Queensland, Australia, the flagship Cloncurry Copper Project remains a focal point, although no field activities were conducted this quarter. Commercial discussions continue regarding the Mongoose Deposit, while the Carpentaria Joint Venture, operated by Glencore, saw no activity during the period.

Financial Position and Outlook

Renegade completed a two-tranche placement raising $1.8 million before costs, bolstering its cash reserves to $690,000 at quarter-end. The company also extended its $250,000 loan facility to April 2026, providing additional financial flexibility. Exploration and evaluation expenditure totaled $515,159 for the quarter, reflecting active investment in advancing its project pipeline. Directors' fees were partially settled through share issuance, aligning management incentives with shareholder interests.

With a strong land position across three continents and promising early exploration results, Renegade is well-positioned to unlock value from its diversified portfolio. The company’s focus on high-grade discoveries in established mining jurisdictions offers a compelling narrative for investors seeking exposure to precious and critical metals.