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 km2 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 |
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