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Renegade Exploration Limited (ASX:RNX)

ALERT: Price-sensitive ASX Announcement for RNX
Current share price for RNX : $0.002 -0.001 (-33.33%)+
Announcement
Release
30 Apr 2026 2:59PM
Price at Release
$0.003
Full Release
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Summary
Renegade Exploration Limited's quarterly report for the period ending 31 March 2026 highlights its mineral exploration and development activities in Australia and North America. The company reported a net cash outflow from operating activities of $152,000, with significant investment in exploration in the USA and Queensland. Renegade increased its loan facility to $1 million, with $450,000 drawn, and divested interests in the Carpentaria Joint Venture for $2.88 million. Cash reserves at the end of the quarter stood at $16,000, supplemented by $550,000 in available financing. The report also noted payments to directors and a projected 1.87 quarters of funding available.
Key Points
  • Renegade Exploration Limited (ASX:RNX) is focused on minerals exploration and development in Australia and North America.
  • During the quarter ending 31 March 2026, Renegade reported a net cash outflow from operating activities of $152,000.
  • The company spent $150,000 on exploration and evaluation, with $138,000 allocated to USA projects and $12,000 to NW Queensland.
  • The company increased its loan facility to $1 million and extended its maturity to October 11, 2026, with $450,000 drawn by the quarter's end.
  • Renegade executed a binding agreement to divest its ~22% interest in the Carpentaria Joint Venture and ~35% interest in EPM 8588 to True North Copper Limited for $2.88 million.
  • Cash at the end of the period totaled $16,000 with an additional $550,000 available from unused facilities.
  • Payments totaling $66,000 were made to related parties for director fees and consulting services.
  • Renegade's net cash from financing activities during the period was $200,000.
  • The company reported an estimated 1.87 quarters of funding available based on current outflows.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.