Renegade Exploration Limited is working at pace on the Mongoose Copper-Gold Project near Cloncurry. Follow up geological work to the recent drilling is well underway. Renegade commenced a high- resolution ground magnetic program on March 28, 2023 which should be complete on March 29, 2023 or March 30, 2023 and will conduct a downhole transient electro-magnetic (DHTEM) test next week. Field work in the southern zone has been completed with more detailed geological mapping, sampling and topography the primary focus. Cultural heritage clearance for the next drill program is also underway at the time of this release. Renegade's preferred drilling contractor has indicated the ability to return and continue drilling the southern zone within 4-8 weeks. Assays from the recent drilling should soon become available for the first holes and will be collated for timely release. Renegade has recently raised further capital through the part sale of some of its share investment inventory to fund forward exploration programs. Work at Mongoose had, as its initial primary target, shallow supergene copper mineralisation suitable for heap leach processing. Historical drilling had previously encountered chalcopyrite mineralization at modest depth as a probable source for the supergene mineralisation and Renegade was testing this when it encountered massive sulphides in the south-eastern zone of the prospect. Drilling further south at the time the rig was on site wasn't possible due to a lack of cultural clearances, road and pad access and more detailed geological information. The current work at Mongoose is following up on the recent drilling which resulted in large visible copper sulphide zones being intersected in multiple RC holes. Renegade reported this to market on 21 March 2023. Of particular interest is RMG021 which was an exploration hole in the previously
untested southern zone. The zones included: RMG021: 33 m of visible chalcopyrite mineralization; RMG018: 63 m of visible chalcopyrite mineralization; RMG019: 18 m of visible chalcopyrite mineralization; RMG009: 10 m of visible chalcopyrite mineralization; RMG010: 9 m of visible chalcopyrite mineralization; RMG011: 16 m of visible chalcopyrite mineralization.