The change of name, which was approved by shareholders at a general meeting last week, is consistent with Renegade’s gold development focus.
25,000 metres of drilling planned
As it launches the new name, the company will begin a 25,000-metre drilling program at the Yandal East Gold project later this quarter.
The 300 square kilometre project is in proven gold country within the prolific Yandal Greenstone Belt in Western Australia.
Near Jundee Gold Project
It is just 25 kilometres east of Northern Star Resources Ltd’s (ASX:NSR) 10 million ounce plus Jundee Gold Project.
The company recently identified nine high-priority targets within the project covering about 32 kilometres of strike length.
15+ million ounces of gold produced in belt
It is worth noting that the world-class Yandal Greenstone Belt has seen past production exceeding 15 million ounces of gold.
Renegade is well funded for exploration following a $2 million share placement to sophisticated and institutional investors at 1.1 cents per share during the March 2018 quarter.
The company also recently executed an agreement to acquire an exploration licence covering the western edge of the greenstone belt.
The acquisition consolidates and complements the company’s existing holdings and reaffirms the Company’s commitment to the area.
It creates a continuous tenement holding to the south from the Cowza prospect.