Renegade Exploration (ASX:RNX) is working on the Mongoose Copper-Gold Project near Cloncurry, with ground magnetic surveys in progress, cultural heritage clearances underway, and downhole EM and assays from recent drilling to be completed in the coming weeks.
Current work at Mongoose includes exploration in the previously untested southern zone, which presented visible chalcopyrite mineralisation, and the drilling contractor is provisionally booked for further work within four to eight weeks.
The project is part of the Carpentaria Joint Venture between Renegade and Glencore, with Renegade holding a 23.03% stake.
Renegade Exploration is currently in a trading halt pending a further announcement.