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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 8:24AM
Price at Release
$0.003
Full Release
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Summary
True North Copper Limited (TNC) has announced the consolidation of the Mongoose deposit into the Cloncurry Copper Project (CCP) following its acquisition from Renegade Exploration Limited (RNX). This strategic integration is part of the Carpentaria Joint Venture (CJV) and aims to enhance the project scale, extend mine life, and improve overall project economics. The Mongoose deposit, with an inferred resource of 3.1 million tonnes at 0.55% Cu and 0.07 g/t Au, will be combined with the neighboring Taipan deposits into a single open-pit operation, removing tenement boundaries and allowing access to previously untapped mineral resources. The transaction involves TNC's acquisition of Renegade's interest in the CJV and EPM 8588, structured to minimize upfront cash outlay while aligning with project development success. This consolidation is expected to support higher production rates and strengthen project viability.
Key Points
  • True North Copper consolidates Mongoose into Cloncurry Copper Project.
  • Acquisition from Renegade Exploration Limited.
  • Part of the Carpentaria Joint Venture with Glencore Plc.
  • Mongoose inferred resource: 3.1 Mt at 0.55% Cu and 0.07 g/t Au.
  • Integration of Mongoose and Taipan deposits into a single open-pit.
  • Potential increase in project scale and extended mine life.
  • Transaction structured to minimize upfront cash and align with development success.
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.