Renegade Exploration's Strategic Update

Renegade Exploration (ASX:RNX) has unveiled results from new 3D magnetic models at their Greater Mongoose area within the Cloncurry Project. These models have relocated the Mongoose Deeps anomaly north and closer to the surface, within the 100% owned tenement EPM28972. The anomaly begins at a depth of 400-500 meters, offering both shallow and deeper exploration targets. Upcoming drilling will focus on these shallow targets while deeper exploration is planned.

Renegade Exploration's Future Plans

Renegade Exploration (ASX:RNX) has identified promising targets at the Greater Mongoose area within the Cloncurry Project through advanced 3D magnetic modelling. The Mongoose Deeps anomaly has been shifted north and closer to the surface, with exploration targets starting from 400-500 meters depth. The company plans to conduct initial drilling on shallow targets and pursue deeper drilling in the future, supported by potential government grants. Renegade holds a 31% stake in EPM8588 as part of the Carpentaria Joint Venture with Glencore and aims to increase this stake. With substantial mineralization similar to the Ernest Henry copper mine, Renegade is focused on expanding its resource base and exploration activities in north-west Queensland.

Executive Insights on Cloncurry Project

'The new 3D magnetic models have significantly advanced our understanding of the Greater Mongoose area. The shift of the Mongoose Deeps anomaly north and closer to the surface presents exciting opportunities for exploration. Our immediate focus will be on the shallow targets, with deeper drilling planned as we progress. The intent to apply for government grants reflects our commitment to advancing exploration efficiently.'