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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 (-20%)+
Announcement
Release
18 Jun 2026 8:28AM
Price at Release
$0.003
Full Release
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Summary
Renegade Exploration Limited has completed the divestment of its 22% stake in the Carpentaria Joint Venture (CJV) to True North Copper Limited for $2.88 million. The transaction involved a mix of $300,000 in cash and the issuance of 3,000,000 TNC shares valued at $1.5 million, alongside the transfer of TNC’s 91% interest in the Prairie Creek Project worth $200,000 and performance rights valued at $880,000. This divestment aims to allow Renegade to focus its resources on its North American exploration projects while retaining exposure to the Mongoose-Taipan copper-gold deposits through its shareholding and performance rights in TNC.
Key Points
  • Renegade divests 22% interest in Carpentaria Joint Venture to True North Copper Limited.
  • The transaction is valued at $2.88 million including cash, shares, and performance rights.
  • Renegade retains exposure to Mongoose-Taipan copper-gold deposits.
  • Transaction allows Renegade to focus on North American exploration portfolio.
  • Acquisition includes Prairie Creek Project, adding a gold asset to Renegade's portfolio.
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.