Renegade Exploration : Annual Report to shareholders

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ABN 92 114 187 978 Annual Report 30 June 2020 Renegade Exploration Limited CONTENTS Page No Corporate Directory 1 Operations Report 2 Tenement Schedule 7 Directors' Report 8 Corporate Governance Statement 15 Consolidated Statement of Profit or Loss and Other Comprehensive Income 16 Consolidated Statement of Financial Position 17 Consolidated Statement of Cash Flows 18 Consolidated Statement of Changes in Equity 19 Notes to the Consolidated Financial Statements 20 Directors' Declaration 47 Auditor's Independence Declaration 48 Independent Auditor's Report 49 Additional ASX Information 53 Renegade Exploration Limited 2020 Annual Report CORPORATE DIRECTORY Directors Mr. Robert Kirtlan (Non-Executive Chairman) Mr. Mark Wallace (Non-Executive Director) Mr. Peter Voulgaris (Non-Executive Director) Company Secretary Mr. Graeme Smith Registered Office and Principal Place of Business Level 1 982 Wellington Street West Perth WA 6005 Australia Telephone: (+61) 409 842 354 Share Register Automic Registry Services Level 5, 126 Phillip Street, Sydney NSW 2000 Telephone: (02) 9698 5414 Stock Exchange Listing Renegade Exploration Limited shares are listed on the Australian Securities Exchange, the home branch being Perth. ASX Code: RNX Auditors Stantons International Audit and Consulting Pty Ltd Level 2, 1 Walker Avenue West Perth WA 6005 Solicitors Corrs Chambers Westgarth Level 6, Brookfield Place Tower 2 123 St Georges Terrace Perth WA 6000 Renegade Exploration Limited 1 2020 Annual Report Operations Report YANDAL EAST GOLD PROJECT, WESTERN AUSTRALIA During September 2017 the Company secured an option to acquire 75% of the Yandal East Gold Project ( Yandal East ) and commenced exploration over the tenements. The Company conducted a variety of desktop work prior to a project wide gravity survey followed by detailed target generation and the inaugural drilling program consisting of 285 aircore holes for 23,789m during the year. This program was then followed up with a second program consisting of 53 aircore holes for a further 6,131m at the Ward, Mizna (South) and Millrose Extension prospects. Yandal East is located 70km north-east of Wiluna, Western Australia and 25km east of the Jundee operation and comprises 352 km 2 of tenure. The tenure covers 70 strike kilometres of under-explored, prospective greenstones within the world-class Yandal Greenstone Belt with past production exceeding 10Moz. Access to Yandal East is via well maintained country roads to Millrose Station Homestead and then via station tracks within the project area. Figure 1. Location of the Yandal East Gold Project and Tenements Acquisition Details In February 2019, the Company entered into a 75:25 exploration joint venture with Zebina Minerals Pty Ltd (" Zebina "), with Zebina being free carried until a decision to mine. On decision to mine Zebina must contribute its share pro-rata or dilute to a 1% gross royalty. Renegade Exploration Limited 2 2020 Annual Report This is an excerpt of the original content. To continue reading it, access the original document here .

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