Renegade Reports 71% Germanium Recovery and Expands Yukon Resource Base
Renegade Exploration reports significant discoveries of critical defence metals germanium and gallium at its Yukon Andrew Deposit, alongside promising gold-silver prospects, while progressing copper and cobalt projects in Queensland amid a tight cash position.
- High-grade germanium and gallium identified at Andrew Zinc-Lead Deposit, Yukon
- New gold-silver-antimony prospect discovered at Myschka, Yukon Project
- Yukon Base Metal Project resource remains open for expansion
- Queensland projects see no field activity but ongoing commercialisation and JV developments
- Company holds $500,000 loan facility with $280,000 drawn, minimal cash on hand
Critical Defence Metals Discovery in Yukon
Renegade Exploration Limited (ASX: RNX) has unveiled compelling results from its Yukon Base Metal Project in Canada, highlighting the discovery of high-grade critical defence metals germanium and gallium at the Andrew Zinc-Lead Deposit. These metals, crucial for advanced electronics and defence applications, were found in significant concentrations, with metallurgical tests indicating a 71.3% recovery of germanium into a concentrate grading 150g/t – a remarkable 627% concentration increase.
Diamond drilling results underpinning these findings include intercepts such as 45.9m at 43.5g/t germanium and 12.5g/t gallium alongside 9.4% zinc, underscoring the deposit’s potential beyond traditional base metals. This positions Renegade well within the critical minerals supply chain, an area of growing strategic importance globally.
Emerging Gold-Silver-Antimony Prospect at Myschka
Further north in the Yukon Project, Renegade has identified a high-grade gold-silver-antimony prospect at Myschka, located just 10km from the Andrew Deposit. This prospect has never been drilled but shows promising surface sampling results, including rock chip assays with up to 1.05g/t gold and 560g/t silver, accompanied by significant antimony values.
The Myschka prospect lies near recent major discoveries by peers and shares geological characteristics with notable intrusive-hosted gold systems, suggesting potential for a substantial mineralised system. Renegade plans to revisit historic samples and commence fieldwork in the upcoming Yukon field season starting June 2025.
Queensland Projects: Steady Progress Amid Funding Constraints
In Australia, Renegade’s flagship Cloncurry Project in north-west Queensland remains a focus, with advanced copper prospects such as Mongoose Deeps and Tank under evaluation. Although no field activities occurred this quarter, commercialisation discussions continue, and the company awaits government funding decisions that could support high-risk, high-reward exploration.
Renegade also holds interests in the Carpentaria Joint Venture and the North Isa Project, both in Queensland’s prolific mineral province. While no fieldwork was conducted this quarter, planned programs include soil sampling and geophysical surveys aimed at advancing exploration targets.
Financial Position and Outlook
Renegade reported minimal cash reserves of just $2,000 at quarter-end, offset by a $500,000 loan facility with Outland Investments Pty Ltd, of which $280,000 was drawn. Exploration expenditure was modest at $35,000 for the quarter, reflecting a cautious approach amid funding constraints. The company confirms it is actively seeking to commercialise its assets and is prepared to extend financing arrangements as needed.
With critical minerals demand rising globally, Renegade’s discoveries in Yukon could attract strategic interest and funding, potentially unlocking value for shareholders. However, near-term liquidity remains a concern, underscoring the importance of upcoming exploration results and funding developments.
Bottom Line?
Renegade’s critical minerals breakthroughs in Yukon set the stage for a pivotal year, but funding and execution risks loom large.
Questions in the middle?
- Will Renegade secure additional funding to accelerate drilling and development in Yukon and Queensland?
- How will the discovery of germanium and gallium influence the valuation and strategic partnerships for the Yukon Project?
- What are the timelines and plans for advancing the Myschka gold-silver-antimony prospect towards drilling?
