Renegade Exploration : Promising Lady Agnes Results and Data Review

March 22, 2022 at 09:24 pm EDT

ASX ANNOUNCEMENT

only23 March 2022

ABN 92 114 187 978

ASX Code: RNX

ISSUED CAPITAL

Shares:	879.6 million
use	70.0 million
Options:

CORPORATE DIRECTORY

Chairman:

Robert Kirtlan

Director:

Mark Wallace

personalDirector:

M rk Connelly

Company Secretary:

Graeme Smith

CONTACT DETAILS

Level 1, 982 Wellington Street, We t Perth WA 6005

Aust alia

PO Box 1485

Subiaco WA 6904

E: info@renegadeexploration.com

T: +61 409 842 354 www.renegadeexploration.comFor

PROMISING LADY AGNES RESULTS

AND DATA REVIEW

Pleasing results from recent soil sampling campaign and review of historical drill and geophysical survey at Lady Agnes Prospect
RC drilling campaign now planned to test under the historic mine for shallow oxide mineralisation and IP target circa 100 - 150m depth
Interpretation from historical drill-hole - 181m @ 0.22% Cu from 273m (LAG1) - suggest potential for untapped broad copper generating system at the Lady Agnes Prospect

Renegade, (ASX:RNX) (the Company or Renegade), commenced field programs at its North Isa Project including soil sampling programs, mapping and interpretation of historical data at the Pipeline and Lady Agnes Prospects. Pleasingly, results for Lady Agnes (LAG) has generated positive results from the soil program as well as review of historical drill and geophysical survey data not previously available publicly (Figure 1 and 2).

Moreover, closer analysis and interpretations have instilled sufficient confidence for the Board to authorise a 2,000m RC program which will drill under the historical Lady Agnes Mine to test shallow oxide mineralisation and an IP target at circa 100-150m true depth.

Of significance for Renegade is historic drill-hole, LAG1, which generated a broad mineralised zone of 181m @ 0.22% Cu from 273m. This is under the geophysical IP target which Renegade will target in its upcoming drill program. Notably, the historical LAG1 provides encouragement there is a broad copper generating system within what is interpreted to be a brecciated structure.

Figure 1: Lady Agnes Plan View - structures, soil results, IP and LAG1

The review remains ongoing and subject to finalisation however, Renegade has commenced the following: clearance work; securing all necessary approvals; and negotiations with a contractor to secure a slot for commencement of drilling.

For personal use only

Figure 2: Lady Agnes Cross Section - interpreted IP and LAG1

Lady Agnes is located at a flexure in the Western Fault which separates the Basement Eastern Creek Volcanics (ECV) and the Mt Isa Group sediments. At surface it is represented by extensive brecciation, silicification and visible malachite mineralisation present within the brecciated zones, and also in cleavages which is sub vertical, dipping 82 degrees to the north. Historical mining focused on higher grade oxide resources and more recent work (1960's - 2000's) involved drilling and geophysics. Mt Isa Mining, in particular, drilled several deeper holes to test for deep larger ore bodies along the Western Fault and one of the drillholes, LAG1, was drilled adjacent to the Lady Agnes Mine. Renegade is proposing, from its geological and geophysical interpretation, that there is potential for copper sulphide resources within the main alteration zone which has a corresponding IP anomaly and which is interpreted to be representative of sulphide mineralisation.

Pipeline has been subject to a number of historical programs with little drilling. Renegade's soil sampling program generated further information which is being incorporated into the historical data and includes reprocessing old geophysical data to determine prospective drill targets.

The North Isa Project is located directly north of the George Fisher mine and approximately 35km north of Mt Isa township and controls approximately 20km of the Western Fault. The Western Fault and associated faults host the historic Lady Agnes mine together with numerous other historic workings. The

For personal use only

project straddles the thrust faulted Eastern Creek Volcanics (ECV) and Mt Isa Group sediment boundary with several existing copper mineral occurrences including the Lady Agnes copper mine which is located within an embayment along the faulted ECV/Mt Isa Group contact.

Table1: Soil Sampling Results Lady Agnes

SampleID	East	North	Cu(ppm)	Pb(ppm)	Zn(ppm)	Au(ppm)
LAS001	342100	7741900	60.6	37.9	115	<0.02
LAS002	342150	7741900	53.2	35.7	110	<0.02
LAS003	342200	7741900	52.2	42.1	143	<0.02
LAS004	342250	7741900	47.1	37.4	142	<0.02
LAS005	342300	7741900	34.7	33.8	103	<0.02
LAS006	342350	7741900	39.6	37.3	109	<0.02
LAS007	342400	7741900	38.8	33.9	101	<0.02
LAS008	342450	7741900	51.9	35.6	123	<0.02
LAS009	342500	7741900	27.3	31.3	90	<0.02
LAS010	342550	7741900	30.4	29.4	107	<0.02
LAS011	342600	7741900	33.2	36.6	113	<0.02
LAS012	342650	7741900	38.6	32.8	90	<0.02
LAS013	342650	7741950	32.1	35.7	99	<0.02
LAS014	342600	7741950	41.7	35.9	100	<0.02
LAS015	342550	7741950	45.5	43.4	110	<0.02
LAS016	342500	7741950	37.3	33.8	102	<0.02
LAS017	342450	7741950	41.6	39.4	126	<0.02
LAS018	342400	7741950	44.7	39.8	138	<0.02
LAS019	342350	7741950	48.2	39.3	138	<0.02
LAS020	342300	7741950	78.7	38.4	102	<0.02
LAS021	342250	7741950	149.5	25.5	52	<0.02
LAS022	342200	7741950	107.5	20.7	29	<0.02
LAS023	342150	7741950	99.4	20.3	29	<0.02
LAS024	342100	7741950	113	27.1	59	<0.02
LAS025	342100	7742000	44.3	13.8	39	<0.02
LAS026	342150	7742000	80.4	17.3	35	<0.02
LAS027	342200	7742000	74.3	20.8	25	<0.02
LAS028	342250	7742000	72	17.9	18	<0.02
LAS029	342300	7742000	124.5	19.8	26	<0.02
LAS030	342350	7742000	193	25.9	42	<0.02
LAS031	342400	7742000	124	32.4	68	<0.02
LAS032	342450	7742000	50.9	36.7	115	<0.02
LAS033	342500	7742000	37.5	37.6	126	<0.02
LAS034	342550	7742000	38.6	38.8	138	<0.02
LAS035	342600	7742000	38.1	44.8	157	<0.02
LAS036	342650	7742000	43.6	39.1	135	<0.02
LAS037	342650	7742050	50.7	53.4	158	<0.02
LAS038	342600	7742050	46.2	42.3	160	<0.02
LAS039	342550	7742050	51	38.8	140	<0.02
LAS040	342500	7742050	58.7	34.8	100	<0.02
LAS041	342450	7742050	156.5	27.3	61	<0.02

For personal use only

SampleID	East	North	Cu(ppm)	Pb(ppm)	Zn(ppm)	Au(ppm)
LAS042	342400	7742050	195.5	28.2	31	<0.02
LAS043	342350	7742050	100.5	13.6	20	<0.02
LAS044	342300	7742050	103.5	16.4	20	<0.02
LAS045	342250	7742050	81.7	23.6	22	<0.02
LAS046	342200	7742050	93.7	33.5	39	<0.02
LAS047	342150	7742050	68.2	23.5	41	<0.02
LAS048	342100	7742050	48.4	15.2	37	<0.02
LAS049	342100	7742100	58.4	14.6	43	<0.02
LAS050	342150	7742100	55.7	18.2	41	<0.02
LAS051	342200	7742100	121.5	33.2	51	<0.02
LAS052	342250	7742100	97.2	36.7	38	<0.02
LAS053	342300	7742100	128.5	26.5	28	<0.02
LAS054	342350	7742100	268	23.7	24	<0.02
LAS055	342400	7742100	217	17.7	24	<0.02
LAS056	342450	7742100	176	24.8	46	<0.02
LAS057	342500	7742100	134	34.2	61	<0.02
LAS058	342550	7742100	78.4	26.1	73	<0.02
LAS059	342600	7742100	47.3	41.2	136	<0.02
LAS060	342650	7742100	40.4	35.9	138	<0.02
LAS061	342650	7742150	28	36.1	130	<0.02
LAS062	342600	7742150	44	34.7	118	<0.02
LAS063	342550	7742150	96.4	32.2	70	<0.02
LAS064	342500	7742150	156	21.8	31	<0.02
LAS065	342450	7742150	203	28.1	33	0.02
LAS066	342400	7742150	370	24.9	23	<0.02
LAS067	342350	7742150	230	30.6	25	<0.02
LAS068	342300	7742150	93.2	27.8	23	<0.02
LAS069	342250	7742150	86.5	24.5	24	<0.02
LAS070	342200	7742150	86.6	21.7	40	<0.02
LAS071	342150	7742150	71	21.6	48	<0.02
LAS072	342100	7742150	63.6	15.2	40	<0.02
LAS073	342100	7742200	41.2	21.9	36	<0.02
LAS074	342150	7742200	85.1	15.6	37	<0.02
LAS075	342200	7742200	144.5	19	59	<0.02
LAS076	342250	7742200	81.9	27.5	22	<0.02
LAS077	342300	7742200	247	33.5	33	<0.02
LAS078	342350	7742200	487	18	19	<0.02
LAS079	342400	7742200	831	19.2	36	0.03
LAS080	342450	7742200	270	28.6	26	<0.02
LAS081	342500	7742200	201	28.9	31	<0.02
LAS082	342550	7742200	110	20.7	18	<0.02

For personal use only

SampleID	East	North	Cu(ppm)	Pb(ppm)	Zn(ppm)	Au(ppm)
LAS083	342600	7742200	65	20	50	<0.02
LAS084	342650	7742200	81.3	53.2	154	<0.02
LAS085	342650	7742250	89.6	20.2	48	<0.02
LAS086	342600	7742250	66.6	20.5	45	<0.02
LAS087	342550	7742250	119.5	31.8	30	<0.02
LAS088	342500	7742250	207	35.2	32	<0.02
LAS089	342450	7742250	557	22.9	23	0.02
LAS090	342400	7742250	761	36	22	0.14
LAS091	342350	7742250	8160	22.9	18	0.43
LAS092	342300	7742250	305	27.7	27	0.02
LAS093	342250	7742250	155	42.6	50	<0.02
LAS094	342200	7742250	193	18.8	72	<0.02
LAS095	342150	7742250	95.1	24.5	53	<0.02
LAS096	342100	7742250	43.3	21.3	30	<0.02
LAS097	342100	7742300	108.5	15.9	56	<0.02
LAS098	342150	7742300	162	29.4	83	<0.02
LAS099	342200	7742300	209	23.4	88	<0.02
LAS100	342250	7742300	133.5	20.3	73	<0.02
LAS101	342300	7742300	293	22.7	43	0.06
LAS102	342350	7742300	267	35.1	53	<0.02
LAS103	342400	7742300	223	25.2	30	<0.02
LAS104	342450	7742300	161.5	30	43	<0.02
LAS105	342500	7742300	98	32.2	34	<0.02
LAS106	342550	7742300	102	24.7	25	<0.02
LAS107	342600	7742300	98.5	24.4	38	<0.02
LAS108	342650	7742300	94	12.6	29	<0.02
LAS109	342650	7742350	91	17	40	<0.02
LAS110	342600	7742350	160.5	23.1	56	<0.02
LAS111	342550	7742350	136.5	20.6	46	<0.02
LAS112	342500	7742350	209	26.4	49	<0.02
LAS113	342450	7742350	230	19.6	50	<0.02
LAS114	342400	7742350	295	19.8	59	<0.02
LAS115	342350	7742350	175.5	14.6	27	<0.02
LAS116	342300	7742350	130.5	21.1	41	<0.02
LAS117	342250	7742350	211	13.4	76	<0.02
LAS118	342200	7742350	203	22.3	84	<0.02
LAS123	342200	7742400	211	21.3	91	<0.02
LAS124	342250	7742400	202	20.8	89	<0.02
LAS125	342300	7742400	140.5	18.1	56	0.03
LAS126	342350	7742400	120	31.1	47	<0.02

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Renegade Exploration Limited published this content on 22 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2022 01:23:09 UTC.

	1st Jan change	Capi.
RENEGADE EXPLORATION LIMITED	+85.71%	9.65M
BHP GROUP LIMITED	-14.76%	143B
RIO TINTO PLC	-6.59%	117B
GLENCORE PLC	+0.29%	71.07B
SAUDI ARABIAN MINING COMPANY (MA'ADEN)	+6.49%	50.28B
GRUPO MÉXICO, S.A.B. DE C.V.	+13.30%	48.38B
ANGLO AMERICAN PLC	+39.55%	39.93B
TECK RESOURCES LIMITED	+24.57%	26.1B
HINDUSTAN ZINC LIMITED	+33.36%	21.36B
IVANHOE MINES LTD.	+60.47%	18.64B

1st Jan change

Capi.

RENEGADE EXPLORATION LIMITED

+85.71%

9.65M

BHP GROUP LIMITED

-14.76%

143B

RIO TINTO PLC

-6.59%

117B

GLENCORE PLC

+0.29%

71.07B

SAUDI ARABIAN MINING COMPANY (MA'ADEN)

+6.49%

50.28B

GRUPO MÉXICO, S.A.B. DE C.V.

+13.30%

48.38B

ANGLO AMERICAN PLC

+39.55%

39.93B

TECK RESOURCES LIMITED

+24.57%

26.1B

HINDUSTAN ZINC LIMITED

+33.36%

21.36B

IVANHOE MINES LTD.

+60.47%

18.64B

End-of-day quote Australian S.E. Other stock markets 06:00:00 2024-04-28 pm EDT			5-day change	1st Jan Change
0.013 ^AUD	+8.33%		-13.33%	+85.71%

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